The election is over and the voters made it clear that they want the current situation to remain the same - a balance of power split between both parties. This means we are likely to see the same sort of logjams in Congress that we have seen for the last few years into the future.
The looming fiscal cliff on January 1st will probably be averted since neither party benefits from such dire consequences. But, in the meantime, we can all expect a lot of bickering between the leaders of both parties as they try to get the other side to blink.
Not a lot of holiday spirit in DC right now. I hope there is more in your neighborhood.
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Are municipal bonds still a good investment?
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