EMERGING MARKETS START THE YEAR ON A TEAR ON FISCAL CLIFF RESOLUTION $EEM $FXI $EPI $INP $EWW $AFK $RSX
This post was just published on ZYX Emerging Markets ETF Alert. Emerging markets are starting out the year on a tear on the fiscal cliff resolution. However, the optimism is misplaced. Only one part of the three-part puzzle has been addressed. The three parts are: taxes, spending, and debt ceiling. The fiscal cliff deal only partially addresses taxes and totally kicks the can down the road on spending and debt ceiling. Republicans are on the record to put up a stiff fight on spending and debt ceiling issues. Democrats are on the record that they are still going to try to