Featured StoryBy 2016, Mitt Romney may be sighing in relief that he lost Tuesday. The economic landscape for the next four years is likely to be filled with crises, and the president in office will be blamed for most of them, whatever his policies.
Romney's destiny of quiet retirement with his automobile elevator and his Cayman Islands investments will seem greatly preferable to the struggle that awaits the re-elected President Barack Obama.
Internationally, four more years leaves plenty of time for things to go wrong.
How an Obama Win Affects Investments
Now that U.S. President Barack Obama has secured a second term, how will his win affect your investments?
In terms of monetary policy, U.S. Federal Reserve Chairman Ben Bernanke's "grand experiment" with quantitative easing will continue at least until Bernanke's second term expires in 2014. We can expect the Fed to continue to expand its balance sheet through asset purchases-primarily mortgage backed bonds- and to keep overnight interest rates near zero.
The Fed currently expects GDP growth of 3% in 2013....
If There's No Winner of Election 2012 Tomorrow, the Market Loses
There's More than Election 2012 Moving the Stock Market Today
The stock market today is trading higher as investors await the results of Election 2012. By the end of tonight, barring legal battles that could delay a winner, the uncertainty surrounding the election will be over.
But there's more than the election that's affecting markets today.
As voters head to the polls, it's only fitting that the one economic report released today is on jobs.
- Job openings...
Who Will Win Election 2012 and Lead America Over the Next Four Years?
Election 2012: Is Today's Presidential Election More About Lost Dreams Or a New Promise?
In what can only be described as a madcap dash for votes in key battleground states, President Barack Obama and Candidate Mitt Romney worked the crowds late into the night.
As well they should. Almost every Election 2012 poll I've seen has the candidates in a neck-and-neck race headed into today's finish line.
As of press time:
- CNN's survey has them in a dead heat at 49% to 49%.
- Pew Research...
Hurtling Over Fiscal Cliff Likely Regardless of Election Outcome
Representatives of the Group of 20 (G20) industrialized countries meeting in Mexico City over the weekend begged U.S. officials attending the meeting to avoid the impending fiscal cliff in 2013.
Chile's finance minister, Felipe Larrain told Reuters, "If we're not able to resolve the cliff, that could be the tipping point for a much more complicated scenario in the world economy."
The G20 clearly recognizes the...
What to Expect from Gold Prices If Romney Wins Election 2012
With the presidential election less than one week away, market watchers are estimating what kind of impact a Mitt Romney win would have on the markets, including gold prices.
Gold is expected to continue its rise in 2013, reaching up to the $2,000 mark - or higher.
On Oct. 23, Deutsche Bank analysts called for gold to exceed $2,200 an ounce next year. This came in light of the stimulus measures by central banks.
They wrote in a...
Election 2012 Means the Real Bernanke Bombshells Won't Fall Until December
If you were expecting big news from this week's Fed meeting it looks like you are going to be in for a long wait. This week's FOMC meeting was business as usual.
There was no change in interest rates, no change in the determination to keep rates low into 2015 and no change in the Fed's latest solution, otherwise known as QE infinity.
The truth is the real...
Tonight's Presidential Debate: Who Will Clinch the Final Face Off?
For the third and final time, U.S. President Barack Obama and GOP presidential hopeful Mitt Romney will take center stage and face off tonight, with the showdown set for Lynn University in Boca Raton, Florida.
With the two candidates running neck-and-neck - a fresh NBC News/Wall Street Journal poll shows President Obama and Romney tied at 47% -- and just 15 days until Americans cast their ballots for our 45th U.S. president, a stellar showing is imperative. Whoever wins Monday's debate will have the...
- Job openings...