December 30, 2012

Why There Was No 'Cliff' Deal This Week

Morgan Housel, The Motley Fool

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Picture a skinny 18-year-old with a high metabolism. He can eat anything he wants -- doughnuts, ice cream, pizza -- with virtually no harm. His weight stays the same, his blood pressure remains low, and he faces no immediate risk of heart disease. So he keeps on gorging. Why change when the food tastes this good?

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TAGGED: Morgan Housel, Fiscal Cliff

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