by Mark Schniepp • October 20, 2016
Is the Campaign affecting the economy ?
The debates have been raucous, the mud-slinging unprecedented, but no, the darker side of the presidential election season has not meaningfully impacted the economy.
Consumer and business conﬁ dence remains sturdy, and though overall sentiment isn’t quite as strong as in previous expansions, the current levels aren’t too far off the record highs. Retail spending remains strong, and that includes record levels of vehicle purchases this year. So the American consumer seems largely unaffected by the campaign season. Furthermore, ﬁnancial markets are calm, even buoyant, as stock prices hover near record highs and interest rates remain low and show very little volatility. Read More→