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US Fiscal Cliff Poses Major Downside Risk to Stocks

Thursday, 8 Nov 2012 | 12:20 AM ET

Philippa Malmgren, President & Founder of Principalis Asset Management and Adrian Mowat, Chief Asian and Emerging Markets Equity Strategist, JP Morgan Securities Asia-Pacific warn that the markets have not fully priced in the dangers of the U.S. looming fiscal cliff. They explain why.