US Fiscal Moment: Cliff, Slope, or Wile E. Coyote? (via
Market Shadows)
Courtesy of ZeroHedge. View original post here. The overhwelming majority of investors seem to believe that some compromise will be reached to resolve the looming fiscal drag, and as we noted here, this fact is more than priced into markets. As Barclays notes however, a big deal that encompasses entitlement…
cliff, fiscal cliff, Wile E, markets, debt ceiling, negative election campaign, Alternative Minimum Tax, sensible deficit reduction, deficit reduction plan, Coyote, fiscal cliff cuts, coyote moment, S&P 500, tax cuts, significant fiscal tightening, View original post, German ten-year bond, best known moments, European financial difficulties, fiscal drag, tax withholding tables, Bush tax cuts, fiscal issues, across-the-board spending cuts, payroll tax cut, painful 180-degree turn, Medicare doc fix, Treasury debt payments, Obama Care taxes, weak stock market, investors, bigger deal, big deal, tax reform, last-minute deal, overhwelming majority, Washington, bad deal, investor uncertainty, medium-term growth, 180-degree reversal, bond markets, broader point, debt-ceiling debate, Ethan Harris, …positive developments, new date, dangerous way, small adjustments, Last summer