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Saturday, January 5, 2013

QUICK THOUGHT: After the "Fiscal Cliff"

The worst parts of the fiscal cliff would have been the consequences of market speculators reacting to the government doing nothing to avoid it.  An unjustified panic. In order avoid these actions by market speculators the government had to do "something."  The government did something which was practically nothing and so the consequences of these speculators actions, the worst of the fiscal cliff: was avoided...


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