Submitted by Tyler Durden on 11/06/2012 23:43 -0500
Gross Domestic Product
New Normal
Tonight it's all Obama-corns and Biden-faeries but the market is already 'adjusting' to the new old new normal regime. Unfortunately in 'Obama II - This Time Its Different' the odds of going over the Fiscal Cliff just got real. As we noted here (and in more detail here and here), there is now a 55% chance we go over the cliff (given the status quo of no compromise) and the market is a long way from pricing that kind of GDP shock..
charts and more,,,,,,,,,,,,,,,,
http://www.zerohedge.com/news/2012-11-06/next-steps-fiscal-cliff

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.