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US Economy is â??Like a Boxing Matchâ??: CIO

Monday, 16 Nov 2009 | 2:00 AM ET

The current economic situation is â??like 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 â??using the rules of synchronized swimming for boxing, and that makes the game very confusing.â?