While you were sleeping Euro trouble, US fiscal cliff

Wed, 07 Nov 2012

By Margreet Dietz Nov 8 (BusinessDesk) - So much for a relief rally. For most investors today has been a reality check in the face of a steep fiscal cliff for the US and another downgrade of the expected pace of economic expansion for the euro zone. President Barack Obama won another four years in office, holding off Republican rival Mitt Romney though he again faces a divided Congress. Moody's says it will reserve judgment on the US debt rating until after a budget is tabled. The key concern now threatening America's recovery is the mix of...

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