It will end in disaster

The Market Ear Picture

We are driving off the cliff and landing in a big black hole

Now, we do not normally write about long-term macro, partly because it is not our expertise and partly because we do not trade it. However, today is a rare exception as we are just mind-boggled about the US debt situation. This is of course nothing new and we are not really adding any value here. But we still wanted to, because the long-term situation is so extreme.

$17 billion per day