Wednesday, October 25, 2006

President Bush is speaking about Iraq and economy. Elections are less than two weeks away and seem to be more important than prior years. Nancy Pelosi(D) is favored by many to take over as speaker of the house. There seems to be very little positive news out of iraq. Kind of a damned if we do damned if we dont situation. The President seems to think it his divine mission to succeed in Iraq. I dont disagree with him, however changes need to be made.

How would a defeat or a earely withdrawl affect our debt and currency markets? Sadly, I think it would seriously undermine our credibility as the worlds only superpower. The dollar and bonds could really take a beating. Has this occured to the markets? Of course not.

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