No budget deal: Now what?

  1. Quilligrapher profile image91
    Quilligrapherposted 5 years ago

    http://s4.hubimg.com/u/5866171_f248.jpg

    Fidelity.com  -- Nov. 23, 2011

    "Keep an eye on rating agencies' reactions. Expect more market volatility. 2013 is key.

    Now that the Super Committee has failed to reach a deal to reduce the U.S. budget deficit by its November 23 deadline, the question on investors' minds is: What's next?

    The debt limit will increase by $1.2 trillion next year, and a budget sequester will be triggered resulting in $1.2 trillion in spending cuts beginning in 2013 (unless modified by Congress). So what does this mean for the economy and the stock and bond markets?"
    https://guidance.fidelity.com/viewpoint … il_monthly

    1. profile image61
      geordmcposted 5 years ago in reply to this

      What it means is that we're F@#KED.

 
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