Portland Hobby Jogger wrote:
agip wrote:
Attaboy trumpy. Trade wars are easy to win
Moran Repubs.
https://twitter.com/zekejmiller/status/1313459698067275778?s=21
Well known communist revolutionaries, Goldman Sachs, have this to say about a Biden/Harris victory and a "Blue Wave" election result:
https://fortune.com/2020/10/05/biden-win-2020-us-economy-goldman-sachs-predictions-blue-wave-democrats/https://www.forexlive.com/news/!/goldman-sachs-scenario-on-a-blue-wave-election-win-mixed-implications-equities-20201006Welcome to the resistance, glorious socialist comrades!
Rs like Sally who shout 'taxes taxes taxes' need to read and grok this bit.
Note that GS acknowledges corporate taxes may go up, but still thinks the companies will be better off.
GS:
Our market views remain broadly procyclical, consistent with our above-consensus global growth forecast. While a blue wave would have mixed implications for broad US equity indices
GS see a negative in the form of:
a sizable increase in the corporate income tax rate by up to 7 percentage points
But positives as:
would likely result in substantially easier US fiscal policy
a reduced risk of renewed trade escalation
and a firmer global growth outlook
More:
These shifts should be clearly positive for cyclical sectors, as well as firms that pay most of their taxes outside the United States. In addition, we would expect a material backup in longer-term sovereign bond yields as well as support for our standing forecasts of higher commodity prices and a weaker US dollar.
(bolding mine).