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UBS On-Air: Paul Donovan Daily Audio 'Investment by armchair generals'
Published 1 week, 3 days ago
Description
Investment by armchair generals seems to be the fashion. Markets are reacting to political comments about the length of the Gulf war. With uncertainty about US objectives, it is hard to for investors to assess how much more fighting is required to achieve the “end goal”. The economic war may also continue after the US withdraws. US gasoline prices keep rising—average prices may reach USD 4/gallon this week.