Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Ok so the markets rallied on the back of rumours that this was going to happen. if various politicians decide this just isn't going to happen will we see further failure on Monday?

Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Sun Sep 21st, 2008 at 04:50:46 PM EST
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Depends.  What I outlined above on what I think is likely to happen, give or take a bit here and there, will probably leave the markets a disappointed, since they'd love for us to give away the store, but it shouldn't have any giant negative effect.

If, however, nothing happens, then we're back to where we were on Tuesday, and I think the downward trend will continue.

Be nice to America. Or we'll bring democracy to your country.

by Drew J Jones (pedobear@pennstatefootball.com) on Sun Sep 21st, 2008 at 05:03:17 PM EST
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Maybe not on monday, but the longer the legislation is delayed the more likely a crash is.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Sun Sep 21st, 2008 at 05:19:12 PM EST
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