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So nothing concluded, will DJ tank tonite ?
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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(31-12-2012, 09:29 AM)Musicwhiz Wrote: (31-12-2012, 09:19 AM)cfa Wrote: So nothing concluded, will DJ tank tonite ?
On a lighter note, all I can say is - it must be super stressful as a USA politician!
It is going to be a interesting New Year. I hope it does not start with tax increases.
You can count on the greed of man for the next recession to happen.
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Fiscal cliff and debt ceiling are related but not the same thing
Debt ceiling is primarily concern with the ability for US govt to pay. With US$ as the reserve currency, that is not really the question. The ceiling was there as a political reminder to White House to keep fiscal constrain. It is not the same as US unable to pay.
Fiscal ceiling is more serious because it was a compromise by the parties during last year's debt ceiling debate. The increase in tax and decrease in spending will hurt US GDP growth. I think Eurozone will be in recession this year and if US too, it will not be positive.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
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Rather surprise to see market reacting not too negatively to their failed discussion. Many thought they would be heavy selling this morning in Asia.
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EU markets don't like the stalemate, all in red.
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.