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The Motley Fool Director David Kuo on how the potential fiscal cliff would impact the markets in the U.S. and Europe.
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Reagan's efforts now the -- on the European markets let's go live to London where we -- joined by.
David -- although bubbly full UK it's been awhile since I've seen you David how are you and what the -- he's doing a work on Christmas the.
I'm doing okay and -- the European markets well there is as -- my souffle Israeli.
Thank goodness -- not having to place this this Christmas in my household.
I think ultimately people have just gone home for Christmas now and those who haven't are probably -- -- -- the moment because they still need to do that last minute Christmas shopping.
I bet you're not one of them though David.
Not usually do my Christmas shopping on the 26 of fact the sudden -- boxing day.
When asked not putting all my stuff ready for next -- Afghan women get the best bargains and if you buy things -- have done a long sell by date you're okay.
Perfumes a very good for that perfumes and very -- sell by dates as -- you don't leave them out in the sun.
So people getting a bunch of perfume from David has fallen out all right David -- artist's talk about the markets saying his way here obviously it's all about the fiscal cliff but nothing can really move forward and until we get something sorted out.
On this side of the pond.
Well that's right I mean people -- waiting for this Christmas -- to happen.
And as far as the Christmas -- it is inside let's hope that the president.
And our John Boehner can come up with a solution that will not give somebody an early Christmas present -- alleged Christmas present.
Because we have.
Seven days to sort this out I -- -- you should be able to come up with a solution.
In seven days time even in my wife can come up with a solution to some of the problems we have within seven days and this is really -- -- fall but.
That said I mean even if they don't come up with a solution within seven days I'm.
People know that sad that there are going to be able -- -- take -- tax increases and automatic spending cuts.
And that is ultimately I think what people are hoping for the there is gonna be some kind of solution so as far as the cliff is concerned.
I yes it may be would not fall off the cliff but I -- is going to be too painful because there will be parachutes available for lots of people.
I love it very quickly David do you think we're going over the cliff and will we see a big sell off and we do not only here but in Europe.
I don't think so I think people are prepared for -- -- I think -- is gonna look good but just before I go.
I mean there was some news out today that says Germany is gonna stop -- -- growing its exports again next in somebody's gonna be good news as soon as the German market is opened.
How -- -- after the tested -- a -- that want to open today because otherwise it could have driven the act.
The -- little bit higher on this site.
Very care well listen say height of Daniel and everyone at Westminster alive -- and merry Christmas Day -- it.
I care a Merry Christmas to you -- --
