Regarding the election, this news isn't likely to have much of an impact. There are very few undecided voters left and as this change was no shocker in either direction, it won't likely change any minds right or left.

The bastion of high finance, the IMF, has come out against austerity. Can Mitt be far behind? Look forward to the next debate, when Romney's new "etching" will no doubt have him denouncing the president for his jobs program, while suddenly offering up his own version to get the economy going.

With interest rates at a historic low, and a huge supply of surplus skilled labor, it's hard to imagine a better time than now for the U.S. to borrow a lot of money to strengthen its infrastructure.