The New View From the Cliff
The implications of the agreement reached to avoid the fiscal cliff are being sifted through various filters and prisms: the political implications, the possible macro-economic ramifications, and, of course, the likely impact on businesses, and by extension, the stock market.
Interestingly, the business/market impact is probably the clearest and least ambiguous of all. The down-to-the-wire deal represented the triumph of a popular demand for clarity, certainty, and fundamental prioritizing of the public welfare above any particular political or even ideological perspective. Faced with a paralyzed business community, and an about-to-be-shell-shocked taxpayer base (who would have punished the economy with a spending meltdown), both sides of the aisle elected to grit their teeth and come to an agreement....481 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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