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Weekly Economic Commentary

Weekly Economic Commentary

Categories: General, General

Hillary Clinton notched another debate victory against her controversial opponent Donald Trump in the third and final debate last week. In fact, Hillary Clinton’s already won the election according to one bookmaker. Irish-based bookmaker Paddy Power has already paid out more than $1 million on bets the Democrat will take the White House next month. It's typical for gambling companies to pay out early when they regard the result as a foregone conclusion. Paddy Power has Clinton’s odds of victory at 88%.

This helps to explain Trump’s recent behaviours around the polls being rigged.

But a note of caution, betting agencies also paid out on “Bremain” before the Brexit vote…..hmmm.

Clinton and Trump Polling average

With Clinton pulling away in the polls (Clinton up 7 points at 46 versus Trump on 40, compared to a 4 point lead two weeks ago), financial markets are also repricing the risk of a Trump victory as “less likely” – which is probably good news for markets.

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Source: Rural Bank

 

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