Exact(39)
Those numbers were unexpectedly bright, given the impact of Hurricane Sandy and business fears about the potential fiscal crisis next month.
Leadership aides emphasized that Mr. McConnell was not advocating any specific plan, nor was he saying that extending the middle-class tax cuts was the only option to resolve a potential fiscal crisis next month when hundreds of billions of dollars in tax increases and automatic spending cuts are scheduled to kick in.
"I'm not suggesting any overweight positions be taken without looking at some pullback or consolidation or retest of lows," says Hyman, since near-term economic data won't build a case for a strong recovery in 2002, despite lower interest rates and potential fiscal stimulus.
To be clear, there was already a potential fiscal issue looming in the distance, in the 2020s and beyond – with the retirement of the baby boomers, increase in life expectancy and, most of all, our collective failure to control health care spending.
Because ponds are self-sufficient, there is a reduction of operator responsibilities to manage treatment, a reduction in labor costs, and an increase in the potential fiscal returns from the tangible products generated by the treatment unit (Hosetti and Frost 1998).
So there's a lot of potential fiscal tightening in the pipeline.Stay tuned; what happens in Brussels and Washington over the next six weeks will have a big impact on the trajectory of the global recovery.
Similar(21)
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