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U.S. Day Ahead: It's back to scaling the cliff

Wednesday, 26 Dec, 2012 - 02:15

Dec 26 - As President Obama and Congress get back to resolving the fiscal cliff, here are three likely scenarios of how a deal could be made.

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What -- way to look at it time is running out for President Obama and congress to avoid 600 billion dollars worth of tax hikes and spending cuts. Thursday to key players are back on the well and there's still no solution to resolve the fiscal -- But here are three scenarios are experts are writers have come up what. -- my plea deal of modest last minute measure that passes this that it it would have to answer by the house which means 191. Democrat. Must team up -- at least 26 Republicans feeling that congress could go over the -- in the new year and then deal with the issue retroactively. That it -- you might want to tweak your investment strategy now. According to Reuters columnist Linda stern got clinics and stashing cash in January might be a rough month. Or selling stocks to avoid a potentially higher capital gains tax. Right more charity checks to maximize deductions. And we could see just all talk sitting consumer confidence in December I apart says that if that she dropped to 69 point six its worst reading since September we are seeing that pessimism elsewhere. According to the latest Gallup poll only 50% of Americans believe a deal can be achieved that response is a drop of seven percentage points. From last week. On the brighter now expect more signs of a real estate recovery with new home sales. I apart says they should rise by 3% to 380000. Units in November that it's highest rate since April when he tank. There were concerns that a lack of homes for sale would hold back the market that that might not be the case with builders' confidence hitting a six year high when I -- our analysts that paid close attention to rates. As long as the ten year note stays under 2%. That will mean lower mortgage payments. And make sure to follow us on Twitter at -- insider and -- outer interviews with -- market movers on writers TV. Thursday Reuters blogger Felix salmon looks at which companies have created the most value for shareholders and the last nine years of the -- Energy -- Cigarettes. I'm -- mom this is greater.

U.S. Day Ahead: It's back to scaling the cliff

Wednesday, 26 Dec, 2012 - 02:15

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