The current economic situation is âlike a boxing match,â 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 âusing the rules of synchronized swimming for boxing, and that makes the game very confusing.â

Topics:

Earnings Central | Economy (U.S.) | Politics and Government | Stock Market Banks

Sectors:

| Financial Services

ADD COMMENTS

Show Economy a 'Long Way Short Off Normality': Pro Fri 24 May 13 \| 03:30 AM ET	Most Popular Fed's Tapering Could Be Very Slow: Bullard Fri 24 May 13 \| 02:15 AM ET	Most Popular The Forces Behind the Market Thu 23 May 13 \| 06:00 PM ET	Most Popular Bear Doug Kass 'Staying the Course' Thu 23 May 13 \| 12:39 PM ET

Most Popular

Bear Doug Kass 'Staying the Course'

Thu 23 May 13 | 12:39 PM ET

Sort Video Gallery

Displaying results for: Latest Video | US

Cyberthreat Weekly Recap: Week of May 24 Fri 24 May 13 \| 04:00 PM	Abercrombie's Q1 Loss Fri 24 May 13 \| 02:30 PM	Herb's Fool-Proof Investing Fri 24 May 13 \| 02:26 PM	Ongoing U.S. Infrastructure Nightmare Fri 24 May 13 \| 02:16 PM	Midday Market Check Fri 24 May 13 \| 02:02 PM
Top States For Business 2013 Fri 24 May 13 \| 01:55 PM	Delta's New Terminal At JFK Airport Fri 24 May 13 \| 01:49 PM	The Accidental Landlord Fri 24 May 13 \| 01:42 PM	Furlough Friday For the IRS Fri 24 May 13 \| 01:35 PM	Gold Steadies at Close Fri 24 May 13 \| 01:31 PM
Nasdaq Check: Valeant-Bausch & Lomb Deal? Fri 24 May 13 \| 01:30 PM	Beef Price Sticker Shock Fri 24 May 13 \| 01:29 PM	WA Bridge Collapses, US Falls Apart? Fri 24 May 13 \| 01:20 PM	Iranian Hackers Targeting US Companies: WSJ Fri 24 May 13 \| 01:11 PM	Fed's Lack of Clarity Fri 24 May 13 \| 01:05 PM
Can Lafley Fix P&G? Fri 24 May 13 \| 01:00 PM	FMHR Final Trade Fri 24 May 13 \| 12:58 PM	Not So Fast: More Returns for H&R Block? Fri 24 May 13 \| 12:51 PM	Battling Over Waze Fri 24 May 13 \| 12:45 PM	Bull vs. Bear: Tiffany Fri 24 May 13 \| 12:41 PM
Energy Sector Just Heating Up? Fri 24 May 13 \| 12:30 PM	Halftime Pops & Drops Fri 24 May 13 \| 12:27 PM	Gold on Track for Best Weekly Gain Fri 24 May 13 \| 12:15 PM	'One of the Last Great Opportunities' Fri 24 May 13 \| 12:01 PM	Saudi Stunt Driver Pushes Boundaries Fri 24 May 13 \| 12:00 PM
Investors Need to be Constructive on Risk Assets: Pro Fri 24 May 13 \| 12:00 PM	Star Trek's Tricorder to Become Reality Fri 24 May 13 \| 11:59 AM	Tudor Jones: Never See as Many Great Women Investors as Men Fri 24 May 13 \| 11:41 AM	Oil Will Climb Higher This Year: Expert Fri 24 May 13 \| 11:40 AM	Sears & K-Mart's Odd Marriage Fri 24 May 13 \| 11:40 AM

« First | « Previous

1 | 2 | 3 | 4 | 5 of $lastPage

Next » | Last »

| Terms of Service | Independent Programming Report | Latest News Releases | RSS

Data is a real-time snapshot *Data is delayed at least 15 minutes Market Data Terms of Service
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2012 CNBC LLC. All Rights Reserved

Cyberthreat Weekly Recap: Week of May 24 Fri 24 May 13 \| 04:00 PM	Abercrombie's Q1 Loss Fri 24 May 13 \| 02:30 PM	Herb's Fool-Proof Investing Fri 24 May 13 \| 02:26 PM	Ongoing U.S. Infrastructure Nightmare Fri 24 May 13 \| 02:16 PM	Midday Market Check Fri 24 May 13 \| 02:02 PM
Top States For Business 2013 Fri 24 May 13 \| 01:55 PM	Delta's New Terminal At JFK Airport Fri 24 May 13 \| 01:49 PM	The Accidental Landlord Fri 24 May 13 \| 01:42 PM	Furlough Friday For the IRS Fri 24 May 13 \| 01:35 PM	Gold Steadies at Close Fri 24 May 13 \| 01:31 PM
Nasdaq Check: Valeant-Bausch & Lomb Deal? Fri 24 May 13 \| 01:30 PM	Beef Price Sticker Shock Fri 24 May 13 \| 01:29 PM	WA Bridge Collapses, US Falls Apart? Fri 24 May 13 \| 01:20 PM	Iranian Hackers Targeting US Companies: WSJ Fri 24 May 13 \| 01:11 PM	Fed's Lack of Clarity Fri 24 May 13 \| 01:05 PM
Can Lafley Fix P&G? Fri 24 May 13 \| 01:00 PM	FMHR Final Trade Fri 24 May 13 \| 12:58 PM	Not So Fast: More Returns for H&R Block? Fri 24 May 13 \| 12:51 PM	Battling Over Waze Fri 24 May 13 \| 12:45 PM	Bull vs. Bear: Tiffany Fri 24 May 13 \| 12:41 PM
Energy Sector Just Heating Up? Fri 24 May 13 \| 12:30 PM	Halftime Pops & Drops Fri 24 May 13 \| 12:27 PM	Gold on Track for Best Weekly Gain Fri 24 May 13 \| 12:15 PM	'One of the Last Great Opportunities' Fri 24 May 13 \| 12:01 PM	Saudi Stunt Driver Pushes Boundaries Fri 24 May 13 \| 12:00 PM
Investors Need to be Constructive on Risk Assets: Pro Fri 24 May 13 \| 12:00 PM	Star Trek's Tricorder to Become Reality Fri 24 May 13 \| 11:59 AM	Tudor Jones: Never See as Many Great Women Investors as Men Fri 24 May 13 \| 11:41 AM	Oil Will Climb Higher This Year: Expert Fri 24 May 13 \| 11:40 AM	Sears & K-Mart's Odd Marriage Fri 24 May 13 \| 11:40 AM

Please Install Flash Player

US Economy is âLike a Boxing Matchâ: CIO