Markets braced for ‘Mexican standoff’ over US fiscal cliff

“Quite simply, the US is the closest shark to the boat right now,” says Russ Koesterich, the chief investment strategist at iShares. The shark Koesterich is referring to is the bitter fight for the White House. After two years of watching European leaders traipse from one debt crisis summit to th…

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Markets braced for ‘Mexican standoff’ over US fiscal cliff