3
Nov
2008
It has been almost a week and nothing significant has been heard of with regards to the state of businesses and economies around the world. What gives? Apparently the whole focus is on the results of the elections which is currently underway to which Obama and McCain are slugging it out for the right to be proclaimed the President of the United States. At the moment, Obama holds a precarious lead but with the ballot counting underway, anything can happen.
The mindset of most people is an Obama victory. So what happens next once this happens? Well for one, regardless if it is Obama or McCain, the business sector is paying close attention to it since they want to know what plans the next U.S. president has in store. For sure, economic practices will change and hopefully for the best. At the moment, the business sector is losing confidence in making any investments, possibly holding it off until after the elections.
Asian markets are rising incrementally. We have seen this before. While they may seem to be rebounding bit by bit, it remains that nothing beats seeing a stable stock market once again. All eyes are on the U.S. presidential elections. The impact of the new president will certainly be prevalent to how the business sector will react to the new policies and trade practices after either Obama or McCain hold public office.
With that said, expect some fluctuations in the market. The only question is will it be good or bad.
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