Global Insight Weekly - October 1
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The “but what if” factor – We all know the market hates uncertainty. So what happens if November 3 comes and goes and we don’t know who the next president is? We explain why we think the market should be able to stomach this disconcerting scenario. (pg 1)
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Keeping the federal debt manageable – With the Fed likely to hold rates near zero for at least three more years, we show how the low rate policy has been a huge boon to the federal budget. (pg 3)
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Regional highlights – Canadian housing surprisingly fairly resilient; Europe’s expansion continues, unemployment edges up; Tough sledding for the Hang Seng. (pgs 3-4)
“Happiness can be found, even in the darkest of times, if one only remembers to turn on the light.” ~ Albus Dumbledore