{"id":742,"date":"2012-11-26T15:16:52","date_gmt":"2012-11-26T20:16:52","guid":{"rendered":"http:\/\/assetpreservationadvisors.com\/?p=742"},"modified":"2012-11-27T12:32:54","modified_gmt":"2012-11-27T17:32:54","slug":"november-commentary","status":"publish","type":"post","link":"http:\/\/162.241.140.166\/~asset\/commentaries\/november-commentary\/","title":{"rendered":"November Market Commentary"},"content":{"rendered":"

Although the re-election of President Obama was a decisive victory for his supporters, the celebration may prove short-lived as both camps in Washington faced the complex challenges of dealing with tax reform, deficit reduction and revenue enhancements. All wrapped up in time for the holidays, the \u201cfiscal cliff\u201d and its impact on taxpayers and the economy appeared to only increase anxiety across all income levels. <\/em><\/strong><\/p>\n

In a unique approach to quantifying this anxiety, two professors and a Ph.D. candidate from Stanford University and the Booth School of Business at the University of Chicago, launched a website at \u201cpolicyuncertainity.com.\u201d Their research and methodology is explained in detail on the website and we encourage our readers to visit the site as a useful component in trying to decipher exactly what is behind all the noise surrounding the \u201cfiscal cliff\u201d and what the debate can mean for all. To quote the opening paragraph under the \u201cresults\u201d section of the website: \u201cAs measured by our index, we find that current levels of economic policy uncertainty are at extremely elevated levels compared to recent history\u2026 Since 2008, economic policy uncertainty has averaged about twice the level of the previous 23 years.\u201d\u00a0 So, while the election proved decisive in one sense, we respectfully submit that the victory might resemble the adage of the dog chasing a car. What does the dog do when he catches it? The President and his Administration now own the economy.\u00a0<\/em><\/strong><\/p>\n

Read Full Commentary Here<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Although the re-election of President Obama was a decisive victory for his supporters, the celebration may prove short-lived as both camps in Washington faced the complex challenges of dealing with tax reform, deficit reduction and revenue enhancements. All wrapped up<\/p>\n

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