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"If you're going to panic, do it fast and beat the crowd." ~ Jesse Livermore

Tuesday, December 18, 2012

UK already jumped the fiscal cliff

'Fiscal cliff'? Britain has already jumped.
Washington Post
NEWPORT, Wales — Is this what life on the other side of the “fiscal cliff” looks like? If President Obama and congressional Republicans fail to reach a deal in the coming weeks, Americans face a fierce wave of tax hikes and spending cuts that could ...

Analysis: Boehner opens door to tax hikes, shifts fiscal cliff talks
WASHINGTON (Reuters) - U.S. House of Representatives Speaker John Boehner's offer to accept a tax rate increase for the wealthiest Americans knocks down a key Republican road block to a deal resolving the year-end "fiscal cliff." The question now boils ...

Forecast Is Sunnier, but Washington Casts a Big Shadow
New York Times
That dismal pace is driven partly by drags from Europe's recession and China's slowdown; partly by companies readjusting after potentially overstocking their back-room shelves in the third quarter; and largely by worries about the so-called fiscal ...

New York Times

ESM head Klaus Regling sees euro zone debt crisis overcome in 2-3 years
Economic Times
BERLIN: The head of the euro zone's permanent bailout fund, Klaus Regling, was quoted on Saturday as saying it will take another two to three years to overcome theeuro zone debt crisis. "We're more than half way there," the head of the European ...

Economic Times

German economy not immune to EU financial crisis: ECB
Press TV
No country is immune to the effects of the (EU) debt crisis. Not even the German economy,” said Liikanen on Saturday. “There are a number of indications that the economy is getting weaker … across the euro zone,” he added. The remarks came after ...

Press TV

Economic slowdown throughout euro zone a worry for ECB: Liikanen
On Dec 7. the central banks of Germany and Austria forecast barely any economic growth in 2013, with the Bundesbank flagging risks of a recession in the euro zone's biggest economy as the debt crisis hits the bloc's core. (Reporting By Erik Kirschbaum; ...

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