Falling Off the Fiscal Cliff?
With the uncertainty of the Presidential election looming and even greater uncertainty about how Congress will tackle our fiscal woes, many are concerned that the United States will soon fall off a Fiscal Cliff. Although no one could deny that this is a possible outcome, most economist seem to believe that a less dramatic outcome will prevail.
In September 2012, two bright minds at PIMCO weighed in on this subject in a piece they titled Falling Off the Fiscal Cliff? Their position, that Congress agrees on many issues and therefore will avoid a catastrophic outcome is a view that is shared by many, including myself. If you have an interest in this subject, I encourage you to view the entire article by clicking the following link. Click Here