Economic Insights – November 2013

The big economic story last month was the U.S. government shutdown and incremental extension of the Federal debt limit.  After that was all over, the S&P 500 hit a new high.

Why?  The markets saw hopeful signs in this confrontation that we're near the end of the status quo.  The shutdown and debt ceiling fights are just the beginning. 

Like Greece, Italy, Spain, Illinois, Detroit, and many other national and local governments, the U.S. has made promises that are essentially impossible to keep, not just to today's older worke.....