Boehner, bain of the recovery

For some time now prospects for global equities have steadily ticked up. The first signal was the significant fall in volatility in the Euro as Eurozone leaders coordinated various moves to allay investors' fears that the whole edifice would crack and collapse. Another key was the dawning perception that US housing's long slump was over. Now it is common to read about how the number of new homes built is outstripped by household formations. In reality this is a big pendulum swing that's been under way for some years. If we look at the four major economic zones, US, Eurozone, China and Japan it is possible to paint quite a positive synchronised recovery picture for 2013 - not stellar but moving in the right direction, and still accompanied by very low global interest rates. In such a world, where do you wanna be? In equities, has been my call and still is. Enter stage right, the dysfunctional US political system led by the Republicans under John Boehner. Fiscal cliff is all you've been reading about for weeks and they are still bickering more than ever. If I was American I'd vote Republican, but this is ridiculous. America needs to avert the cliff now and restructure it's entire tax system shortly thereafter. It's simple arithmetic, stupid. The clock is ticking on the national debt, fast. But they continue to play silly brinkmanship. Obama won the election, move on. The QSL is from WCKY, Cincinnati, Boehner's home town, heard on AM 1530 in Cape Town way back in 1968.