The Right Coast

Editor: Thomas A. Smith
University of San Diego
School of Law

A Member of the Law Professor Blogs Network

Saturday, December 1, 2012

What Cliff? Markets See Deal on Horizon -

Volatile reactions to news about the "fiscal cliff" can distract investors, but one reality has emerged since negotiations began in earnest Nov. 16: Markets believe the parties will strike a deal.


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Not to worry - a chap in this morning's FT explained that the markets will have discounted all that. Clever old markets.

Posted by: dearieme | Dec 1, 2012 4:53:24 PM