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overtheedge
Member since May 2012
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An Emerging Consensus to Go Over the Fiscal Cliff?

- Tim Iacono - Iacono Research

I would be more amazed if we don't go over the cliff.

Two possibilities.
#1 Both sides knew this agreement was the only option. Blame the other side for it being so onerous because they wouldn't bargain..
#2 Both sides knew the other side would find this too onerous and come back to bargain.

The difference between medicine and poison is dose. The nation could recover from what would be a fatal dose to politicians.

Commented 4147 days ago

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Beginning of the headline :In last weekend’s commentary for the investment newsletter, I put the odds of going over the “fiscal cliff” at about one-in-five, meaning that I figured there is about an 80 percent chance that, somehow, a deal will get done in Washington to avoid most of the tax hikes and spending cuts slated to go into effect on January 1st... Read More

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