Embracing the Fiscal Cliff

NEW YORK (TheStreet) -- With President Obama demanding an increase in marginal tax rates and Republicans in Congress still unable to sign on to any deal that increases them, we've reached an insurmountable block -- we're going over the fiscal cliff.

Despite apoplexy from the media and many in the business community over the negative economic impact from hurtling over, I'm not sure that this Armegeddon, like so many other advertised "end of economic days," is going to live up to the hype.

While there will certainly be some slowdown attached with the fall, there's a lot to like about the repeal of all the Bush tax cuts and the sequestration, or automatic spending cuts.

I talk about "embracing the cliff" here.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.

Dan Dicker has been a floor trader at the New York Mercantile Exchange with more than 25 years of oil trading experience. He is a licensed commodities trade adviser.

Dan is currently President of MercBloc LLC, a wealth management firm and is the author of "Endless Bids", published in March of 2011 by John Wiley and Sons.

Dan Dicker has appeared as an energy analyst since 2002 with all the major financial news networks. He has lent his expertise in hundreds of live radio and television broadcasts on CNBC, Bloomberg US and UK and CNNfn.

Dan obtained a bachelor of arts degree from the State University of New York at Stony Brook in 1982.