Goldman's Quarter-By-Quarter Breakdown Of How The Fiscal Cliff Will Crush The Economy

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		Home Tech/Media Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Friday, October 19, 2012 Goldman's Quarter-By-Quarter Breakdown Of How The Fiscal Cliff Will Crush The Economy The analysts at Goldman Sachs have been among the most pessimistic people to talk about the fiscal cliff — the tax cuts and spending programs that will expire automatically at the end of the year and slash GDP by around 4 percentage points. Goldman's David Kostin has warned that fiscal "brinksmanship" will cause the S&P 500 to tumble to 1,250 by the end of the year. In various surveys and anecdotes, U.S. businesses have indicated that uncertainty surrounding the fiscal cliff is preventing them from pursuing any major investments for growth. Bottom line: the fiscal cliff is increasingly becoming a worry for the U.S. economy as the end of the year approaches. Here's a quarter-by-quarter breakdown of how the various components of the fiscal cliff could smash the U.S. economy from Goldman Sachs via FT Alphaville's Cardiff Garcia: Read » Also On Money Game Today: Here Are The Top Theories For Why The Market Took A Bath STOCKS GET CRUSHED: Here's What You Need To Know Advertisement CHART OF THE DAY: How Gold Moves With The Global Financial Markets CHART OF THE DAY: Spanish Bonds Are Having A Gigantic Day CHART OF THE DAY: We Just Got An Extremely Bullish Signal For The US Housing Market Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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