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Twelve key swing states will likely determine the presidential election and of those eight of those have unemployment rates at or below the national average of 8.2%. States like Ohio and Pennsylvania are doing exceptionally well because of the booming natural gas industry – called fracking. These states represent an exception to the situation. Why do the remaining states have economic issues relative to these twelve? Is it the discrepancy between the legacy cost of living index? The real cost of living index that the Chapwood Index represents sheds a bright light on the problems with the current CPI. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox Business’ Varney & Company to examine these twelve states and why they are doing well in comparison to others.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: chapwood index, cost of living, cpi, financial advisor, fox business, fracking, natural gas, presidential election, unemployment rate, wealth manager