White House Press Briefing Summary On Debt Ceiling

Tyler Durden's picture

The latest meaningless headlines from White House spokesman Jay Carney:

  • CARNEY SAYS NO REASON TO REPEAT DEBT DEBATE LATER THIS YEAR Except for retaining Obama's job of course
  • CARNEY SAYS AMERICAN PEOPLE WANT COMPROMISE ON DEBT LIMIT Preferably the democrat compromise which saves a few quadrillion by not launching war on Mars?
  • And sure enough there it is: CARNEY SAYS REID PROPOSAL REPRESENTS COMPROMISE 
  • CARNEY SAYS SENATE WILL REJECT BOEHNER DEBT PROPOSAL
  • CARNEY SAYS TREASURY WILL EXPLAIN HOW IT WILL MANAGE FINANCES
  • CARNEY SAYS BOEHNER PLAN VOTE WILL NOT LEAD TO COMPROMISE
  • CARNEY SAYS CONGRESS `CONTROLS OUR FATE' ON DEBT LIMIT
  • CARNEY SAYS ONGOING DEBATE HAS HAD NEGATIVE IMPACT ON ECONOMY
  • CARNEY SAYS `NO QUESTION' BOEHNER PROPOSAL IS `POLITICAL ACT'

Bottom line: algos now using every appearance of the word "compromise" in a headline as buying trigger.

Update: S&P jumps 1 point on the following use of the word "compromise"

  • CARNEY SAYS `CHANCES AREN'T GREAT' FOR `SWEEPING COMPROMISE'