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Ron Paul: Republicans and Democrats are both Keynesian

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Fiscal cliff discussions fail tax hikes vs budget cuts are creating a blame game between republicans and democrats. Today' well cover the recent market rally from the lows on the S&P 500 Index. How much of the market movement has already been priced in. There needs to be entitlement cuts and big government spending needs to be cut because blaming republicans isn't enough.

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In the evening session we expect, precious, base metals and crude oil prices to trade on a positive note on the back of mixed market sentiments along with weakness in the DX. Hopes that the US debt ceiling might be lifted or postponed till May 2013 is also expected to add to the gains. The House of Representatives are scheduled to vote today to pass legislation suspending the government's $16.4 trillion debt limit until May 19, 2013. This might provide republicans to plan to focus on spending cuts which needs to be resolved amongst President Barack Obama and congressional Democrats.... Read Full report here- http://onlinetradingttips.blogspot.com

Republicans and Democrats quickly doled out blame to each other for the first-ever downgrade in the nation's sterling credit rating, an expected but unsettling move that further clouds prospects for the recovery of the fragile United States' economy.