Elections Uber Alles?

What if they held an election and nobody noticed?

That’s the situation in Germany right now. Their federal elections will be held in a month, but German voters don’t seem to care. In spite of scandals involving defense procurement or plagiarism by her ministers, Angela Merkel remains well-liked. It is widely seen that this election will have a significant impact on the future of the Euro, but the German public just isn’t that engaged.

Recent polls indicate that less than a third of voters are following the election and fewer than half could even tell you when it is going to take place. When the ruling party has a popular leader and the opposition party doesn’t put a credible alternative forward, this kind of apathy is the result. In a head-to-head contest, Merkel leads her opponent 63 to 29 percent–among those who bothered to respond.

So it looks like the upcoming contest will be a snoozer: a wide majority for the Chancellor, but low-turnout and no broad mandate. Which is a shame: because if no one votes, nothing is really decided.

Douglas R. Tengdin, CFA

Chief Investment Officer

By |2013-08-22T10:27:21+00:00August 22nd, 2013|Global Market Update|0 Comments

About the Author:

Mr. Tengdin is the Chief Investment Officer at Charter Trust Company and author of “The Global Market Update”. The audio version of each post can be heard on radio stations throughout New England every weekday. Mr. Tengdin graduated from Dartmouth College, Magna Cum Laude. He received his Master of Arts from Trinity Divinity School, Magna Cum Laude and received his Chartered Financial Analyst (CFA) designation in 1992. Mr. Tengdin has been managing investment portfolios for over 30 years, working for Bank of Boston, State Street Global Advisors, Citibank – Tunisia, and Banknorth Group. Throughout his career, Mr. Tengdin has emphasized helping clients manage their financial risks in difficult environments where they can profit from investing in diverse assets in diverse settings. - Leave a comment if you have any questions—I read them all! - And Follow me on Twitter @GlobalMarketUpd

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