The recent budget conflagration in Washington has pushed investors to put money to work elsewhere, UBS' Paul Richards said Thursday.
"If that's the best that they can give us, that's not a deal in my view," said Richards, head of UBS FX Distribution for North America. "I think we get about a five- to six-week window of a domestic recovery here in terms of stocks and bonds in the U.S., but you will not get foreign participation there. Absolutely disgusted with this outcome."
"They've had enough," he said. "They had enough on December 31 last year."