Musing on the eve of the US election
Some never thought the day would arrive, but one of the most contentious presidential elections in history, between Donald Trump and Hillary Clinton, is set to take place tomorrow. Polls indicate a win for Clinton but we will only know the outcome once the votes are cast and results tallied.
Similar to what was seen earlier this year with the UK EU Referendum, one of the most striking things that has become painfully apparent during this election cycle is the deep divide among demographic lines. Whilst divides have been forming for a long time, this race in particular has highlighted the divide among age, education and socio-economic backgrounds. The new President will have their work cut out for them to try to bridge that divide and create a bi-partisan environment. It will not be an easy task.
Nobody knows for sure what tomorrow will bring. But, it will bring a degree of certainty to what direction policies are likely to be positioned for the next four years. And, certainty goes a long way towards being able to plan for and make financial decisions.