After all the finger pointing in the past, I'm surprised that President Obama and the Republican majority house have been relatively silent with the debt ceiling deadline nearing again. I wonder why?
I've been expecting a full blown political positioning by both sides, which would have created significant volatility and downward pressure for the stock market, and therefore, created a buying opportunity for me.
The debt ceiling issues has been pushed off to mid May, 2013 with a Congressional plan to temporarily suspend the debt ceiling.
Congress can't do this forever, so I expect the brinkmanship to return before the end of 2013.
For more on Reflections and Musings, check back every Saturday for a new segment.
This is not financial or policy advice. Please consult a professional advisor.
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