Fiscal Cliff Worries Drive Stock Markets Down 2% for the Week
With no agreement in place to avoid the "fiscal cliff" financial markets have taken a hit. In today's video market update I show where the trends are, but more importantly discuss how despite the trend a fiscal cliff plan will ultimately either send the market up or spiraling down.
In the end, no agreement reached this year will solve the long term problems with the US national debt or really make much of a short term impact in our budget deficit. An agreement could, however, at least buy some time from what could otherwise be an economic disaster.