A Snapshot In Charts: You Are Here
from Zero Hedge:
While there was clarity in the recent election results – there will not be any impending vote recounts that would leave control of the country hanging in the balance – Tuesday night’s results did nothing to change the basic dysfunctional dynamic between the two political parties. Now the fiscal cliff will have to be addressed in the coming lame duck session, and it won’t be easy to find a solution… Victory guarantees the president nothing more than the headache of building consensus in a gridlocked capital on behalf of a polarized public, that has become tired of struggling with heightened uncertainty. In Abe Gulkowitz’s latest ‘The Punchline’ note below, reiterates his concerns regarding the growing gulf between the behavior of investors enamored with monetary largess and the realities on the ground of globally weak economies… Add the risk of more corporate-earnings disappointments and we have a situation that needs remedying. His 17-page one-stop-shop of unvarnish everything everywhere truthiness is a must-read.
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