Given that the stimulus checks have mostly flowed through the system, into people's gas tanks and back to the Middle East, AND that consumers are still hurting, it would be interesting to see what impact is had by the delay. I mean, how much time did those checks buy?
It would be interesting if the real contraction, put off by the stimulus package, starts close enough (but before) the November election to have an impact on the outcome. Will energy markets have calmed down enough by then to reduce the possible pain on the McCain camp (by virtue of his association, however loose, with the sitting President)? Will the run-up to winter combined with increasing unemployment, leading up to the election, favor Obama? Where is the Black Swan?
Just something that came to mind as I prepare to go to sleep for a few hours.
Later, my peoples!
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