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Week of October 26, 2008 - November 1, 2008

Correlation or Causality?


I am becoming concerned that Obama's lead is decreasing, seemingly at the same time the world stock indexes are registering increases over several days.

It could be a simple case of random correlation of investor optimistic economic perception (in my opinion, currently unwarranted) and complex set of very different effects that define the dynamic of this campaign.

However, the clear Obama lead in the polls only emerged after his clearly superior performance in the face of the international economic meltdown.  I felt that Obama's rise was significantly dependent on the public's preference for his calmness, intellect and better policy prescriptions in the face of this historic calamity.

It is possible that a week of rising equity indicators will convince the low information voters that the economic crisis has "blown over" and Obama's economic advantage is less important.  The slip of several percentage points, combined with sophisticated and persistent Republican vote suppression efforts just may allow Palin/McCain to secure an unlikely victory.

Tell me why this isn't so.  Please...
« October 5, 2008 - October 11, 2008 | Home

dimitry

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