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Messy Politics Remains Major Driver

From RealClearMarkets
January 4, 2013 - 10:35pm
Mohamed El-Erian, Project SyndicateNEWPORT BEACH – Watching America’s leaders scramble in the closing days of 2012 to avoid a “fiscal cliff” that would plunge the economy into recession was yet another illustration of an inconvenient truth: messy politics remains a major driver of economic developments.

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