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The fiscal cliff has been one of the main focuses of financial and many commodity markets since U.S. elections when President Obama won another term and Republicans kept a majority in the House of Representatives, prompting worries about another stalemate over U.S. fiscal policy.
FORBES: ETF Securities' Brooks: Short-, Long-Term Gold Participants Can Have Varying Reactions To Fiscal Cliff
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During both periods there were strong cyclical bull markets every few years, followed each time by a cyclical bear market that kept the market moving sideways, unable to break out into a long-term uptrend.
FORBES: This Bull Market Could Hit Old 2000 Peak Before Ending
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Republicans kept control of the House for a third consecutive term in the 1998 elections, but won fewer seats than expected.
CNN: Gingrich's 2012 campaign leaves him with mixed legacy
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Only a series of short-term extensions has kept funds flowing to the states.
WHITEHOUSE: Champions of Change: Investing in Infrastructure for a More Competitive Economy | The White House
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Meanwhile, Belgium's national airline, Sabena, in which Swissair is a big investor, is likewise being kept aloft by short-term government loans.
ECONOMIST: Subsidies for European airlines
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Woodrow Wilson's illnesses were kept secret, and he only reluctantly gave up the idea of standing for a third term.
ECONOMIST: Edwin Weinstein | The
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The worst kept secret in golf was confirmed today when Nike announced the signing of Rory McIlroy to a long-term endorsement deal that covers apparel and equipment.
FORBES: Rory McIlroy Joins Highest-Paid Athletes After Blockbuster Nike Deal
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They are typically short-term investments that banks market as a high-yield alternative to bank deposit rates, which are kept low by the government.
WSJ: China Tightens Regulations on Wealth Management