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sabra

(30,404 posts)
Mon Oct 19, 2020, 03:28 PM Oct 2020

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 bank’s 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

8 replies = new reply since forum marked as read
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Goldman Sachs says Democratic sweep would unleash 'substantially' more stimulus (Original Post) sabra Oct 2020 OP
Kick dalton99a Oct 2020 #1
Well.... volstork Oct 2020 #2
K&R ItsjustMe Oct 2020 #3
K&R Sherman A1 Oct 2020 #4
What he really means is 3825-87867 Oct 2020 #5
YUp. When profits offset taxes because they are getting more federal $$$ back - Socialism? Tommymac Oct 2020 #7
K&R Stuart G Oct 2020 #6
I predict a huge spike UP in the stock market on a Biden win. not_the_one Oct 2020 #8

3825-87867

(827 posts)
5. What he really means is
Mon Oct 19, 2020, 03:53 PM
Oct 2020

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.

 

not_the_one

(2,227 posts)
8. I predict a huge spike UP in the stock market on a Biden win.
Tue Oct 20, 2020, 10:55 AM
Oct 2020

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...

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