XJO 0.46% 7,990.3 s&p/asx 200

fiscal cliff monday, page-20

  1. 420 Posts.
    Amhtet

    Correct. These tax hikes and spending cuts are going to hurt the US economy. Steve Liesman estimates 1.2% neg GDP effect.

    Meanwhile debt ceiling issue unresolved and they're over the limit so Geitner has been forced to cook the books.

    I suspect the market will move on how the ratings agencies spin it.
 
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