We are now post QE3 and post 2012 election -- and the market focus has shifted. The new focus -- repeated over and over ad nauseum -- is the matter of the "fiscal cliff." Pundits, politicians, CEOs and economists continue to weigh in on the political deadlock in Washington. The message -- please reach a compromise that avoids the scheduled tax hikes and spending cuts. Little mention is being made of the approaching debate in Congress on the matter of the debt ceiling. Perhaps the reason is that we can only tolerate one major economic crisis at a time. It really doesn't matter though, as we must still deal with the ... (full story)