Juggling Dynamite

Good discussion on the unrealistic assumptions underlying both sides of the political aisle: Christopher Whalen, Tangent Capital Partners, and Dan Greenhaus, BTIG chief global strategist, discuss the implications of going over the fiscal cliff, and provide an outlook on the markets next year. Here is a direct link.

Austerity is a common theme in developed economies today as most governments struggle to take hold of runaway deficits and debt. Sadly it is a necessary pain well earned over the past 20 years of fiscally suicidal policies and behaviors. Britain was one of the first developed countries to start down this multi-year journey back toward saner budgets. This report looks at some of the real life impacts. Katie Barnfield went up to Manchester to look at how it is affecting that city. Here is a direct link.

I missed this discussion last week when the Economic Cycle Research Institute’s Lakshman Achuthan was doing his other media spots. This segment is a little longer and so offers some added context and insight for their 2012 recession call.Here is a direct link.