New government, same old government – says BlackRock of US elections
Despite the $6bn cost of the recent US gubernatorial, congressional and presidential elections, the country has been left with the same problems as before, and a set of politicians for whom a clear mandate is sorely lacking, says the BlackRock Investment Institute in a new report.
The Institute’s researchers conclude that there is little to choose between a full dive off the fiscal cliff or a sudden hard stop; either way so-called cliff anxiety will increase, leading to greater market volatility.
And even if the cliff is avoided, the US economy still looks troubled from a global investor perspective.
Energy is one bright spot, as shale oil and gas could lead the US to growth, but that will require significant statesmanship.
To read the full report click here: [asset_library_tag 6043,Now for the hard part]