NEW YORK--(Business Wire)--
Wall Street Webcasting presents exclusive video of Rich Gordon, the highly
regarded Fixed Income Market Strategist of Wells Fargo Securities (NYSE: WFC).
This week Gordon asks the question, are investors too comfortable, given the
political unrest amongst Democrats and Republicans?
The VIX has fallen by 900 basis points since it peaked in December and Gordon
believes "the greatest threat to the continued stability and upward direction on
the prices of risk assets is an increasingly fractured political climate in
Washington." The debt limit will be reached in late February and March, and
sequester cuts will go into effect. The projection of economic growth could fall
by half a percent or more in 2013 if all of the sequestration cuts are made.
To hear the GDP expectations for 2013 and a more thorough explanation of how the
unrest in Washington could affect economic growth for the year, tune into Wells
Fargo Securities` newest video.
Please visit the following link to view the video:
Wall Street Webcasting
Tracy Lewin, 201-683-2100
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