A Critical Juncture
This commentary originally appeared at 8:33 a.m. EDT on July 6 on Real Money Pro -- for access to all of legendary hedge fund manager Doug Kass's strategies and commentaries, click here.
It is becoming increasingly clear that global easing (both in the U.S. and abroad) is losing its marginal benefit and that the onus of economic and corporate profit growth lies squarely on the shoulders of fiscal policy. The likelihood of fiscal inaction and the associated policy uncertainty (taxes, monetary and regulation) are about to weigh down corporate results (possibly for some time)....651 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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