Policy makers will eventually succeed in smoothing out the fiscal cliff

October 30th, 2012|by Michael Ashley Schulman, Perspectives, The Big Picture|

Policy makers will eventually succeed in smoothing out the fiscal cliff and debt ceiling (whose limit will be hit in February or March) and economic growth will be sustained near current levels of 1.5-2%, but expect large volatility along the way.

  • The economic headwind from deleveraging consumers is easing
  • Home prices are picking up and residential investment […]