howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#1
nothing to do with the peter pan of pop, but of the u.s. doing the dead opposite of what george(plus our blue members and peter) want to do here, yet the markets rise.
http://www.independent.co.uk/news/world/americas/back-from-the-brink-us-fiscal-cliff-deal-sends-londons-ftse-100-index-soaring-through-6000-barrier-8434832.htmlGuest 655- Registered: 13 Mar 2008
- Posts: 10,247
#2
I have posted on this Howard.
The market rise is a response to a deal being done rather than the unknown alternative of hitting the 'cliff'. The markets do not like uncertainty. I consider it to be a short term response pending a correction/profit taking - probably before the end of the week. Better UK production figures than expected have also contributed to the rise.
The US have a particular problem. The fiscal cliff is a massive double whammy of tax rises and spending cuts. It is what that mix should be that is the problem here. Obama wants bigger tax rises and lower spending cuts while the Republicans want it the other way around.
May I remind you of the US 'jobless' recovery (so called) compared to our 'job creating' second dip!!! I know which I prefer!
Incidentally - you cannot compare the UK and US situations in the way you suggest as they are remarkably different.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#3
missed it barry anyway welcome back trust you enjoyed your break.
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,948
#4
the forum went on though howard lol
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