“Under current law, on Jan. 1, 2013, there’s going to be a massive ‘fiscal cliff’ of large spending cuts and tax increases. All those things are hitting on the same day, basically. It’s quite a big event.” – Ben Bernanke There is always a lot to be said for keeping things simple, and it is … Continued
“The hills are alive with the sound of music, with songs they have sung for a thousand years.” – The Sound of Music, Richard Rogers and Oscar Hammerstein II Are we at the top of the mountain, or are investors still scaling the foothills? As we celebrate the 4th anniversary of the global economic recovery and … Continued
“This is not a prediction, it is a certainty–there will be serious disruption in the world’s financial services industry…. It’s going to be ugly.” – The Times, London, 1999 (discussing the “Y2K” threat) Years ago in the midst of another date-specific moment in time, the world became obsessed that planes would drop from the sky … Continued
It may already seem like a distant memory, but the last few months of 2012 were quite tumultuous as a result of the uncertainty surrounding the so-called fiscal cliff. Despite some significant unfinished business that got deferred to 2013—specifically the sequester and how to handle it—there were still many deliberate actions taken at the end … Continued