Nothing worth having is easy.
-
As "fiscal cliff" nears, market complacency sets in
Like many on Wall Street, investor Todd Petzel cringed when U.S. Treasury Secretary Timothy Geithner said this past Wednesday that he was ready to let the economy go over the "fiscal cliff" if Republicans would not agree to higher tax rates on the rich. "I didn't think good things would come out of the comment," said Petzel, the chief investment officer at Offit Capital Advisors in New York. "But nothing happened." The rhetoric heated up again on Friday, when Republican House Speaker John Boehner accused President Barack Obama of "slow-walking" the economy to the edge of the cliff. Again, markets brushed it off and ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Dec 10, 2012 11:16am Dec 10, 2012 11:16am
- Patience
- Joined Oct 2006 | Status: Member | 140 Comments
- Comment #2
- Quote
- Dec 10, 2012 12:16pm Dec 10, 2012 12:16pm
- Guest
- | IP XXX.XX.79.5
- Comment #3
- Quote
- Dec 10, 2012 1:25pm Dec 10, 2012 1:25pm
- Guest
- | IP XX.X.28.228
- Comment #4
- Quote
- Dec 10, 2012 3:31pm Dec 10, 2012 3:31pm
- Guest
- | IP XXX.XXX.16.103
- Comment #5
- Quote
- Dec 10, 2012 7:22pm Dec 10, 2012 7:22pm
- Aaronfb
- | Joined Nov 2011 | Status: Member | 139 Comments