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Morning six-pack: What we're reading Thursday

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Happy Thursday. The debt crisis is over; long live the debt crisis!

We may have a deal, but China, like Tommy Lee Jones, is not impressed, as the Dagong ratings agency has downgraded U.S. debt. (Reuters)

Notice to newspeople: When evaluating the ineffectual nature of what just happened, kindly avoid trite references like "kick the can." Instead, how about "another giant swat of the can of fiscal responsibility down the dusty road of time"? Ahh, now you're talking. (Deseret News)

Congress as Scrooge: Retailers worry (because that's what retailers do) that the debt drama will cut into Christmas spending. (MediaPost)

Next up for the Republicans: Putting the party back together. (Boston Globe)

Thursday was looking at not being such a great day for the markets, despite the debt denouement. Blame IBM. (Invests.com)

And, finally...on the other hand, a post-deal selloff was kind of easy to predict. CNBC.com's Patti Domm did, anyway.

—By CNBC's Jeff Cox. Follow him on Twitter @JeffCoxCNBCcom.

Wall Street

  • Robert Shiller

    Nobel Prize-winning economist Robert Shiller says that his key valuation indicator is flashing warning signs.

  • Lael Brainard

    The Fed is in the early stages of an analysis on changes in bond market liquidity, amid signs that liquidity may be less resilient than in past.

  • Bill Gross

    Janus Capital acquired a majority interest in Kapstream Capital and said Kapstream's Palghat will support Bill Gross as co-portfolio manager of the Janus Global Unconstrained Bond strategy.