Steny Hoyer Is Hearing Voices

That's what the NYT told readers today. It quoted House Minority Whip Steny Hoyer as saying:

"The markets have made clear that a short-term extension is not sufficient and would result in very serious consequences." Actually the markets make their sentiments known through movements in interest rates. And these movements show no evidence whatsoever that the markets would be concerned about a short-term extension of the debt ceiling.

If Mr. Hoyer thinks that the "markets have made clear" that a...