Posted on 12/19/2012 7:15:21 PM PST by SteelToe
Blah blah Fiscal Cliff blah. Blah blah blahdy blah Cliff. Cliff blah blah republicans blah democrats blah blah blah blah. Blah blah blah blah, blah blah, blah blah blah blah blah, blah blah, Cliff. Blah blah blah blah, blah blahdy blah.... Blah.
Meanwhile in Europe: The only data point confirms what everyone knows - reality sucks, hope surges. As usual.
German Ifo business confidence rises to 102.4 from 101.4, on expected rise of 102. Why the rise? Because forward expectations spike from 96.4 to 97.9. As for the "current assessment"? Why down of course from 108.1 to 107.1, on expectations of 108.0. Apparently in the long run everyone will either be dead, or live in an economic utopia. Just don't opt for the Buddhist route.
(Excerpt) Read more at zerohedge.com ...
Disaster is right. By our political and crony class.
If we taxed politicians and the media a dollar for everytime they said “fiscal cliff” or “kicking the can down the road” - I think we’d be out of debt by now.
Disaster is right. By our political and crony class.
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