Spreadex Market Update
Markets continue to be cautious
The US budget crisis is also back on the agenda today. Investors are clearly concerned that another last-ditch attempt by policy makers to avert an economic crisis may actually fail this time as the Republicans as well as Democrats really are rigid when it comes to compromising their own policies. Thus, it seems that if a deal cannot be agreed on the final day before budget cuts are due to begin, policy makers may find that failure to reach a compromise is not only a political mess but an economic catastrophe.
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