In this special episode of The Navigator, Tim Leary, Senior Portfolio Manager on the BlueBay U.S. Fixed Income team, and Clay Lowery, Executive Vice President, Research and Policy at the Institute for International Finance, discuss the mood in Washington, DC leading up to the election on November 5th. They go into detail on the potential outcomes and the policy impacts of what comes next, and address what it all means for financial markets and the global economy.
Key Points
The mood in Washington is apprehensive.
There appears to be a 50/50 split in the Presidential race and we’re most likely looking at a divided government. That will determine the policy reality going forward.
The election will have a significant impact on social, monetary, tax, fiscal and trade policy going forward.
Neither of the candidates has been talking in ways that could be considered fiscally responsible.