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Tag: fiscal cliff

Congress passed the “Fiscal Cliff” short-term solution

We emphasize that the understandings between the Democrats and the Republicans prevented an immediate entry of the U.S. economy into recession and led to sharp increases in global stock markets immediately after the agreement announcement. However, it is important to

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Main economic data from U.S. and Asia

U.S Financial markets were affected this week by politicians’ statements regarding the progress (or lack thereof) in finding a solution for the fiscal cliff. In the bottom line it appears that no significant progress was made, though most estimates are that

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