Forecasting for the post-election economy and a post-Bernanke Federal Reserve
Welcome to Capital Account. US voters headed to the polls to elect the next President and dozens of congressional representatives. There’s been an array of favorable economic news in the US recently: Increased hiring, the lowest household debt since 2003, the highest consumer confidence in four years, a fall in cumulative debt as a share of disposable income and a recent 1.1 percent jump in retail sales. We talk to Credit Writedowns founder Edward Harrison about what a post-election economy may look like. We ask him if he thinks the US is out of its slump, and if the US is moving towards a period of sustainable growth that will continue regardless of who becomes President.