Impact of the Fiscal Cliff Deal on the Economy
The Impact of the "Fiscal Cliff" Deal on the Economy
Uncertainty is an archenemy for investors. The “Fiscal Cliff” legislation that passed Congress has alleviated some of the uncertainty and avoided some of the economic damage that weighed on the equity markets through the last months of 2012. Equities are rallying as an initial expression of investor relief. Realistically, however, Washington has merely kicked some of the important issues down the road – again – and has simply set the stage for another rancorous round of political brinksmanship in just a few weeks.