UBS On-Air: Paul Donovan Daily Audio 'Fading fiscal hopes'




UBS On-Air show

Summary: Hopes for a US pre-election fiscal stimulus are quietly fading to nothing. There might be something for the airlines, but no big package looks likely given the language (and amount of time available). The personal damage is worst for those who are unemployed. The economic damage is worst if people with jobs keep hold of savings as an insurance policy.