This article starts on the wrong presumption. Sequester is the reason market is relentlessly hitting new highs this month. The best thing that can happen to USA is cutting spending. Since politicians are too scared to cut spending, automatic cuts through sequester is far better than no cuts.
Maybe, or maybe the effects of a sequester will be enough to instill a little reality into the markets. It may be the pin that pops the inflated bubble of an economy that we have and brings us crashing back down to “Realville.” This economy is no longer operating based on real economics, but few want to admit it.
There is a difference between sequester and total collapse of the monetary system.