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Will a change in US Presidency lead the economy to recovery?

As we approach what has been one of the more closely contended presidential battles in US history, many people are starting to ask if the forthcoming change will see a feel good factor return to the US and lead the economy higher. Will it happen?

While history is littered with events which have encouraged the feel good factor, where the economy is concerned this has often proved to be very short lived. We saw a slight return of the feel good factor in the UK when Northern Rock was rescued and a £50 billion finance package was put in place for the banks - this did not last long!

The US will no doubt see keen interest in the new president, as and when the result comes through, but a short term spike in the economy seems very unlikely. The country is literally on it knees and recently we saw the need to bailout two of the largest mortgage groups in the US - Freddie Mac and Fannie Mae.

Unfortunately times are still very hard in the US, and the rest of the world as a consequence, and a change in the figurehead of the country will not make any meaningful difference in the short term. Medium to longer term we will see new policies but life will be tough for some time yet!

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