Two months ago, I said Washington had no plans to block the
fiscal cliff inevitability. The political parties are just looking for ways to have the other blamed. It
looks like my prediction is likely to come true. The markets will react negatively, initially, but recover in reasonable
time because the changes about to happen on Jan 1’st are a necessary good. The market will react to a
future of Washington incompetence and not to the fiscal cliff.
Remember Y2K? Planes were predicted to fall from the
sky. Nothing has changed in world of media hype. Below is another hyped story. Tired yet of being a pawn?
STORY
HIGHLIGHTS
- The U.S. Postal Service is bleeding money and heading toward insolvency
- Congress can save the postal service in deal on the fiscal cliff
- Urgency is clear
- Washington dysfunction can doom the postal service
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