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I think the traders (many of whom are abroad) can see Obama on the news, and they figure, probably with some justification, that this disaster, competently handled, is a huge plus for the president.
I would wager they are right. If Obama were to spend most of the next week helping folks out, he would gain more from that than stumping. And if Romney starts stumping, it pales in comparison to a president leading. A tough turn of events for Romney.
I think the traders (many of whom are abroad) can see Obama on the news, and they figure, probably with some justification, that this disaster, competently handled, is a huge plus for the president.
I would wager they are right. If Obama were to spend most of the next week helping folks out, he would gain more from that than stumping. And if Romney starts stumping, it pales in comparison to a president leading. A tough turn of events for Romney.
The October surprise, I guess.
Apparently so.
Of course a LOT will depend on HOW the recovery efforts go. If there are massive screw-ups like was the case after Katrina that could end up tossing the election to Romney. I don't expect that to happen, but it's a complicated situation on the ground so no one can for sure.
Apparently so.
Of course a LOT will depend on HOW the recovery efforts go. If there are massive screw-ups like was the case after Katrina that could end up tossing the election to Romney. I don't expect that to happen, but it's a complicated situation on the ground so no one can for sure.
Ken
Yep, if he hoses it, it will be way too late to bounce back.
Not expecting a whole lot of movement of the EU number one way or the other on that though.
Ken
Probably true. My impression is that most of the economic indicators are pointing to recovery. None are inspiring, but they do mostly suggest we are better off now than in Jan. 2009.
However, if the UE clicks up 0.1%, expect a media blitz by Mitt and the Super PACs. It might be a bit hard not to seem petty after Sandy, but you bet they will play it early and often until the vote.
If the report is good.....<<crickets..>>.....or....CONSPIRACY!!!!:e ek:
Probably true. My impression is that most of the economic indicators are pointing to recovery. None are inspiring, but they do mostly suggest we are better off now than in Jan. 2009.
However, if the UE clicks up 0.1%, expect a media blitz by Mitt and the Super PACs. It might be a bit hard not to seem petty after Sandy, but you bet they will play it early and often until the vote.
If the report is good.....<<crickets..>>.....or....CONSPIRACY!!!!:e ek:
Yeah, and the UE rate COULD creep up a little (it was a BIG drop last month) as more people transition from the U-6 rate to the U-3 rate as they go back to looking for work.
Ken
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