Voting in the Michigan primary today, I began to ponder how we got into the political mess we’re in.
I am enamored of neither of the leading parties’ leading candidates. It appears likely at this stage that one of them may end up being president, unless an indictment surfaces for one, or anger subsides and cooler heads prevail, for the other.
I am hopeful that the framers were mindful that a situation like this might arise, and that the normal system of checks and balances will keep the republic on sound footing.
Clearly, investment implications arise based upon campaign planks that morph into policies and become law (see the Affordable Care Act). Hence, investors cannot ignore the process.
All comments and suggestions are welcome.
Bob Bilkie, CFA®