Why Markets Won't Crash — Yet

This economic climate has a familiar feel. And just as we survived the debt-ceiling crisis, we'll survive the sequester

Recent Global Economic News comes with a strong sense of déjà vu. Consider where we are today: markets are surging--on March 5 the Dow reached a record high--yet investors are nervous, fretting that budget battles in Washington and the implementation of the sequester will eventually cause growth to tank. Yet as deep as political dysfunction is inside the Beltway, it's deeper still in Europe. Thanks to the muddled results of recent Italian elections involving at least two comedians--one a satirist turned activist, the other Silvio Berlusconi--the euro-zone crisis is back on the front burner. The rate Italy has to pay to...

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