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Fiscal cliff

Fiscal cliff

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Share Investor Offline
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#31
02-01-2013, 08:40 AM
Have cut in spending is as imp as tax revenue. It is a balancing act.
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cfa Offline
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#32
02-01-2013, 09:12 AM
All these news about fiscal cliff seemed to be digested by market already ?
“risk comes from not knowing what you’re doing.”
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#33
02-01-2013, 10:13 AM (This post was last modified: 02-01-2013, 10:15 AM by Share Investor.)
(02-01-2013, 09:12 AM)cfa Wrote: All these news about fiscal cliff seemed to be digested by market already ?

Bill passed. Next hurdle...the debt limit. Smile
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cfa Offline
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#34
02-01-2013, 10:55 AM
More like wayang wayang only.
“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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pianist Offline
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#35
02-01-2013, 11:34 AM
plus many people would have gotten good bonus and pumped into the stock market today.
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yeokiwi Offline
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#36
02-01-2013, 01:00 PM
House approves Senate's fiscal cliff deal

http://edition.cnn.com/2013/01/01/politi...?hpt=hp_t1

The U.S. House of Representatives approves fiscal cliff deal, surpassing the 217 votes needed for passage. The final breakdown is 257 in support and 167 in opposition.

Just as expected...
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#37
02-01-2013, 01:12 PM
(02-01-2013, 01:00 PM)yeokiwi Wrote: House approves Senate's fiscal cliff deal

http://edition.cnn.com/2013/01/01/politi...?hpt=hp_t1

The U.S. House of Representatives approves fiscal cliff deal, surpassing the 217 votes needed for passage. The final breakdown is 257 in support and 167 in opposition.

Just as expected...

The moment the House rejected the option of having amendments to spending cuts, it is expected that they would approve the option of adopting the Senate deal wholesale. Smile
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specuvestor Offline
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#38
02-01-2013, 03:34 PM
The cliff is not over yet. Markets need time to digest the headlines. The bill is mainly about taxes. The fiscal spending is pushed to end Feb together with the debt ceiling debate. Mark that date Smile
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

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Musicwhiz Offline
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#39
02-01-2013, 03:38 PM
Somehow the US always seems to come up with something to save ther skins. I call it "delayed doomsday" - not solving the problems, simply postponing them.
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#40
02-01-2013, 04:19 PM
(02-01-2013, 03:34 PM)specuvestor Wrote: The cliff is not over yet. Markets need time to digest the headlines. The bill is mainly about taxes. The fiscal spending is pushed to end Feb together with the debt ceiling debate. Mark that date Smile

If the deal to increase debt limit is delayed, the US will get its credit rating downgraded again. There will come a time when debtors feel enough is enough.
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