Goldman Sachs: A Democratic Sweep Would Mean Faster Economic Recovery
By News
Published 4 years ago on
October 7, 2020
Share
[aggregation-styles]
CNN
President Donald Trump is once again warning voters that Democrats would “shut our economy and jobs down” if they win in November.
Goldman Sachs is telling its clients the exact opposite.
Just hours after Trump’s all-caps Monday morning tweet predicting economic disaster, Goldman economists pointed out that polls “suggest a ‘blue wave’ in which Democrats gain unified control of Washington is becoming more likely” — and they’re not suggesting investors dump stocks.
In fact, “all else equal, such a blue wave would likely prompt us to upgrade our forecasts,” Goldman Sachs chief economist Jan Hatzius wrote in a Monday report.
Read More →
CNN
President Donald Trump is once again warning voters that Democrats would “shut our economy and jobs down” if they win in November.
Goldman Sachs is telling its clients the exact opposite.
Just hours after Trump’s all-caps Monday morning tweet predicting economic disaster, Goldman economists pointed out that polls “suggest a ‘blue wave’ in which Democrats gain unified control of Washington is becoming more likely” — and they’re not suggesting investors dump stocks.
In fact, “all else equal, such a blue wave would likely prompt us to upgrade our forecasts,” Goldman Sachs chief economist Jan Hatzius wrote in a Monday report.
Read More →
By Matt Egan | 6 Oct 2020
RELATED TOPICS:
Fresno State’s Randa Jarrar Dragged Out of Event Featuring Big Bang Theory’s Mayim Bialik
Latest /
15 hours ago
Trump Calls Judge ‘Crooked’ After Facing a Warning of Jail Time if He Violates a Trial Gag Order
Politics /
15 hours ago
Federal Reserve Says Interest Rates Will Stay at Two-Decade High Until Inflation Further Cools
Economy /
15 hours ago
House Passes Bill Expanding Antisemitism Definition Amid Campus Protests Over Gaza War
Politics /
15 hours ago
Trump Awarded 36 Million More Trump Media Shares Worth $1.8 Billion
Business /
16 hours ago
Categories
Latest
Videos
Latest /
15 hours ago
Fresno State’s Randa Jarrar Dragged Out of Event Featuring Big Bang Theory’s Mayim Bialik
Politics /
15 hours ago
Trump Calls Judge ‘Crooked’ After Facing a Warning of Jail Time if He Violates a Trial Gag Order
Latest /
2 days ago