Congress and a White House can significantly alleviate a initial impact of a “fiscal cliff” even if they destroy to strech a concede by Dec. 31. One thing they can't control, however, is a financial markets’ reaction, that presumably could be a furious sell-off that triggers mercantile reversals worldwide.
The batch market’s unpredictability is maybe a biggest furious label in a domestic showdown over a mercantile cliff.
President Barack Obama’s re-election gives him a clever negotiating hand, as Republicans are increasingly acknowledging. And some Democrats are peaceful to let a Dec. 31 deadline pass, since a unreasonable of broad-based taxation hikes would vigour Republicans to give some-more belligerent in renewed deficit-reduction negotiations.
A arch fear for Obama’s supporters, however, is that Wall
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Source:
http://www.ezonearticle.com/2012/12/10/cliff-talk-failure-could-trigger-a-sell-off/
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