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Market direction is a key factor on how people spend, hire and overall confidence in the economy. If the market continues it's downward recent trend will this make people more prone to feel we are on the " wrong track"? If so, it seems that the kingmaker in this election may not be the billions of Superpac dollars raised by both sides but rather the actions of our central banker Mr. Bernanke. If the market continues to slide the expectation is that Bernanke would respond with QE3. However as we get closer to the election would be be willing to pull the trigger and face the anger certain to be headed this way.
Mr. Bernanke has proven he is willing to take unpopular steps to do what he thinks best to keep our economy afloat. His actions over the next 90 days may swing the election one way or the other.
Thoughts?
Mr. Bernanke has proven he is willing to take unpopular steps to do what he thinks best to keep our economy afloat. His actions over the next 90 days may swing the election one way or the other.
Thoughts?