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The Range
Law & Order
Fiscal Cliff Bill passes house
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<blockquote data-quote="Billybob" data-source="post: 2043384" data-attributes="member: 1294"><p>Here's a different perspective on the situation...</p><p></p><p>Who forced a 'fiscal cliff' deal? Try foreign investors.</p><p></p><p>[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.</p><p></p><p>Investors worldwide now demand the US government display more stability and trust. Globalization has given them a big say in the policy logjams of many countries, and the United States is not immune. Its lingering disputes over issues like taxes and spending have become a prime indicator of its ability to remain innovative, reliable, and productive...]</p><p></p><p><a href="http://www.csmonitor.com/Commentary/the-monitors-view/2013/0102/Who-forced-a-fiscal-cliff-deal-Try-foreign-investors" target="_blank">http://www.csmonitor.com/Commentary/the-monitors-view/2013/0102/Who-forced-a-fiscal-cliff-deal-Try-foreign-investors</a></p></blockquote><p></p>
[QUOTE="Billybob, post: 2043384, member: 1294"] Here's a different perspective on the situation... Who forced a 'fiscal cliff' deal? Try foreign investors. [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. Investors worldwide now demand the US government display more stability and trust. Globalization has given them a big say in the policy logjams of many countries, and the United States is not immune. Its lingering disputes over issues like taxes and spending have become a prime indicator of its ability to remain innovative, reliable, and productive...] [url]http://www.csmonitor.com/Commentary/the-monitors-view/2013/0102/Who-forced-a-fiscal-cliff-deal-Try-foreign-investors[/url] [/QUOTE]
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