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"What it doesn't change.. is the roadblock that is the fiscal cliff”

Business quote of the day.

"What it doesn't change is the problems facing the US economy, and the roadblock that is the fiscal cliff”

Michael Hewson, senior analyst from CMC Markets, sums up the position facing business in the US after president Barack Obama is elected for another four years. Global markets were unmoved by the result of the election, and the US dollar fell slightly, amid an expectation that quantitative easing will continue under Obama’s second term.

By Helen Roxburgh

Helen Roxburgh is the online editor of Economia