X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC-Within a week we will know the results of presidential election, absent another replay of the disputed 2000 election as some pundits suggest may happen. Even assuming we have a President Obama or a President Romney on Nov. 6, the guessing game about the financial direction of the country will still be on. That is because as of right now, sequestration–a component of the Budget Control Act of 2011—is set to go into force with across-the-board cuts in most spending areas.

Only a last-minute reprieve by a lame duck Congress can stave it off. Wall Street is counting on this happening, but LPL’s chief market strategist Jeff Kleintop in Financial Advisor magazine points out that if emotions are running strong after the election Congress might refuse to forge a solution.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.