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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]

Next Steps: Fiscal Cliff 20121106 cliff 0 [7]



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

Next Steps: Fiscal Cliff CBO%20Future%20Debt 0 [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

[10] MORGAN STANLEY: The Solution To The Fiscal Cliff Will Be Another Fiscal Cliff: http://www.prisonplanet.com/morgan-stanley-the-solution-to-the-fiscal-cliff-will-be-another-fiscal-cliff.html

[11] Here’s An Insane Chart Showing Just How Much The Fiscal Cliff Is Being Hyped: http://www.prisonplanet.com/heres-an-insane-chart-showing-just-how-much-the-fiscal-cliff-is-being-hyped.html

[12] Odds Of Debt Ceiling/Fiscal Cliff Deal By Year End Plummet To 16% On InTrade: http://www.prisonplanet.com/odds-of-debt-ceilingfiscal-cliff-deal-by-year-end-plummet-to-16-on-intrade.html

[13] Barack Obama ‘eager’ to fall off fiscal cliff, says senior Republican senator: http://www.prisonplanet.com/barack-obama-eager-to-fall-off-fiscal-cliff-says-senior-republican-senator.html

[14] Fiscal cliff deal could elude Congress: http://www.prisonplanet.com/fiscal-cliff-deal-could-elude-congress.html

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