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Politics to drag on 2014 markets, economy, panelists say

from Bloomberg Businessweek

The biggest risk to equity markets and the economy in 2014 is dysfunction in Washington, following the strongest year in American stocks in a decade, according to CBOE Holdings Inc.’s William Brodsky and Ariel Investments LLC’s Mellody Hobson. “I don’t think 2014 is going to be that great, and will be about like 2013, which is modest growth,” said Austan Goolsbee, professor of economics at University of Chicago’s Booth School of Business. more

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