Forex Flash: Fiscal threat, rhetoric and substance a long way apart - NAB (Barcelona) - On this early stages, the fiscal cliff remains a cruel reality, and last Friday's US President Obama speech reflects the opposing views with his Republican's peers, after he insisted those earning over $250,000 should pay higher taxes. Meanwhile, House speaker Boehner said that more tax rates for the rich were not acceptable. As NAB Strategists note, "both politicians expressed scope for compromise, but rhetoric and substance still look a long way apart in these early salvos."

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