MAJOR FINANCIAL MARKETS REACTED POSITIVELY WITH GAINS TO THE COMPROMISE REACHED ON THE USA FISCAL CLIFF, DESPITE ITS CRITICISM.

MAJOR FINANCIAL MARKETS REACTED POSITIVELY WITH GAINS TO THE COMPROMISE REACHED ON THE USA FISCAL CLIFF, DESPITE ITS CRITICISM.

       Major financial markets reacted positively with gains on the financial markets performance to the compromise reached on the USA fiscal cliff  between the two major political parties, the Republicn Party and the Democratic Party, despite criticism of the compromise reached as simply postponement of the Republican's automated fiscal cliff procedures implementation required for the Republican's Party intended economic revamp to the alternative that specified gradual implementation of  economic recovery measures in spending cuts and tax increase over the period of time that ranged between two to four years for the eventual implementation of the specified economic measures which too may become comlicated and difficult to control, due to the less clarity in regard to the cost and benefits that remains disputable on the four point six percent (4.6%) tax increase on the wealthier Americans.


                                             Written by Professor Godfrey Ohia.