Mike Dolan: Playing the US fiscal cliff just like euro survival
Published 09/11/2012 | 17:08
BATTLE-weary investors heading into another intense and market-sensitive period of political brinkmanship in Washington may do well to consult their European campaign maps.
While the two years of attrition in European markets may not be a blueprint for victory per se, they may provide some clue as to how investor minds better equipped to deal with hard data and mathematical models should navigate political minefields.
Global money managers in the United States and around the world have for years expressed frustration and dismay at the inability of Europe's fractious political and national elites to find a silver bullet to end the euro sovereign debt crisis.