Good Chance of One Spike
The key story in the financial media today is weakness in retail sales. The easy and convenient explanation for the weakness is that uncertainty about the financial cliff caused people to hold back.
Maybe the fiscal cliff is having some impact, but I suspect that cautious spending is due to more fundamental concerns about the economy. I have yet to hear anyone who thinks that a fiscal cliff deal is going to be a major positive catalyst. It does remove some uncertainty, but many are afraid that the combination of higher taxes and less spending will only make the problems worse....197 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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