Election Countdown: Financial markets guru predicts a win for Obama

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Election Countdown: Financial markets guru predicts a win for Obama

Romney and Obama do battle…but does the election outcome really matter?

6.15am, 27th Oct., 2012 PST: Financial markets guru and Editor of ‘The Market Oracle, Nadeem Walayat, predicts President Obama will be re-elected on November 6th with the probability favouring more than 300 electoral votes. And this despite what he calls misleading highly erroneous opinion polls that give the illusion of a close race, and despite which way Ohio goes.

Walayat states:

…There has been no net change since the release of September jobs report as the trend continues to build towards Obama increasing the real events based gap between himself and Mitt Romney by election day, enough to push through the 300 barrier, with or without Ohio and even a bad October Jobs report of a rate above 8% (I expect 7.9%), will not have enough time behind it to create enough momentum to make much impact at such a late stage.

The bottom line is that Romney failed to re-ignite the momentum that built up following he first debate that was halted by the 6th October Unemployment report, instead his performance during subsequent debates has been weaker than Obama’s and therefore the election really was lost by Mitt Romney during mid September following the 47% video, which crippled his chance of ever taking the lead…

Source: The Market Oracle

However, the question remains: Does the election result really matter? Has a US election result mattered since the Kennedy era?

We attempt to answer these questions in our international thriller novel, The Ninth Orphan (The Orphan Trilogy, #1), and shed some light on who wields the real power in today’s world…