The results of yesterday’s elections further solidify the trend of increasing political volatility. Survey results indicate that much of this volatility has been driven by widespread dissatisfaction concerning the economic situation.
While this volatility has been recognized, many of its implications have lacked recognition.
On January 25, 2010 I wrote a post titled “Political Volatility.” This post discusses other implications, particularly economic, of this political volatility.
Also of (increasing) relevance is an article I wrote in December 2008 titled “President Obama’s Greatest Challenge.”
A Special Note concerning our economic situation is found here
SPX at 1193.57 as this post is written