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Next Steps: Fiscal Cliff

Posted By admin On November 7, 2012 @ 7:25 am In Money Watch | Comments Disabled

Zero Hedge [1]
Nov 7, 2012

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 [2] (and in more detail here [3] and here [4]), there is now a 55% chance we go over the cliff (given the status quo of no compromise [5]) and the market is a long way from pricing that kind of GDP shock [6]

[7]

 

 

As for what comes next, here’s a hint: “Extended Alternative Fiscal Scenario [8]


[9]


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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/2012-11-06/next-steps-fiscal-cliff

[2] here: http://www.zerohedge.com/news/2012-10-25/presidential-election-preview-1-timeline-and-fiscal-cliff-flowchart

[3] here: http://www.zerohedge.com/news/2012-10-06/goldman-not-so-good-bad-and-ugly-fiscal-cliff-scenarios-remain

[4] here: http://www.zerohedge.com/news/2012-10-09/everything-you-need-know-about-resolving-fiscal-cliff-were-afraid-ask

[5] status quo of no compromise: http://www.zerohedge.com/news/2012-10-04/goldman-neither-democrats-nor-republicans-look-inclined-budge-fiscal-cliff

[6] market is a long way from pricing that kind of GDP shock: http://www.zerohedge.com/news/2012-10-08/why-market-should-not-expect-bounce-if-fiscal-cliff-compromise-reached

[7] Image: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/11/20121106_cliff.png

[8] Extended Alternative Fiscal Scenario: http://www.zerohedge.com/news/cbo-will-need-bigger-chart-forecast-exponentially-rising-us-debt

[9] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/05-2/CBO%20Future%20Debt.jpg

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