Jonesing for the rush of another ride off a fiscal cliff? The guys who run the House of Representatives are going to disappoint you, again. Read more »
fiscal cliff
With President Obama sort of signing the fiscal cliff tax deal into law comes this unsurprising tidbit from an unsurprising corner: Read more »
Wall Street Adrenaline Junkies Juiced By Our Two Hours Careening Over The Fiscal Cliff
By Jon ShazarIt wasn’t pretty or timely and didn’t seem to make anyone happy, but the fiscal cliff is no more… for another two months. Read more »
Just when things were looking up in the fiscal cliff talks, this happens: Read more »
Jamie Dimon Suggests The Government Stop Twiddling Its Thumbs On This Fiscal Cliff Business And Start Moving Its Asses
By Bess Levin
“We are one decision away from restoring our fiscal and moral authority from around the world,” Dimon said today. “Let’s just do it.” [Dealbook]
Warren Buffett Is Finished With The “Raise My Taxes And See What Happens Next” Conversation
By Bess Levin
“…let’s forget about the rich and ultrarich going on strike and stuffing their ample funds under their mattresses if — gasp — capital gains rates and ordinary income rates are increased. The ultrarich, including me, will forever pursue investment opportunities.” [NYT]
Yes, he said that he’ll stay ’til this thing gets done but FYI, he’s already booked a one-way ticket out of this dump and it’s nonrefundable, so if you think he’s gonna just stand by while you people fumble around and fuck everything up, thereby prolonging his stay in this asylum one day longer, think again! Read more »
Jim Chanos Wants To See Some Real Ideas For Tackling The Fiscal Cliff And He Wants Them In 12-Point Font, Single-Spaced, Not Scribbled Out On A Crumpled Up Cocktail Napkin
By Bess Levin
One thing everyone can agree on in the short term is dealing with the fiscal cliff. Chanos, who has asked Republicans to be more specific with their plans to raise revenues. “It’s all well and good to say ‘I want to lower rates or at least not raise them and I want to close loopholes.’ My answer is, which ones? Be specific, please. List them in order,” he said. Once you start going to things like mortgage interest deductions or charitable contributions, you begin to realize that tears the economic fabric in other ways. How about we start with carried interest? No one seems to want to put that on the table. What about corporations accruing but not paying their federal taxes by keeping their profits offshore?” [AR]
Charlie Gasparino: If Congress And Obama Get Their Shit Together, This Market’s Gonna Take Off Like A Chevy Iroc Z Down The Jersey Turnpike
By Bess Levin
He’s calling it now. Read more »
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