CIO Vantage Point;
Economic Outlook
November 07, 2012 Posted by:
Joe Morgan, CFA
The views expressed in this column are solely those of the author and do not reflect the views of SVB Financial Group, or Silicon Valley Bank, or any of its affiliates.
After around $1.5 billion spent and months of non-political news suppression as well as an accepted state of stagnancy in Washington, the election cycle leaves us pretty much where we were at the beginning the year including:
- Status quo in Beltway power seats
- Enormous fiscal challenges with no clear path forward
- Significant regulations remain unwritten
- Uncertainty of tax policy
The good news is the coming months will place lawmakers from both sides of the aisle in a room together compromising on important fiscal decisions to avoid a 5 percent cut in GDP next year due to the "fiscal cliff."
For the first time in two years, democrats and republicans will compromise in order to fade sun-setting and sequestering rule changes on spending and taxes.
Perhaps these successful compromises will lead to a "spirit" of compromise that will help drive decision-making for the rest of 2013 providing clarity for the private sector.
Perhaps!
The views expressed in this column are solely those of the author and do not reflect the views of SVB Financial Group, or Silicon Valley Bank, or any of its affiliates. This material, including without limitation the statistical information herein, is provided for informational purposes only. The material is based in part upon information from third-party sources that we believe to be reliable, but which has not been independently verified by us and, as such, we do not represent that the information is accurate or complete. The information should not be viewed as tax, investment, legal or other advice nor is it to be relied on in making an investment or other decisions. You should obtain relevant and specific professional advice before making any investment decision. Nothing relating to the material should be construed as a solicitation or offer, or recommendation, to acquire or dispose of any investment or to engage in any other transaction.
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Election SummaryNovember 07, 2012 Posted by: Joe Morgan, CFAThe views expressed in this column are solely those of the author and do not reflect the views of SVB Financial Group, or Silicon Valley Bank, or any of its affiliates.
After around $1.5 billion spent and months of non-political news suppression as well as an accepted state of stagnancy in Washington, the election cycle leaves us pretty much where we were at the beginning the year including:
Status quo in Beltway power seatsEnormous fiscal challenges with no clear path forwardSignificant regulations remain unwrittenUncertainty of tax policyThe good news is the coming months will place lawmakers from both sides of the aisle in a room together compromising on important fiscal decisions to avoid a 5 percent cut in GDP next year due to the "fiscal cliff."
For the first time in two years, democrats and republicans will compromise in order to fade sun-setting and sequestering rule changes on spending and taxes.
Perhaps these successful compromises will lead to a "spirit" of compromise that will help drive decision-making for the rest of 2013 providing clarity for the private sector.
Perhaps!
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