Don’t tell me you don’t know what the fiscal cliff is. It’s all over the news since the US elections.
Nope? Really? OK, to make it short, it’s a group of laws representing 4% of the US GDP ($607 Bn) in terms of budget and are about to be renegotiated. It will impact spending cuts, tax increase, budget deficit and… the USD value. So keep an eye on your USD counter currency trades whenever this measures go live.
Since it’s a very important event for the markets (some would say even more than the elections outcome), it gave twice as much imagination to economics observers. And we just gathered the funniest results.
Enjoy and share it with whoever could use a laugh (means everyone).