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Currencies  |  December 13, 2012 21:04:38

Fiscal cliff: What happens with stocks, bonds, the dollar and the crown?

Fiscal reef is dangerously approaching. The drastic increase in taxes and spending cuts that have automatically come into force on 1 January 2013, may shrink the U.S. economy into recession and cause a sharp drop in stock markets around the world. About what American fiscal cliff means for the world economy and small investors, and how can they land on the edge of a cliff to get, the editor of the Investment Site on the show Alter Eco for Czech Radio spoke with Miroslav Plojhar, investment strategist from the Czech Savings Bank, and John Bures, chief economist Era Postal Savings Bank.

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12 basic building blocks of economics


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