We've all heard that sequestration will be bad for the economy. Therefore, you would expect financial advisors would be opposed to it. You would be wrong!
A survey last week found a whopping 66% of us were in favor of it. Bring it on! We're in favor of it, despite the fact that 74% thought the economy would definitely be hurt. That's because 73% of us concluded the short-term pain to the economy would be worthwhile over the long-term.
Because financial advisors are notoriously Republican, it should not be surprising that 51% believe the President is to blame and only 17% blame the Congressional Republicans. 28% think both sides are equally guilty.
Frankly, that does not surprise me. However, I would be surprised if my fellow advisors are so sanguine about a government shutdown later this month or, even worse, a debt default if the debt ceiling is not raised later this year. We'll see . . .
A survey last week found a whopping 66% of us were in favor of it. Bring it on! We're in favor of it, despite the fact that 74% thought the economy would definitely be hurt. That's because 73% of us concluded the short-term pain to the economy would be worthwhile over the long-term.
Because financial advisors are notoriously Republican, it should not be surprising that 51% believe the President is to blame and only 17% blame the Congressional Republicans. 28% think both sides are equally guilty.
Frankly, that does not surprise me. However, I would be surprised if my fellow advisors are so sanguine about a government shutdown later this month or, even worse, a debt default if the debt ceiling is not raised later this year. We'll see . . .
