Calm before U.S. Sequestration
This post by larrygreenberg has been reprinted from Currency Thoughts.
Comments OffIt doesn’t look like the sequestration, across-the-board U.S. federal spending cuts, will be averted. But equities are doing well, with overnight gains of 3.0% in China, 2.0% in Hong Kong, 2.7% in Japan, 1.7% in Indonesia, 1.6% in the Philippines, and 1.3% in Australia. In Europe, the Dax and Spanish Ibex are 0.8% higher. The [...]
larrygreenberg @ February 28, 2013