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Ditching Before The Fiscal Cliff

johnm h Wrote: Dec 07, 2012 12:11 PM
More supply, if they weren't selling, prices would be higher, signaling more fears about the future to those who need further evidence..

Turn on the TV and this is what you'll hear: The US budget is heading for a fiscal cliff. If a deal isn't reaching in Congress by the end of this year, a combination of automatic tax hikes and budget cuts will sink America into economic depression. There is no escape.

Of course, my readers know that the fiscal cliff is merely an example of the piper having to be paid. The problem isn't the bill, but that we ran it up so high in the first place. Any deal to avoid the cliff...

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