SAN DIEGO-Uncertainty over several key factors—including thelooming “fiscal cliff” and stubbornly persistent Eurozone crisis—isperpetuating today’s sluggish economy, according to speakers at arecent Trigild Lender Conference here. AsGlobeSt.com recently reported, these factors are keeping thebusiness cycle frozen and call for a real plan in order to restartthe economy.

According to Robert Guest, business editor forThe Economist, who spoke at the conference, the US isfacing a double whammy: “an increase in taxes and cuts inspending,” which could send the economy into another recession. Theonly hope is if the “Democrats and the Republicans can compromise.The cliff is so bad, hopefully they will not drive over it.”

Sam Chandan, Ph.D, president and chiefeconomist for Chandan Economics, said that “thepotential impact of not resolving this problem presents a realrisk.” He added that American companies have “no idea what willhappen and are sitting on an enormous cash pile.”