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Goldman Sachs: A Democratic sweep would mean faster economic recovery


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Goldman Sachs: A Democratic sweep would mean faster economic recovery

Source: CNN

New York (CNN Business) 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: https://www.cnn.com/2020/10/06/business/economy-election-blue-wave-goldman-sachs/index.html
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Just now, ArcticCrusher said:

Well truth be every day is like 50 first dates for MC.:lol:

Simple proof who benefits when the dems are in power......Big Banks.  

Edited by Highmark
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Yeah, for every story like this, the liberal media need some type of counter point.

this was from sept 4.

https://www.foxnews.com/politics/steve-forbes-biden-presidency-return-of-stagflation

A Joe Biden presidency would be "an unmitigated disaster" for the American economy, Forbes magazine editor-in-chief and two-time GOP presidential candidate Steve Forbes told "The Ingraham Angle" Friday.

 

According to the independent Tax Foundation, Biden's policies, which include raising taxes on individuals making more than $400,000 per year, would collect approximately $3.2 trillion over the following 10 years.

BIDEN WILL RAISE TAXES, 'CRATER' STOCK MARKET AND ECONOMY, SAYS KUDLOW

Forbes said such policies would "trash" the economy at a time when it would still be recovering from the effects of the coronavirus pandemic.

"This economy is recovering from those lockdowns, we're making some good progress, but we are still convalescing," Forbes said. "Those taxes would dry up investment at a time when Chinese companies are becoming more competitive in high tech -- we are going to hurt venture capital and the like.

 

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7 hours ago, racer254 said:

Yeah, for every story like this, the liberal media need some type of counter point.

this was from sept 4.

https://www.foxnews.com/politics/steve-forbes-biden-presidency-return-of-stagflation

A Joe Biden presidency would be "an unmitigated disaster" for the American economy, Forbes magazine editor-in-chief and two-time GOP presidential candidate Steve Forbes told "The Ingraham Angle" Friday.

 

According to the independent Tax Foundation, Biden's policies, which include raising taxes on individuals making more than $400,000 per year, would collect approximately $3.2 trillion over the following 10 years.

BIDEN WILL RAISE TAXES, 'CRATER' STOCK MARKET AND ECONOMY, SAYS KUDLOW

Forbes said such policies would "trash" the economy at a time when it would still be recovering from the effects of the coronavirus pandemic.

"This economy is recovering from those lockdowns, we're making some good progress, but we are still convalescing," Forbes said. "Those taxes would dry up investment at a time when Chinese companies are becoming more competitive in high tech -- we are going to hurt venture capital and the like.

 

More bullshit 

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1 hour ago, Mainecat said:

Yup Goldman is out to lose money by advising this fact.

Trump morons are a plenty here. 

Yes we should see huge economic growth when  Biden reinstates needless regulations that Trump dropped.

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MC's topic is like this one:

"If we change our times with the sole intent of increasing the amount of daylight we receive, that’s an extra hour of sunshine that will warm the planet. That’s one extra hour per day of extra heat warming our already unstable planet.
We need to repeal Daylight Savings Time as a primary measure to decrease the rate of climate change. Fewer hours of sunshine equal less heat hitting Earth’s surface. We’re running out of time!"
Alexandria Ocasio-Cortez

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  • Trying to pay the bills, lol

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