|Posted: Post subject: World markets boom on the quick fix fiscal cliff deal.
|Some articles of interest:
"Take a guess. Which of these put more pressure on US lawmakers to strike a deal and avoid the “fiscal cliff” – voters or global financial markets?
If you picked markets, you may be right.
On the day after the last-minute agreement, an uptick in global stock prices seemed far more welcome in Washington than the reaction of voters. The reason is that foreign creditors to the US Treasury had been near a tipping point in wanting their money back, possibly forcing a crisis for US debt..."
Correct. And how:
Relief Rally: Dow Zooms 300 Points Higher on Fiscal Cliff Fix
Read more: (removed)
The days of GOP obstructionism are dead. If even the rich respond well to the spirit of compromise and shared sacrifice represented by the last few days negotiations which resulted in this mini-fix, I strongly suspect the days of catering to the ridiculous and uninformed Tea Party fringe are about over.