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US Economy is ‘Like a Boxing Match’: CIO

Mon 16 Nov 09 | 02:00 AM ET
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.”

Topics:

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

Sectors:

 | Financial Services
 
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