Stock market tanks for a while, although economic activity and hiring will start picking up. Interest rates will go up from their artificially low levels. If Romney is serious, there will be 2 or 3 years of pain, and then things might be on a path to soundness. If he is not serious, he will only slow down the collapse by a few years.
Agreed.
Market sell off.
Free money (Fed QE*) under doubt.
Dollar rally ?
4 to 6 months in office is just the start of the “prove it to me” process.
Buy stock in companies that print Pardons, because Barry will be handing them out from Nov. 8th until Jan.20th (and he still may not get them all done).
I think that the peculiar buoyancy of the stock market recently is actually a Romney win baked-in. However, the next few years won’t be very good economically - but he can blame The Bammer for at least a few years, given the precedents; also, I think that a good number of people will give him some slack to get the debt under control.
What I DO worry about, is a very nasty, dirty Dem majority as an even nastier, dirtier Dem minority. And The Bammer as an ex-president might even be worse then he was as a president. Case in point: Carter. And Obama is much younger than Carter was and I don’t see him fading into the sunset for the next 30-40 years.