A UBS Wealth Management Americas survey released on Friday reveals that investors may be more worried about the debt ceiling crisis than politicians are aware.
The survey, which polled 1,000 affluent investors, found that 40% won’t pour money into the stock market until the U.S. debt ceiling issue is resolved. In addition, the optimism many investors were feeling about the economy has been all but wiped out by the ongoing debt ceiling crisis, with 60% of those polled now pessimistic about the short-term economic outlook.
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