"As hours pass and the uncertainty builds, I think the market is starting to price in the potential that we might not have a solution by August 2," the deadline for raising the U.S. debt limit, said Channing Smith, managing director of Capital Advisors Inc. "Confidence in our political system is beginning to fade."
Beginning to fade? Beginning?
The war in Iraq...
Bush v. Gore...
Iran/Contra...
The war in Vietnam...
Watergate...
The assassination of JFK...
The assassination of JFK...
And he thinks confidence in our political system is just beginning to fade?
Sheesh.
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