Salient to Investors: Alan Greenspan said: The US economy will grow closer to 2 percent in 2014 as it is restrained by a degree of uncertainty that is reducing investment, below the median economist estimate of 2.6 percent. The US stock market is not in a bubble. The economy is
READ MORE... →Salient to Investors: James Dunigan at PNC Wealth Mgmt said the fiscal cliff is going to be very messy, though we’ll get there. Alan Greenspan said the election perpetuated the political status quo and hasn’t increased the probability of resolving the fiscal challenges. Barry Knapp at Barclays recommended cutting risk, and lowered his estimate for the S&P 500
READ MORE... →Predictions: Alan Greenspan said Europe is a leaking boat and political consolidation is the only solution to the region’s financial crisis – we are gradually moving in that direction. Greenspan expects the “fiscal cliff” to be kicked down the road becauuse nobody wants all of those items to hit the economy all od
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