Two great things have happened in the last 24 hours. We have thankfully returned to a core tenet of Glass Steagal and enacted the so called Volcker Rule which prohibits banks from using customer money to trade for their own gain. I can't understate how integral this is to bringing stability to our economy and, by extension, the world economy.
And we have a deal that looks like it will pass by houses of Congress and fund the government through 2015. Republicans saw what happened when the shut down the government recently and realized it was time to put the short wave radio crowd back in the garage. They were facing disaster in the 2014 elections and now, with the help of the poor rollout of the ACA, they are doing much better. While there will likely be some return to idiocy, electorally speaking, over the next few months, GOP leaders can see a path to holding ground in the House and maybe picking up some seats in the Senate. Of course, things look pretty bad for them in 2016 as 24 Republicans look to hold on to their seats while only 10 Democrats do the same. But who knows what could happen in 3 years?
So, great times, folks in terms of our economic path. It's going to be interesting to see how our economy does now that both of these issues are out of the way. GDP is up, unemployment is down, and consumer confidence, heading into the final stretch of the holiday season, is at a five month high.