Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

"It would be much better for fiscal policy makers to simply remove the cliff," writes Strategas,...

  • Monday, November 19, 2012, 1:51 PM ET
    "It would be much better for fiscal policy makers to simply remove the cliff," writes Strategas, noting negative economic growth typically brings with it a drop in the S&P of about 30%. Negative economic growth? It's sure to come. David Kotok reminds the hit to households from the tax increases will be 5-7%.
Track new comments on this story

This news story has 2 comments:

  •  
    Wouldn't simply removing the financial cliff, rather than doing something constructive, show that there is no determination to solve the debt problem and cause an even greater economic crisis that the cliff?
    19 Nov 2012, 03:06 PM Reply Like
  •  
    "David Kotok reminds the hit to households from the tax increases will be 5-7%."

    But fewer and fewer households are paying taxes so the impact won't be wide spread. Yeah, right.
    19 Nov 2012, 06:34 PM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)
Latest Macro Articles
More Latest Articles »