• Government continues debt ceiling impasse
• Price of oil and gold remain high and reach new record
• Fears of European debt contagion reflect in bond valuations
• Consumer sentiment drops to 2009 Q1-Q2 levels
• Dow Jones Industrial average down less than 100 points
• Italian government also votes for fiscal tightening
• Fed Chief Bernanke reports positive expectations for 2011 Q3-Q4
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