The song remains the sameBY BENJAMIN ONG | FRIDAY, 9 NOV 2012 9:40AMThe big macro events of this week hasn't changed one iota of the future. It was status quo all around. |
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I have heard from a number of Independant Economists that the US would slow by as much as 3 to 4% sending the US into a deep recession if Congress fails to prevent the measures from kicking in!! That seems a huge difference to 0.5%. I would have thought that $1.2 trillion in spending cuts and tax increases would affect there economy more than by 0.5%. What are your thoughts?