Wednesday, October 3, 2012

Interested in the Bottom Line? Watch tonight's debate.

This time, politics is key to understanding FI price change ahead.

We have a radical at the helm, the first such experiment of our generation (given that McGovern was rejected). If we were simply journalists we would mourn our present situation. We are strategists and thus responsible for something aside from noise.

Haven spoken personally with a few CEO’s , most notably Paul Otellini of Intel (and having worked closely with his brother, Monsignor Otellini) we have known the key hindrance to US vigor, that prime retardant – employer disgust with administration policy.

All of us received the results of the recent Business Roundtable, NAM and NFIB surveys in which respondents cited gov’t policies such as taxes and regulatory changes as their biggest concerns.  We knew that but it is nice to hear it from the horse’s mouth. This has them putting off hiring and spending decisions because they don’t know what to expect in the months ahead.

Thus, put considerable stock in the November results. Otellini and other corporate leaders will be cheered by a Romney win.  They will be discouraged given the reality of another 4 years of Obama.


Robert Craven

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