Fiscal Cliff Dead Ahead

But it's only going to be temporary, of course!

"...it seems likely that the U.S. will briefly go over the “fiscal cliff,” which will automatically kick in a rash of spending cuts and across-the-board tax increases, which Congress will then likely reverse a few days later with an agreement to both cut spending and also reduce the then-higher taxes for various income groups. Frankly, we’ll be surprised if the GOP agrees to vote for tax hikes before year-end when they can wait a few days and get the identical result by voting for tax cuts in January." -- John Hussman