Many investors are looking to find the 'next big thing' when
talking abouit emerging markets, and Turkey is one nation that is
attracting a lot of attention. However, the attraction of markets
will depend a lot of what's decided by the US government. That's
the issue discussed by the
Modern Wealth Management Blog.
Crucially, the next president of the US will be able to appoint
three members to the Federal Reserve (Fed) Board of Governors and
it is believed Romney would lean towards selecting inflation hawks
to fill these important posts.
Obama's selection is more likely to favour lower rates and the
current Fed - which is headed by Ben Bernanke, who was kept on as
chairman when the president came into power - has indicated it will
keep short-term rates close to zero until the end of 2014.
So, at a first glance, both contenders have polarised views on how
best to run the world's largest economy, therefore it is little
wonder there is so much conflicting opinion regarding the impact
the presidential election will have on the markets.