How it Pays for Investors to Get Timing Right on US Presidents

Financial Times, Oct. 24, 2016
However, the reality is more complex. What to Expect When You’re Electing, a fascinating study by a group of academics, including Gerald R Jensen of Creighton University, found that bond markets indeed welcome gridlock, as it makes it harder for presidents to be fiscally irresponsible (either by cutting taxes too much or by borrowing too much).
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