Sony / Ninty Yen boost. Markets finally catch up with me ;-)

[shakarak]

Mr Khan said:

chocoloco said:

I am worried of a delay on the US working out the fiscal cliff quickly because Beohner (pronounced boner) is still the leader of a largely Republican dominated US House. Though the Democrats have gained ground in the Senate and and retained the White House, the political picture remains the same as it was two years ago. The House has little reason other than the good of the country to cooperate with the President Obama. The last go at this only resulted in a long standing stalemate that pissed off the entire country. My outlook is that the dollar would more likely fall if it is not resolved soon than it is to gain immediately.

As far as the Republicans are concerned, the key sticking point is the Norquist Pledge, which a lot of major Republicans and almost all Tea Partiers have signed, declaring that they will never agree to raise government revenues by one cent (that is NO tax rate raises forever, but also NO closures of loopholes or deductions, ever) This makes them fundamentally unable to govern, because even the most hardened fiscal conservative who hasn't signed that lunatic's pledge will now that revenue increases are sometimes necessary.

The point of hope here is that several senate republicans have been seen backing off from the Norquist pledge in the past couple weeks.

I'm really happy to see many republicans are agreeing to now put revenue increases on the table.  That election ass whooping is having an immediate impact on their party.  
I think it would make for some good talk radio on my XM if we did manage to go off the fiscal cliff, but  it seems compromise is in our future instead.