Frankly, I didn’t watch the debate. I think both candidates are hacks as far as getting the economy back on track. Obama supported a privatize the gains and socialize the losses approach, while Romney is looking for a trade war against China.
BUT….. this isn’t about my pessimistic views…. it’s about first impressions about who won. It looks like Romney was the winner. I may be right after all.
Obama Re-Election Momentum Hits Snag in April Jobs Report - Bloomberg
“Mitt Romney looks to be the front-runner for the Republican Party in the presidential elections. It is clear that he has no misgivings on China being a currency manipulator. If the U.S. economy were to go into a double-dip recession, Obama’s chances of reelection would decrease markedly, while Romney’s would increase. The probability of this political outcome can be seen in real time here,here and here (notice the inverse correlation between the final two charts). Should Romney become the Republican front-runner, a double-dip recession could clear the way for his election and dangerously increase the risk of protectionism.” — (RCS Investments Macro Outlook Begn-2012) —-
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My hunch of Obama’s reelection chances hinging on the U.S. recovery seems accurate. Make sure to check out his chances in real time.
Obama Advisers Revising Economic Outlook for Greater Job Growth - Bloomberg
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As I covered in my latest macro outlook, as long as the economy is improving, this is Obama’s election to lose.
The president’s political fate lies in which direction the economy takes. So far so good.
Romney Just Totally Melted Down During His Jobs Speech
If if only Perry can screw up too; maybe then the media will finally utter Ron Paul’s name.
If this actually begins to gain traction, watch out globalism!
Even though I believe that Treasuries are a good buy at this point, it’s always good to hear the other side of the trade….and boy the story sure is getting stronger by the week it seems.
