The Forex foreign exchange market responded to the election of Obama for the second term of the presidency with a decrease in the dollar and futures on the exchange indices of America. The election of Obama suggests that the post of head of the federal reserve system remains with Ben Bernanke.
Many are awaiting the end of the year when the fiscal cliff will occur. The term means that two laws related to the country’s budget will cease to operate. Hopes that the president will be able to lead the country from a dangerous line is ghostly. Let us give the views of some analysts.
Mikhail Kozakov, Director of the Department of Financial Markets, IR Grandis Capital, shared his opinion. He noticed that the markets that followed the media in vain expected any changes. The victory of the competitor Obama would give the possibility of changes in terms of credit, money and fiscal policy.
Now, against the backdrop of the disagreements of the new president with Congress, additional taxes may appear, and the state debt plan to increase. The situation in the stock market, which has influence on all world platforms, will depend on the solution of these issues. However, surprises from China are expected. There, the new government is engaged in the development of the economy, which is able to revive a little and Russian markets. There is an opportunity to complete this pale and uninteresting year on an optimistic note.
And here is the opinion of the senior analyst IR “Cerich Capital Management” Oleg Dushkin. He noticed a coincidence with the expectation of a “fiscal cliff” and the re -election of Obama to the post of president. Many investors are confident that tax benefits will be canceled and difficult to reduce the budget. The consequences can become sad. This is an increase in unemployment and the fall of GDP. But, in the case of the election of Romni, it would hardly have been able to avoid these problems.
It has long been noticed that the solution of financial problems due to the low -income part of the population leads to economic success, but Obama categorically refuses to do. However, the views on the future are not so pessimistic. Once Obama had already managed to cope with the recession in the year, when the global financial crisis began.
The advantage of Obama’s policy is that he supports the formation of technology. Projects develop that increase the number of jobs. Unfortunately, the restrictions in the budget interfere with the full force.