Super Committee: Go Big or Go Home?
Market Commentary Highlights...
- With no debt ceiling, default or downgrade threat, the market impact of this week's public unveiling of the super committee's recommendations is likely to be muted relative to the debt ceiling debacle of late July and early August.
- Congress' record-low 9% approval rating reflects the low bar of expectations for the super committee. The market expects the default cuts of $1.2 trillion will do the bulk of generating the required savings.
- Even with no agreement from the super committee, an end-of-year deal may still take place that may pair a smaller deficit reduction package of a few hundred billion dollars with the extension of the expiring payroll tax cut and federal unemployment benefits.
View the entire economic Commentary
Lincoln Savings Bank and LSB Financial are pleased to provide the above Market Commentary for the week of November 21, 2011. The commentary is prepared by LPL FINANCIAL RESEARCH, the broker-dealer partner for Lincoln Savings Bank and LSB Financial. The above commentary and others like it can be found here
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