Mr. Market is in a good mood! The Fiscal Cliff has been averted!
As global stock markets made their 2013 debut, the House of Representatives
passed a deal between the White House and Senate Republicans to raise taxes on
the rich and put off automatic $109 billion budget cuts for two
months.
The deal passed the Senate early on Tuesday, but its fate hung in
the balance for hours as House conservatives sought to amend it to include big
spending cuts, which would likely have killed it.
In the end, the House
voted 257 votes to 167 to pass the original bill with minority Democrats joining
a smaller number of majority Republicans to pass the legislation after a
bitterly contested and unusual session on New Year's Day.
President
Barack Obama planned to make brief remarks at the White House within minutes of
passage of the deal, which relieved investors who feared that continued logjam
could have sent global stock markets spinning.
Read full article: here.
What a fantastic start to the new year! Happy New Year!
Related post:
President Obama wins! What next?
FAKE ASSI AK71 IN HWZ.
Featured blog.
1M50 CPF millionaire in 2021!
Ever since the CPFB introduced a colorful pie chart of our CPF savings a few years ago, I would look forward to mine every year like a teena...
"E-book" by AK
Second "e-book".
Another free "e-book".
4th free "e-book".
Financially free and Facebook free!
Subscribe To ASSI
Posts
Comments
Monthly Popular Blog Posts
-
It has been almost a month since my last blog post. I am serious about becoming more laid back and being less active in social media. The ga...
-
For those of you who follow me in my YouTube channel, you would know that something unfortunate happened recently to my father. So, I expect...
-
With DBS, OCBC and UOB doing so well in 3Q 2024, I had to take time off from gaming to produce a series of videos. For those of you who do n...
-
I didn't think there would be another blog post until the new year but I did something just now which would have surprised myself a few ...
-
In recent times, I have found it much easier to talk to myself on YouTube. It is faster than blogging. This explains the greater number of v...
All time ASSI most popular!
-
A reader pointed me to a thread in HWZ Forum which discussed about my CPF savings being more than $800K. He wanted to clarify certain que... -
The plan was to blog about this together with my quarterly passive income report (4Q 2018) but I decided to take some time off from Neverwin...
-
Reader says... AK sifu.. Wah next year MA up to 57200... Excited siah.. Can top up again to get tax relief. Can I ask u if the i...
-
It has been a pretty long break since my last blog. I have also been spending a lot less time engaging readers both in my blog and on Face...
-
I thought of not blogging about my 2Q 2020 passive income till a couple of weeks later because Mod 19 of Neverwinter, Avernus, just went liv...
Bloggy Award
6 comments:
indeed....think even "tikam" also can make $$ :P..(joking only. still need to be prudent)
Hi meesiam,
Tikam away! I think the bull has legs. ;)
Hi AK,
This is preposterous as the Senates are fooled by the U.S Plunge Team (Mayday Credit Rescue Team). By performing this action, it merely diverts our attention out of the credit crunch yet without associating and/or devising a immaculate strategy in resolving debt crisis.
To consumers out there, kindly learn more about financial institutions racking up at least 10 folds debt ratio, comparing to the GDP of the respective countries.
Note: I'm not a pessimistic person. Okay?!
Sighing off,
Ken
kicks the can down the road again....... *
What choice? NO choice!
Hi Ken,
Indeed. This is the reality of the day.
Hi JCK,
You have neatly said it in those few words "kicks the can down the road". :)
Post a Comment