Read any newspaper, watch any newscast or listen to any economics radio show and you will hear the term fiscal cliff over and over (even outside of the US). Many of my non US readers may be wondering, what is this cliff and why is everyone so excited about it. What is the fiscal cliff The fiscal cliff is a new term to describe a confluence of events that will occur at the end of 2012 unless US elected officials can come to a financial agreement and change course.

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