The Fiscal Cliff could trigger a second recession, a 2% decline in GDP to flat 0.4% growth, and increased unemployment to upwards of 10%, all which would dramatically affect demand for U.S. transportation assets, according to a report by Fitch Ratings.
Fitch: Fiscal Cliff Could Trigger 2% Decline in GDP & Negatively Affect Transportation Demand
NOV 19, 2012 12:44pm ET
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A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.
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