More can kicking....

So apparently the crisis is over. The Republicans caved in and now a budget a raise of the debt ceiling limit will ne signed by Obama later today. 

Rejoice, rejoice. 

Except the crisis isn't over. All they've done is put it off till January and February, when the new authorities expire. So we shall reconvene on this with a hangover in early January. And in the meantime the uncertainty persists, leaving a small economic hangover in it's wake as firms delay investments and spending. 

Meanwhile, in civilisation, the UK is doing quite nicely. I still like my long £ versus €.