This past Tuesday the conservative Republican candidates garnered a resounding victory over their Democratic challengers in even some of the “bluest” states. The message that was sent by voters was quite clear: “The real economy sucks.”
Despite headline statistics, for 80% of American’s the real economy remains quite weak with income growth and quality job opportunities scarce. Accordingly, since most voters are generally uniformed about which candidate is running on which platform, the majority vote by the way they “feel” at the time of election. If things are good, they tend to vote for incumbents. If not, they vote for “change.”
This weekend’s variety of views and opinions on what Tuesday’s election blowout means to the economy and the financial markets. Is it a sign of better things ahead or the beginning of the end of the current “bull market?”
But let’s start with a bit of humor before we get we get into the serious stuff. (Warning: Strong language)
This post was published at StreetTalkLive on 06 November 2014.
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