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Next Steps: Fiscal Cliff

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Zero Hedge
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 (and in more detail here and here), there is now a 55% chance we go over the cliff (given the status quo of no compromise) and the market is a long way from pricing that kind of GDP shock

Next Steps: Fiscal Cliff 20121106 cliff 0

 

 

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


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

This article was posted: Wednesday, November 7, 2012 at 7:25 am





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