No. of Recommendations: 2
If you wish to keep abreast of this country’s ECONOMIC status--not birth control or aborting baby human beings or gays getting married--you might consider subscribing to the Mauldin Economics newsletter, a non-partisan look at where this country is headed FINANCIALLY.

Excerpt: Bad news (and hope) on the fiscal cliff

By Ed D'Agostino, Publisher, Mauldin Economics | November 7, 2012

By this time, the election is no longer breaking news. America chose four more years of Obama, yet that may not be the most consequential part of last night's election. What may matter most—in hindsight—is what happened to Congress. Or what didn't. Vote by vote and district by district, America kept a split Congress. While the players have changed (somewhat), it's this split Congress that paralyzed American politics for the last two years. It was this split Congress that could not come to terms on the debt ceiling and made the fiscal cliff bigger. It's this split Congress that made predicting what comes next out of Washington—and what happens in the markets as a result—so difficult. Bad news. With no big changing of the guard in Washington, we may see more uncertainty. More gridlock. More wrangling. One commentator said that the next election cycle starts today. He may be right - and that's unsettling news for our economy. We've said it before: we can't afford partisan bickering and kicking the can for another election cycle. Enough is enough. We have to take serious action to address our deficits, or we may be seeing Reinhart and Rogoff's "Bang Moment" faster than any of us expect. And yet, there may be a glimmer of hope. An article today in the Financial Times quotes John Boehner, Republican Speaker of the House of Representatives. He said: "With this vote, the American people have also made clear that there is no mandate for raising tax rates... If there is a mandate, it is a mandate for both parties to find common ground."

More about the online event at: http://postelectioneconomy.com/?ppref=MEC011HP1112A
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement