US Economy is Like a Boxing Match

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Uploaded by on Nov 16, 2009

The current economic situation is like a boxing match, Steen Jakobsen, group CIO at Limus Capital Partners, told CNBC Monday. The US consumer, in the red corner, is losing in the fight against the banks in the blue corner, he said, adding that the US government is playing the referee and using the rules of synchronized swimming for boxing, and that makes the game very confusing.

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  • ...it´s not often I see a Dane on CNBC...

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