Out of the Frying Pan, into the Fire

by Anirban Basu 16. January 2013
U.S. Avoids Fiscal Cliff but Familiar Challenges Remain With the noteworthy exception of the nation’s still expanding national debt, 2012 will be viewed by economic historians as predominantly a year of progress. Financial markets performed, the number of jobs expanded, unemployment fell, auto sales surged, housing prices stabilized and consumers were active. According to the most recently revised estimate supplied by the Bureau of Economic Analysis, national gross domestic product expan... [More]


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