Economic Insights – November 2012
Where is the U.S. economy headed after the status quo election of 2012?
Equity markets have clearly sent President Obama a vote of no confidence. Stricken by uncertainty and sitting on nearly $2 trillion in cash, the capital markets are building in expectations that the weak, subpar, jobless economy isn’t going to be significantly different in a second term than it was in the first. That realization triggered the sharpest weekly decline in more than five months.
Obama and House Speaker John Boehner are formulating strategies t.....