Back on November 7th of last year, right after the midterm elections, I made the prediction that the Republicans won't raise the debt ceiling. Rather, they'd come up with some cockamamie scheme to "deal" with it with spending cuts.
So, here's what I said will happen.
However...if they DO raise the debt ceiling and pass a budget that is anything near what Obama has proposed (7% spending increase), then the stock market will go crazy. Buy, buy, buy. And most likely, the dollar's long rise will be over at least for now.
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