It makes me very nervous to hear the commentators throwing around words like catastrophe, disaster, collapse and depression. Churchill was right about the terrible effects of fear. A thing like this can just feed on itself.

Very true. More people need to recognize this

It makes me very nervous to hear the commentators throwing around words like catastrophe, disaster, collapse and depression. Churchill was right about the terrible effects of fear. A thing like this can just feed on itself.

 

Personally I prefer "Economic Armageddon". I just prefer the biblical reference I suppose. Behold the 4 Horsemen of the Apocalypse; House, Senate, Greed, and Nancy Pelosi

It makes me very nervous to hear the commentators throwing around words like catastrophe, disaster, collapse and depression. Churchill was right about the terrible effects of fear. A thing like this can just feed on itself.

 

And history showed that people that bought stocks during these times did pretty well. I think a deal will get done and it will settle the psychology of the market. If there is one thing I have learned in economics, markets hate uncertainty, and as long as uncertainty exists stocks will go down without regard for the fundamentals.

Personally I prefer "Economic Armageddon". I just prefer the biblical reference I suppose. Behold the 4 Horsemen of the Apocalypse; House, Senate, Greed, and Nancy Pelosi

 

At least with Nancy, we know what end of the horse she will portray.

IMO those that voted against it did so for one reason: elections are in 5 weeks. If not for that, this would have passed.

 

If they thought that voters would hold it against them, they are right.