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Next Steps: Fiscal Cliff

By: capt_nemo in ROUND | Recommend this post (0)
Wed, 07 Nov 12 9:22 AM | 56 view(s)
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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




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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.




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