What's on the Agenda for US
1. Fiscal Cliff Deal/No Deal
most likely action wait till next year.."kick the can"
What's at Risk? ... Credit Rating Warning Feb/Mar
2. 1st Quarter Reported Results
most likely better than expected
3. US Debt Ceiling
most likely a log jam and Government Shutdown on the table
4. Credit Rating Agencies Cut US AAA status
At best the and other Central Banks cordinate easing. with slow growth as usual softens the blow.
Worst case US follows the path of Japan "Japanization" liquidity trap. Zombie banks stop lending and hoard cash to counter continued losses --Hidden risk; Banks (Financial Accounting Standards Board FASB rules ) trillions in losses stemmed from bad loans prior to CDS crash are still on the books; either held by Banks, Central Banks or Govts.(taxpayers).
Fitch Ratings to US: Fix 'fiscal cliff' or risk credit downgrade
Nikkei peak: 20-year anniversary
George Lindsay Three (3) Peaks Domed House pattern...
Should read: Nikkei not Nikkea