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Obama wins, Bush stays in office

Currencies, Economic growth, Financial Events, Leverage, Oil markets
By Paul Hodges on 05-Nov-2008
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Sen. Barack Obama duly won a landslide victory in yesterday’s US Presidential election, but will not take office until 20 January.

I suggested last month in ICB, that “this delay, at such a critical moment, is not good news for chemical companies or for their customers”.

The blog therefore congratulates the new President, and expresses its hope that he will find a way to move forward on tackling the key economic issues. 11 weeks would be a long time for a policy vacuum to exist on these at the heart of Washington DC.