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Jim C.
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An Emerging Consensus to Go Over the Fiscal Cliff?

- Tim Iacono - Iacono Research

This year end 'fiscal cliff' is but a small waterfall compared to what we're just experienced. On Nov 6th we went over Niargra Falls (sans barrel) when the majority voters decided to partake of the minority's assets -- and abetted by the Democratic Party as a means of retaining power. We are now in the London of Oliver Twist with Fagin in charge leading a chorus of "We've going to pick a pocket or two."

Worry about year end 'fiscal cliff'? Imagine a man just having had his throat cut concerned about stubbing his toe.

Commented 4155 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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