Unlocking Real Value Blog

The election results are starting to roll in – and regardless of whether or not the Republicans win the Senate, it seems pretty obvious that there will be split power in Washington for the next few years. That is good news for the markets, because split power – gridlock – means that it will be very difficult if not impossible to enact major – and expensive – legislation. This is good for the deficit. Now, obviously we need to make some serious progress on the economy over the next few years. But this gridlock scenario helps put a ceiling on spending – and that is a positive. Read more from our last newsletter article entitled Political Gridlock Looms … Markets Cheer!

This entry was posted on Tuesday, November 2nd, 2010 at 3:10 pm and is filed under General Interest, Investment Managers, Sponsors, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response below, or trackback from your own site.