BlackRock’s conclusion of the US election

• Neither party has a clear mandate after the election. This means hard work in avoiding the fiscal cliff of automatic tax hikes and spending cuts. Another debt downgrade could result.

• The outlook of the US economy is either: the sky dive off the cliff or the last-minute hard stop. Expect increasing market volatility.

• Even under the best-case scenario the US economy is likely to run into trouble next year.

• Powered by shale oil and gas - US could become the biggest G7 growth story if politicians can compromise

Please click on the link below to read report.
https://docs.google.com/file/d/0BwxEiu6UUke9MHVnNnNKUkhXSFk/edit