Today has been tense and holds much promise for more tension as the days go by. Worth remembering that even when one view looks like the apocalypse might be bearing right down on top of you while you’re in your bathing suit in paradise….

…it might just be that you’re looking in the wrong direction.

Because it’s all about the way the wind is blowing.
Andrew Sullivan sums it up thus:
The Republican refusal to countenance any way to raise revenues to tackle the massive debt incurred largely on their watch and from a recession which started under Obama’s predecessor makes one thing clear. They are not a political party in government; they are a radical faction that refuses to participate meaningfully in the give and take the Founders firmly believed should be at the center of American government. They are not conservatives in this sense. They are anarchists.
Yes, they are. And Boehner trying to get away with offering that which has already been rejected; that is, a short-term 2-tier deal proves he’s as unserious today as he was yesterday and the day before.
As much as he might whine about being worried about Asian markets, I doubt he very much gives a damn. In fact, someone should check portfolios to see who’s shorting Asian stocks tomorrow. And then do a double-check on who might be shorting US Treasuries.