Argent Quarterly Investment Commentary – September 2013
“You can’t always get what you want” – Mick Jagger
It is a well-known fact that light travels faster than sound. Some say that is why many in public office appear bright…until you hear them speak. We were reminded of that in recent weeks watching our elected officials in Washington debate the double whammy of a government shutdown and a potential default. The result from the weeks of each side playing the blame-game? Not much, other than a Continuing Resolution to keep the government operating through January 15, 2014, and the Treasury to keep borrowing through February 7.