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Sequester paranoia

The sequester paranoia reached new highs by the beginning of March: the news reports painted apocalyptic scenes of grounded flights as air traffic controllers are put on unpaid leave, the criminals and schoolchildren are roaming the streets as cops and teachers go on furlough, and an already feeble American economy comes to a screeching halt.

Any serious investor should check the facts first. They would quickly discover a few simple truths: there will not be any noticeable impact at least for 30 days because the government is required to give an advanced notice, the "cut" in 2013 is only for 2.3% of the budget, and, finally, the so called "cut" is really not a cut at all, but...

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