USA rejoices at “Shutdown”

Day One of President Obama’s “shutdown” left the US stock-market happy and moving up. Everybody had worked out that limiting the US government’s budget would lead to a “slim-down” of government spending, and not a “shutdown” at all. The President was just trying to panic people, and his ploy failed.

A slim-down of the US government’s reckless spending was exactly what every businessperson wanted. It gave them confidence in a sane financial future. So the stock-market moved up.

Were there losers? Yes, and there should be no sympathy for them. These were the non-patriots who had bought gold, in the hope that the US would panic, and that the stock-market would crash. Gold prices dropped instead. Serve them right!

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