INFRASTRUCTURE OUTLAYS * USA: Whoever wins the Presidential Election
* New York - Construction-based ETFs are outperforming S&P 500
--- The prospect of increased U.S. government spending is tantalizing investors who see such outlays as critical to revitalizing economic growth and ending the era of ultralow interest rates, while frustrating others who fear efforts won’t go far enough... After years in which central-bank stimulus measures have produced only sluggish growth, many economists say now is the time for the U.S. to embark on long-debated plans to build roads, bridges and sewers. Building infrastructure, they say, could boost employment, wages and productivity, the last of which has fallen disturbingly low in recent years, and create economic wealth far outweighing the costs of additional federal borrowing... Lifting hopes for such plans, Democratic presidential candidates Hillary Clinton and her Republican rival Donald Trump have proposed increasing infrastructure spending...
(PHOTO by CLAUDIO PAPAPIETRO/THE WALL STREET JOURNAL - The Tappan Zee Bridge, right, and construction of the new bridge to replace it) -- Washington, DC, USA - The WSJ, by AARON KURILOFF, CORRIE DRIEBUSCH and NICK TIMIRAOS - Oct. 23, 2016