It looks as if the market is trying to tell the clowns in the US Congress that they need to get their act together. Fighting over meaningless budget cuts when the country is drowning in trillions of dollars of debt make the political debates more like soap opera than anything else. If the Republicans want the Democrats to budge on social spending, they should also take the initiative to get the US out of the 2 useless wars in the Middle East. Then perhaps things can start moving in the right direction.
Q2 2011 could become a period for sovereign debt issues to come to the forefront of investors' concerns, along with the geopolitical problems in the Middle East.
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