It is my opinion that no matter happens, the fiscal cliff will not be solved. More appropriately, the can will just be kicked down the line so that it is someone else's problem. That said, Intrade traders are predicting there is about 50/50 chance that Washington will piece together some package.
This is a significant improvement since the end of last week, where traders put the odds at about 20%. In any scenario, I would still position portfolios for an economic environment that encompasses further money printing, increased borrowing by governments, and viscous swings in the economy.
This is a significant improvement since the end of last week, where traders put the odds at about 20%. In any scenario, I would still position portfolios for an economic environment that encompasses further money printing, increased borrowing by governments, and viscous swings in the economy.
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