Markets

Ader: We are going over the fiscal cliff

David Ader, CRT Investment Banking bond strategist, tells Michael Mackenzie, FT US markets editor, that the question isn't whether the US will go over the fiscal cliff, rather if it will be one sharp drop or a series of stumbles. Despite his certainty, he feels that a possible recession in the US will depend more on events outside the country. (5m 31sec)