Daily: My Reaction to the US Presidential Debate

There were a lot of media reactions to the Wednesday night US Presidential debate to sift through. The general consensus seems to be that Mitt Romney 'won' the debate and that this win makes the Presidential race closer. I think that's probably true. Given the jobs report that just came in showing a massive 873,000 new jobs via the household survey, Obama may have a tailwind though. So the debate is probably not a big dial mover.
But the question for investors and for the economy is what the difference between Romney and Obama means. The common ding against Romney is that he will say and do anything to become President and that what he says can't be believed. And if you believe this narrative, you will find his performance from Wednesday unconvincing. But my view is that Romney has pivote...

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