The governator has ordered California’s legislator back into session to close the state’s $24 bln deficit.
As, Ronald Reagan. another California governor once said, the deficit is big enough to take care of itself…
EUR/USD has eased to the 1.4150 level as the reflation trade suffers an afternoon power outage. The S&P is up about 0.7% after being up 1.5% earlier today. Support is at 1.4125, where we were when the Chinese/G8 news hit the tape near midday in New York.
