Dancing on the Fiscal Cliff (BIG) (TOL)
It’s all about the ‘Fiscal Cliff’ at this stage – and rightly so. One could argue about how good or otherwise the pace of current economic growth is, but no one doubts it will be in far worse shape should the spending cuts and tax increases take effect. The consensus view is of an 11th hour deal that helps avoid the bulk of the fiscal changes from taking effect in 2013. […]