{"id":4490,"date":"2009-03-31T07:30:10","date_gmt":"2009-03-31T12:30:10","guid":{"rendered":"http:\/\/www.shotinthedark.info\/wp\/?p=4490"},"modified":"2009-03-30T15:54:31","modified_gmt":"2009-03-30T20:54:31","slug":"survey-says","status":"publish","type":"post","link":"http:\/\/www.shotinthedark.info\/wp\/?p=4490","title":{"rendered":"Survey Says…"},"content":{"rendered":"

Financial advisors are by no means infallible but tend to work with clients that plan for the future, heavily discount\u00a0 government’s role in their planning, and are self-employed. As such, they probably tend to have a pretty good handle on what drives investors and the economy – not to mention often times being self employed themselves.
\nWhat say they <\/em>regarding our governments efforts to salvage our economy?<\/p>\n

from Financial Planning<\/a> Magazine yesterday:<\/p>\n

\n

Brinker Capital, an investment management firm, published its Brinker Barometer, a gauge of financial advisor confidence and sentiment related to the economy and the markets. It concluded that advisors across the industry are skeptical of the government\u2019s attempts to shore up the economy. \u201cFinancial advisors continue to be concerned about the state of the U.S. economy and are critical of the Obama Administration\u2019s efforts to introduce a meaningful stimulus package,\u201d said John Coyne, president of Brinker Capital, in a public statement. \u201cFully 77% of respondents say the final stimulus plan will not be effective, while 88% of advisors contend that the plan itself was not the product of a bipartisan effort.\u201d<\/p>\n<\/blockquote>\n

\n

About 43% of advisors surveyed said that government\u2019s efforts should have job creation as the top priority. Tax cuts came in second at 30%, with housing and mortgage relief third at 16%.<\/p>\n<\/blockquote>\n

How about Mr. Obama himself?<\/p>\n

\n

When asked to grade President Obama\u2019s performance so far with a mock school-grading system, nine percent gave him an \u201cA,\u201d while 66% graded him between \u201cC\u201d and \u201cF.\u201d<\/p>\n<\/blockquote>\n

Despite the Governments worst (and predictable given the current administration) efforts, advisors think<\/a> that the markets, in anticipation of the economy, will improve – albeit slowly – despite the Obama Administrations ill-advised tactics.<\/p>\n

\n

Sixty percent of respondents think that the economy will emerge from recession in 2010. And more than one-third of respondents believe that it will take more than six years\u2019 for portfolios to recoup their losses.<\/p>\n<\/blockquote>\n

Just in time for Obama to take credit although it will be too late as his supporters will have realized by then that they are still making their own mortgage payments and filling their own tanks with gas.<\/p>\n

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Financial advisors are by no means infallible but tend to work with clients that plan for the future, heavily discount\u00a0 government’s role in their planning, and are self-employed. As such, they probably tend to have a pretty good handle on what drives investors and the economy – not to mention often times being self employed […]<\/p>\n","protected":false},"author":228,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57,68,64],"tags":[],"class_list":["post-4490","post","type-post","status-publish","format-standard","hentry","category-economy-and-the-market","category-capitalism-v-socialism","category-president-obama"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/4490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/228"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4490"}],"version-history":[{"count":0,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/4490\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4490"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}