Wall St. are the socialists wanting “climate” action/green new deals etc.
it’s just that the Bernie Bros and idiots like Adbusters in Canada who claim they started Occupy Wall St and were going to lay siege to the White House for 50 days, are either too ignorant to know they are just “useful idiots” or they know and just won’t admit it.
6 Oct: Yahoo Finance: A blue wave of Democrats come November may be good for economy: Goldman Sachs
by Brian Sozzi
Goldman Sachs thinks a blue wave of Democrats — meaning full control of government via the presidency (Joe Biden), Senate and House — come November could be good for the U.S. economy.
“All else equal, such a blue wave would likely prompt us to upgrade our forecasts. The reason is that it would sharply raise the probability of a fiscal stimulus package of at least $2 trillion shortly after the presidential inauguration on January 20, followed by longer-term spending increases on infrastructure, climate, health care and education that would at least match the likely longer-term tax increases on corporations and upper-income earners,” wrote Goldman Sachs economist Jan Hatzius in a new note to clients on Monday.
Hatzius estimates such a fiscal stimulus package could bump up growth by two to three percentage points in 2021...
Not helping Trump is a debacle of a first presidential debate with Democratic nominee Joe Biden and an economy continuing to be ravaged by a pandemic the president has frequently downplayed.
A poll from Reuters conducted from Oct. 2-3 — following Trump’s COVID-19 diagnosis — found Biden leading Trump in the presidential race by a commanding 10 percentage points...
Indeed market goers would likely cheer a stimulus quickly passed by a Democratic controlled Congress early on in 2021.
“Clearly the market seems to be focused on the potential for a fiscal stimulus, it’s definitely needed for sustaining the spending power of consumers,” said Charles Schwab Investment Management CIO of Passive Equity and Multi-Asset Strategies Omar Aguilar on Yahoo Finance’s The First Trade...
https://au.news.yahoo.com/a-blue-wave-of-democrats-come-november-may-be-good-for-economy-goldman-sachs-181544426.html