The monthly financial industry update for January 2013

By Steve Savant

The fiscal cliff has been averted. Well, delayed anyway. The new demarcation line has been drawn on what defines a wealthy American and an affluent business owner. One thing is for sure: Taxes on the rich are going up, but perhaps the middle are as well. The new 60-day deal is full of surprises, but doesn’t address the big issues that just won’t go away. Steve and Ken try to digest the news and make it as palatable as can be in the light of no real movement on Capital Hill.