Unlocking Real Value Blog

Early – Very Early – Thoughts on the Election Results

The election results are starting to roll in – and regardless of whether or not the Republicans win the Senate, it seems pretty obvious that there will be split power in Washington for the next few years. That is good news for the markets, because split power – gridlock – means that it will be very difficult if not impossible to enact major – and expensive – legislation. This is good for the deficit. Now, obviously we need to make some serious progress on the economy over the next few years. But this gridlock scenario helps put a ceiling on spending – and that is a positive. Read more from our last newsletter article entitled Political Gridlock Looms … Markets Cheer!

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