Tuesday, October 23, 2012


Or as Mooch calls it, this recovery is huge!

Well, that happened sooner than expected. The presidential election is still two weeks away, and the chattering classes are still talking of binders of women and horses and bayonets. But investors have decided now is the time to start worrying about the fiscal cliff of tax hikes and spending cuts worth nearly 5% of GDP set to hit on January 1. Plus, we're likely to hit the U.S. Treasury's $1.6 trillion debt ceiling sometime in January or February. 

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