{"id":139780,"date":"2021-09-25T19:08:32","date_gmt":"2021-09-25T19:08:32","guid":{"rendered":"https:\/\/precoinnews.com\/?p=139780"},"modified":"2021-09-25T19:08:32","modified_gmt":"2021-09-25T19:08:32","slug":"equity-market-not-priced-for-fiscal-cliff-bear-traps-report-editor","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/politics\/equity-market-not-priced-for-fiscal-cliff-bear-traps-report-editor\/","title":{"rendered":"Equity market \u2018not priced\u2019 for fiscal cliff: Bear Traps Report editor"},"content":{"rendered":"
The Bear Traps Report founder and editor Larry McDonald on how markets could react if a deal to avoid the fiscal cliff is not reached.\u00a0<\/p>\n
The Bear Traps Report founder and editor Larry McDonald argued the potential fiscal cliff will significantly impact the markets in a negative way if lawmakers don’t vote to avoid it on FOX Business’ "Mornings with Maria."<\/p>\n
GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/u><\/strong><\/p>\n LARRY MCDONALD: There's a huge divergence in the market because we're at all-time highs and people have to realize we've done $6.5 trillion of deficit spending the last two years — 6.5 trillion. <\/i><\/p>\n And Republicans and conservative Democrats want to take that down to 1 or 2 trillion. In other words, last year the deficit was 3 trillion total, 3.5. They want to take it down to 1. <\/i><\/p>\n That's, you know, $2 to 2.5 trillion fiscal cliff and the equity market is not priced for that. So we have a lot of drama coming the next six weeks as Republicans and Democrats fight this out.<\/i><\/p>\n FED EXPECTED TO PROVIDE TAPER TIMELINE HINTS AT KEY POLICY MEETING THIS WEEK<\/strong><\/p>\n WATCH THE ENTIRE SEGMENT BELOW: <\/strong><\/p>\n <\/p>\n The Bear Traps Report founder and editor Larry McDonald provides insight into earnings, spending, the markets and China\u2019s Evergrande crisis.\u00a0<\/p>\n <\/br><\/p>\nHow fiscal cliff could hurt markets <\/h2>\n