The prediction markets right now are telling us that the presidential election is basically a tossup, said Eric Zitzewitz, a Dartmouth economist.
And with low unemployment, high economic growth and increasing productivity, you would expect that the presidential incumbent would be a shoo-in, said Jim Paulsen, an independent economist and a longtime market strategist.
High inflation, after 40 years without it, has been a shocker. It may be coloring people's views of the economy and of the current administration in a disproportionately big way.
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