Nomura economist Lewis Alexander (who is a former Treasury
economist under the current President) is out with the first note we've seen on
the Paul Ryan pick, BusinessInsider reports.
Alexander's take? The pick is likely to strengthen support
for fiscal consolidation, and pull forward the debate about the Fiscal Cliff,
thus creating a negative for markets.
Romney’s choice of Ryan for VP suggests that fiscal policy
is likely to play a more prominent role….
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