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.....