Country’s Economic Outlook Heavily Influenced by Politics

The University of Michigan released the consumer sentiment survey this year with some new included information: political affiliation. This survey, along with others, is used as a factor to forecast the country's overall economic outlook. Conservatives are largely optimistic and Liberals are largely pessimistic. Paul and Evan talk about how politics sneak into our financial systems and why it’s important to not respond to the movements of interest rates and markets because short-term outlooks are based on sentiment.

 

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