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Monday, October 3, 2011

Kenneth Rogoff: 2012 elections portend even greater volatility

Kenneth Rogoff: 2012 elections portend even greater volatility The end of 2012 will mark a once in twenty year overlap of a presidential election in the United States with a leadership transition in China. France also chooses its president in the spring of next year, Germany its chancellor later in 2013.

Unfortunately, election year pressures threaten to complicate an already very difficult and unpredictable policy dynamic, particularly as the European crisis goes from bad to worse.
http://link.ft.com/r/J0VG55/R3TJVR/WL1GSD/97ZTE5/SPTQF9/RF/h?a1=2011&a2=10&a3=3

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