Well, not exactly… but since I, nor anyone else, know how to make the connection to the markets and Fox News watching investors, it’s only an amusing assumption.
“Given the opposing views on the speed and degree of fiscal consolidation necessary, the status quo outcome implies difficult negotiations ahead on the fiscal cliff … and the debt ceiling,” analysts at Nomura wrote in a note to clients.
Reading recent Krugman makes you wonder if that loyalty has in fact spread past the republican caucus.
Given the starkness of this difference, you might have expected to see people from both sides of the political divide urging voters to cast their ballots based on the issues. Lately, however, I’ve seen a growing number of Romney supporters making a quite different argument. Vote for Mr. Romney, they say, because if he loses, Republicans will destroy the economy.
I’d come to the conclusion some time ago that watching TV news is not a healthy activity. And as dangerous as irrational exuberance is, I’d add that the dangers of irrational pessimism are equally as bad. But if we were to have a Jonestown style fiscal suicide among conservative investors, the dirty rotten little liberal in me hopes it happens just before a robust Obama economic resurgence. And despite my health advisory, I’ll watch the squealing on Fox News.