Yesterday, when it became obvious that the Democrats are taking control of the senate, I had a little discussion with my investment banker on what all this means to the markets.
I told him, "It looks like we won't have a divided government, after all." He had told me previously that the financial markets love divided government as more radical policies wouldn't get enacted.
He said, "Market doesn't seem to care. Although obviously from a governing perspective, Joe doing whatever the hell he wants can't be good. I think the backstop is he can't implement a full left wing agenda because then they loose control in 2022."
We shall see. Hold on to your wallets, folks!
1 comment:
Problem is, it won't be Joe calling the shots. He'll be sitting in a fake Oval Office somewhere with a lifelike doll on his lap and he'll sit there feeling it and sniffing its hair all day. In late afternoon, Doctor Jill Biden will come and lead him upstairs and tuck him in.
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