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Budget compromise still leaves a big cliff with next crisis coming in late February
The last minute Congressional compromise prevented the worst case scenario regarding the fiscal cliff, in which large tax increases and budget cuts of 4% of GDP threaten to cause a recession.
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Research Studies
DE | Sinai Economic and Market Perspectives | Seeds of A Sovereign Debt Crisis Planted – 02/03/21
Seeds of A Sovereign Debt Crisis Planted Allen Sinai* The U.S. and Global economies have undergone a fiscal/debt revolution of huge import from which there will be no turning away! The main catalysts are the read more
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