PSigma's Becket: US still 'hung in a bad place'

The agreement to avert the US fiscal cliff is the ultimate example of a Pyrrhic victory, according to PSigma CIO Tom Becket.

Fittingly, given the confidence-crippling chaos and subsequent submission in US Congress, the first song to be shuffled on to my iPod on my New Year's Day run was the magnificent 'Acquiesce' by Oasis. Sadly there was no call for 'Morning Glory', 'The Masterplan' or 'Champagne Supernova'. Indeed, one might well argue that despite the agreement to avert the worst ravages of the fiscal cliff, we have once again been 'Hung in a Bad Place' by the politicians. (That's enough Oasis). As we were waking up with our hangovers yesterday morning, the US Senate was overwhelmingly agreeing to a dea...