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Malmgren predicts post-election pain in the US

VIDEO: The dire health of the United States economy means it is irrelevant who wins next week’s presidential election, as neither candidate has a proper plan to kick start growth and deal with the 'fiscal cliff'.

That is according to former White House advisor and CEO of Principalis AM Pippa Malmgren, who was speaking at the Citywire Italy Fund Selector Forum held at Lake Garda.

Malmgren said neither candidate would be willing to let their party take on sole responsibility for imposing stringent measures on voters and would only take a necessary course of action with support from the opposition.

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