AdamT
DP Veteran
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How to explain the disconnect between U.S. and non-U.S. investors? IMO, investors in general understand that Obama would be better for the US economy, but US investors are more concerned with the possibility of their own taxes going up than they are with the health of the over all economy.
Global investors increasingly prefer President Barack Obama to Republican challenger Mitt Romney and most say they believe the incumbent will remain in the White House for another four years.
Asked who would be the better leader for the global economy, 49 percent favor Obama against 38 percent for Romney, according to a quarterly Bloomberg Global Poll. In January, the two candidates tied on the question.
By the same margin, they say Obama has a better vision for the U.S. economy, according to the survey of 1,253 Bloomberg customers, who are investors, analysts or traders.
Obama “managed the U.S. economy pretty well, solving a lot of imbalances created by the previous administration,” says poll respondent Mario Di Marcantonio, 35, a senior portfolio manager at Eurizon Capital in Milan.
“I believe the second Obama term will be better than having a U-turn with Romney,” he says. “More stability will mean more visibility and more investment in the future.”
The American presidential election is dividing foreign investors and those based in the U.S., where Romney is favored across the board. U.S. investors choose the Republican candidate as best for the global economy by more than 2-to-1. Respondents outside the U.S. prefer Democrat Obama by almost 3-to-1 in the poll, conducted May 8.
Obama Winning Investors by 49%-38% Against Romney in Poll - Bloomberg