It's not all about the "fiscal cliff."

That's a refreshing sentiment while stock markets are being held in thrall by every comment from lawmakers in Washington on the state of budget negotiations.

If no deal on the budget is reached by the end of the year, huge tax increases and spending cuts will start to take effect Jan. 1. Economists say those measures could push the U.S. back into recession. Yet Bill Stromberg, director of global equity and global equity research at Baltimore, Md.-based T. Rowe Price Group Inc., says that the "cliff" shouldn't be investors' main focus.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.