Bush wins; Greenspan cuts; markets fall
Well, let's see: Republicans take full control of every branch of government. Alan Greenspan whacks the federal funds rate again. And the stock market takes a big dive.
Could it be that Wall Street really wants Harvey Pitt back?
Or does the market see the combination of likely fat tax cuts and an expensive war with Iraq as leading to a deadly combo of Big Government and big federal debt -- with no brakes?
I think investors may quickly come to miss the stalemates of split government.
|
