Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
Wall Street did not wake up this morning as converts to the Democratic agenda. It woke up relieved that, for the next two years, nobody in Washington would be able to enact one. The blue tsunami that swept both chambers of Congress last night delivered something investors prize far more than any platform: a Democratic Congress that cannot override a Republican veto, facing a Republican president who can no longer pass a bill. The market loves inaction from the federal government, and it has just been promised two years of it.
Complete content is available for a $15 monthly subscription. Click here to subscribe:
Leave a Reply