Category Archives: Fiscal Cliff Monitor

Bowles and Simpson Weigh In – Leaders Need “Courage”

Erskine Bowles and Alan Simpson weigh in on the deal with their just released statement.  The upshot? Leaders need to show more courage to tackle tax reform and entitlements. For Immediate Release Date: January 1,2013 Contact: Jon Romano (romano@fixthedebt.org), 617-435-6613 … Continue reading

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Done Deal

But not a good deal.  See here. More political circus to come in the next few months. For now, however, let’s ride and enjoy the unleashing of the equity bulls.  The U.S. has some catching up to do. (click here … Continue reading

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On The Edge

(click here if infographic is not observable)

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Market Dances to the Tweet of a Cantor

Nice reversal! House Majority Leader, Eric Cantor, may not be able to move votes, but he certainly moved the market and gave investors a nice Christmas tweet at 3:05 pm today. Not expecting anything big,  however.  Just a bridge to … Continue reading

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…Just Like the Titanic, But It’s Full of Bears!

Tonight’s Politico headline, Fiscal cliff deal increasingly unlikely. The Secretary of the Treasury announces after today’s market close the U.S. government will hit its debt limit on New Year’s Eve and will be forced to take emergency measures to avoid … Continue reading

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‘Toon of the Day

Hope all the GMM readers had a great holiday. The ‘toon captures just about 100 percent of what the market will be focused on for the rest of the week year. (click here if cartoon is not observable)

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Cue ‘Plan C’ Cliff Aversion Scheme

President Obama proposed a package of middle-class tax cuts and unempoyment benefits as a temporary solution to the looming ‘fiscal cliff.’ White House correspondent David Nakamura says Republicans may face pressure to pass the measure. Hope the pols have, at … Continue reading

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Feliz Navidad! Not!

Leave it to the pols to ruin Christmas.   Now it’s either a purely Democratic cliff bill or nuttin’, honey.    Good luck passing the debt ceiling. The House Republican Conference turned its back on Speaker John Boehner Thursday, forcing GOP … Continue reading

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Repressed Fear

This nice chart comes to us from the  Leuthold Group via Bloomberg.   It illustrates that market fear or risk aversion is at its lowest levels since the 1980’s!  Yikes! The Leuthold Group constructs their Risk Aversion Index (RAI) with a … Continue reading

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Angry Washington Elves Take Down Market, VIX spikes

He’s an angry elf. – Buddy,  Elf Leave it to the politicos.   They were the windshield,  we, the bug today. Doesn’t seem like they are gonna move and get it done. The VIX was up almost 12 percent today, the … Continue reading

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