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S&P Lets Cat Out Of Bag!

S&P has warned of a downgrade to AAA status of US. 30yr Treasuries sell off 1 point. Faced with @$1.5 trillion deficit and a government shut down the feckless leaders of the worlds super power cut @35 billion. How likely are the significant cuts to spending necessary to get our financial house in order when the President states that 3/4 of that spending is untouchable?  Inflation is the process they will choose. Bonds have sold off to the daily Pivot. Look for updates.

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