The CEO’s who are pressing politicians to compromise on the fiscal cliff are compromising on some of their own issues as well. Many have now abandoned their fight against tax increases for the wealthy. Our first article this week discusses the negotiations. Looking further into the problem of our fiscal deficit, we feature a helpful perspective from John Mauldin. He looks at how our deficit is tied to energy and trade, with the positive energy developments in North Dakota offering potential deficit relief. Finally we end with a summary by Bill Gross of both the headwinds that may slow economic growth and the developments that may mitigate them.
CEO’s Abandon Fight Against Tax Increases For The Wealthy. Pressing for a compromise that could break the deadlock in Washington, D.C., and avert the “fiscal cliff,” a long list of CEOs have dropped their opposition to tax increases for wealthy Americans. big-business-tax-hikes-ok-as-part-of.htm
Peak Oil Or Peak Energy? A Happy Solution. John Mauldin recently visited the Bakken area of North Dakota and writes about shale oil production and its impact on our economy. millennium_121112.ph
Summary Of Economic And Market Headwinds. Bill Gross, Co-Chief Investment Officer at PIMCO, summarizes the major headwinds which may slow down our economy and markets. He also mentions potential offsets in the US of energy and technology developments and even a multi-year housing revival. pimco_120412.php
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John R. Day and Bill Ennis
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