Time turns trend. - W.D. Gann
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Fiscal Cliff: Will A 1937 Repeat = 2013 Dead Meat?
The presidential election is upon us and markets around the globe are beginning to factor in the results. More importantly, in my view, will be the post-election results of the "fiscal cliff" discussions, which will determine whether $600 billion in automated spending cuts and tax increases will be triggered. Similar dynamics in 1937 existed when President FDR (Franklin Delano Roosevelt) felt pressure to balance the budget after his 1933 New Deal stimulus package began to rack up deficits and lose steam. What's Similar Today Just as there is pressure to cut spending today by Republicans and ... (full story)
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