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Warpy

(111,437 posts)
Tue Oct 6, 2020, 05:44 PM Oct 2020

Goldman's chief economist breaks down why a Biden-led blue wave would prompt an upgrade in growth

Current polling suggests a blue wave led by Democratic presidential nominee Joe Biden is becoming more likely, as he extends his lead following last week's presidential debate, Goldman Sachs said in a note on Monday.

Democratic control of the presidency and both the House and the Senate would likely lead to a surge in economic growth, according to Goldman, as it would give Biden and his party more latitude to pass their legislative agenda.

https://markets.businessinsider.com/news/stocks/stock-market-outlook-biden-blue-wave-boost-growth-goldman-sachs-2020-10-1029649255#

Good article, talks about balancing increases on the rich and the corporate balancing spending at the bottom. The rich and the corporate are starting to notice those sharply lower returns this year, so their resistance will be only token.

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Goldman's chief economist breaks down why a Biden-led blue wave would prompt an upgrade in growth (Original Post) Warpy Oct 2020 OP
Wait a minute. klook Oct 2020 #1
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