Nixta Sinks

It's a simplistic take on things, and frankly the market often dips 0.2% (28 points? Who's scared of 28 points?), but to hear Goldman analysts interpreting the election results as portentous of an untenable position for the market's growth adds a little more weight. Surely nothing being promoted is anything short of a sensible set of checks and balances to claw back at what's left of the country's very slight control over its own solvency. The one-armed itchy-arsed man hanging off the cliff may just have got a foothold, but it's indicative of the artificiality and ritualistic sand-based head-burying of the current market that it should be so scared of last night's results. Let's hope the markets do learn to cope with the supposed impending uncertainty, or else John "Jackass" Doe will doubtless hanker for the good old day of visionless guidance.

I recently had an eye-opening conversation with a friend who pointed out that in today's climate, consumer spending power is all. Nationwide personal debt is a small price to pay for the international trade demands it brings, casting a country eventually not as a dependent of a supplier, but as an irreplacable symbiote to the exporter eager to grow. In my chum's eyes a Republican defeat would be a global financial disaster. This may be true, but only in the near-term. The continuation of Republican governance is globally catastrophic, way beyond mere finances.