MacroVoices #430 Jim Bianco: Rate Hike On Deck
Macro Voices
Election Influence on Market Volatility and Government Spending
The upcoming election is likely to drive market volatility, but the focus should be on government spending rather than party affiliations. Market reactions are more tied to government spending, deficits, and the perceived stimulus levels. Both Democrats and Republicans need to focus on reining in spending, and tax cuts should be matched with spending cuts to be sustainable in the long term.
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