Monthly Archives: December 2012

The US’s “EU Style” Negotiations Will Without a Doubt Take Us Over the Cliff

Ever since the EU Crisis began in earnest in January 2010, EU leaders have maintained the following strategy: 1)   Engage in endless meetings/ discussions, none of which resolve anything. 2)   Announce that the situation is resolved. 3)   Wait for the world to realize nothing has been fixed. 4)   Repeat. The

Two Economic Developments Every Investor Needs to Be Aware Of

Last week I outlined the reason why we are very likely going over the fiscal cliff: there are little if any political incentives for the GOP or Dems to fix the problem; the best option politically is to let us go over the cliff and then offer targeted tax breaks