Author: Ian m callander
editor-in-chief of The Callander Corner, Owner of IMC Branding Co., LLC
TAMPA - Tensions are high in Florida as mandatory recounts loom first a machine recount at a 0.5% margin and then a human count if the margin decreases to 0.25%. As of Friday morning it has been over 60 hours since Broward County was required to have early voting tabulated and has failed to do so. Legal teams are revving the lawsuit engines and candidates are standing by the belief in their own win. This tinnitus for Floridians who voted in the 2000 Presidential election is especially deafening because then nominees George W. Bush and Al Gore were separated by less than 600 votes. Today the Governor and Senator candidates hold 30,000 vote advantages, but in part because of the record voter turnout the lead is rapidly diminishing to the 0.5% recount thresholds. While the country seems to be lighting another political fire this drama is not taking place in the place where drama tends to befall it. The U.S. economy is, if nothing else, in alright shape given a few caveats.
BROAD STROKES: Opposing Houses, Trade, & GDP
With Senate and Congress decidedly split regardless of any recounts the markets see a light at the end of the tunnel, to an extent. Resistance from the house on the President’s intensive trade negotiations and tariff implementation will quell some of what spooks investors, bipartisanship on an infrastructure and reining in drug prices will boosts materials and calm drug stocks, respectively. The economy will keep chugging along and burping as it has, likely to keep up some impressive GDP, most recently measured at 4.2% growth.
We digest the big to the small, and relate the small to the big on topics like economics, innovation and the consumers' motivations.