I have gone either cash or short the markets here. If the US invreases their debt ceiling as the ACE says its just going to delay the inevatable and make it worse. They need to raise taxes and reduce spending, if they do either or both then economy will slow down and be less requirement for commodities etc This will mean slowdown for China with a slowing Europe and US. Anyway you look at it there is going to be pain ahead, how much and how fast is the question.
