Obama 2.0: What it Means for America, the Markets, the Dollar, and Gold

h forgot to mention that had Mitt Romney won the election, Obama Care and Dodd Frank might have been repealed. Such a possibility is now completely off the table. As neither of these horrific laws were fully implemented during Obama’s first term, the extent of the damage they will inflict on the American economy will not be evident until his second. Therefore, it makes perfect sense that the U.S. stock market would be marked-down to reflect the permanency of these laws. However, the biggest mark- down will likely be reserved for the dollar, and the American standard of living that depends on its purchasing power.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s