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Raymond James chief investment strategist Jeff Saut weighs in on tax cuts and the fiscal cliff.
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Peter -- thank you.
-- all of our next -- -- says that congress does not want this is great -- it does not want the to run our economy back into a death spiral just sought.
As chief investment strategist at Raymond James.
House speaker John Boehner says he's not confident they can avoid the fiscal cliff do you just think that those -- scare tactics -- do you think that there is a chance.
That they do not deal with spending and did.
-- impending tax.
-- there there's always that that chance but I think it's politics as usual I think their posturing.
I think in the final hour -- they will come to a solution that will postpone.
The mandated spending cuts and extend the bush tax cuts kind of the only change in environment I think is all the Wall Street folks who commit our money managers like you and everybody else we commend always saddled with some of these guys at the end.
They'll get something done.
Let's let this change a little bit last year that they -- so much so we were downgraded -- became very very close so.
Maybe one of these times we do run over a cliff as I think what some people start to fear do you say what do what do what do you think the odds of that -- -- odds on had put downside puts a ten or 12% -- If you go talk to the newbies who were elected in the in mid term they're not professional politicians they're more practical coming out of the private sector.
And I think that's a palpable change inside the DC beltway.
So big practical though as an individual names that you don't get jacked than -- down and they -- -- and I wonder -- it until their hand is forced to really deal with the tax cut.
Really deal with revenue and spending in this country and -- -- by higher interest rates what -- -- Really permanently get fixed.
People I talked to and I lived inside the beltway for years the people I talk to realize -- on an unsustainable path.
And they are afraid of spending us back into -- death spiral in the economy so I think in the final hour.
They will come to some kind of agreement very hopeful you have the stock market's doing well throughout all of this is descend on that -- you give us an idea.
You expected to continue and what assumptions -- you making do you make political assumptions you know there's some Obama wins or Romney wins or that congress goes Republican you make assumptions about these things as you think about investing I do I think that the Republicans are gonna take back the senate and for the equity markets to have a Republican congress that would be both the house in the senate is more important than who's president.
The market does better when you have a Republican -- congress OK fair enough there you go Jeff soft that's what he's thinking about thanks for coming -- Jeff I.
