Here’s The Political Black Swan That Could Collapse Confidence And Suck Markets Into A Black Hole
Global Macro Monitor
Oct. 21, 2012
Fiscal cliff collides with a replay of the Bush v Gore 2000 fiasco. Not good.
We noted in an earlier post today Governor Romney has moved ahead of President Obama on the Real Clear Politics electoral map for the first time of this presidential campaign. The Governor has also opened a 7 point lead in the Gallup national tracking poll of likely voters.
We recognize that 19 days is an eternity in politics, but the underlying dynamics with states moving in and out of play and the tightening of polls in the battleground states has increased uncertainty, at least in our opinion, on who will be the next POTUS.