November 17, 2016
Another “morning-after” discussion of the presidential election – this one in McAllen, TX, took place at the Rio Grande Valley’s annual Border Economics, Development and Entrepreneurship Symposium on Nov. 9. Bankers on a panel acknowledged uncertainty as to the impact of Donald Trump’s election.
But all were in agreement that relief from some of the industry regulations would be a welcome thing. Additionally, the bankers indicated that the possible increase in interest rates would be great for savers, while leading to higher borrowing costs.
An interesting highlight of the symposium was another presentation from University of Texas Rio Grande Valley business students, which focused on how economic variables impact voting behaviors. The result was that the Democratic vote skewed lower. Basically, “We predicted Trump would win, and we were right,” said Alicia Gomez, a UTRGV student, during the presentation.
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