Goldman Sachs says Democratic sweep would unleash 'substantially' more stimulus
Source: CNBC
A Democratic blue wave in November could unleash the fiscal floodgates and fuel the amount of stimulus flowing from Washington, Goldman Sachs told its clients on Monday.
The banks chief economist, Jan Hatzius, wrote in a note that a large Democratic Senate majority could coordinate more Covid-19 relief, infrastructure spending and new minimum wage legislation.
...
Goldman Sachs also reiterated its finding that the boost to U.S. economic growth from fiscal stimulus favored by the Biden campaign would outweigh the negative effects of tax increases, particularly in light of the fact that the increased tax revenue would go to funding new spending.
The bank noted that public opinion polls, prediction markets and statistical models imply that Democrats are likely to win the presidency, the House and the Senate. The 2020 elections are scheduled for Nov. 3.
Read more: https://www.cnbc.com/2020/10/19/election-2020-stimulus-goldman-sachs-democratic-sweep.html
volstork
(5,394 posts)DUH.
3825-87867
(827 posts)hey guys, now it looks like we can make more money if the Dems win! Let's do it!
That's all that matters to them even over the fear of someone like Elizabeth Warren coming after them after the election. They'll get their baubles and then leave town with everything they can carry.
Tommymac
(7,263 posts)not_the_one
(2,227 posts)But, I don't have money, and don't know shit about the stock market.
So YMMV.
edit to add, yes, I know "spike" implies UP..., just wanted to be abundantly clear...