The continuing fiscal “fiasco” in Washington will be the key concern for investors going in to 2014, according to Alastair Newton, senior political analyst at Nomura investment bank.
Markets might have been relatively sanguine during October’s partial Government shutdown, but Newton believes this muted reaction to the fierce political battle could encourage right-wing politicians to push the limits a little further.
“Fiscal uncertainty looks set to run into (the first quarter of 2014), which could delay tapering to (the second quarter of 2014),” he said in a research note released Monday.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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