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BoAML: Wall Street success could be greatest threat to US recovery
Zone(s): USA ¦ Sector(s): Finance
[13 June 2014, CITY A.M.] Forget geopolitical tensions or an emerging market slowdown, the success of the US’ own financial system could now be the biggest risk to success.
According to a Bank of America Merrill Lynch (BoAML) research report out today, the threat of Federal Reserve action to dampen excesses on Wall Street may in turn kill off the “lukewarm” recovery on Main Street.