The warning bells are ringing, and they are ringing loudly. We've already allowed bad economics to lead to bad politics. Now, it's high time to put a stop to the cycle where bad politics undermines an already fragile economy.Foreign Policy
Why Bad Politics = Even Worse Markets
Mohamed A. El-Erian | CEO and co-chief investment officer, Pimco
(h/t Zero Hedge)
Good summary of the craziness and how markets are reading it.