Markets stateside could be in for a "significant correction" if the Democrats make a clean sweep in next year's elections in the U.S., according to Goldman Sachs' Timothy Moe.
A "unified Democratic result" where the party secures the presidency as well as both chambers of Congress would make the partial or full rescinding of tax cuts passed in 2017 "highly likely," said Timothy Moe, co-head of macro research in Asia at Goldman Sachs.earnings potentially by about 12% if you have a full of the tax cut," Moe told CNBC's "Squawk Box" on Friday. "That, in turn, could lead to a significant correction in the U.S. markets.
Meh, they said the markets could plunge if Trump were elected in 2016. Well, it did plunge by 1000 points overnight. But it then rallied.
Why anyone would take Goldman 'let's crash the world economy and take tax payer money to pay our bonuses and cover up our crimes and incompetence' Sachs?
Aka really bad for economy. It’s not a correction it would be a stall/crash
Good. It’s needed
Could*** is the operative term here. Sheer conjecture on the part of Goldman Sachs
Is it a correction if it never goes back up?
I predict a 20 percent correction when the Democrats sweep ALL three: Whitehouse, Senate and keep Congress. Today's impeachment guarantees a new era for Democrats.
Nice mouthpiece you guys are for Goldman.
“Markets will see a huge correction if Democrats win the House in 2018” So that prediction was borne out. 🙄
Take a look at what happened in UK elections yesterday. Conservatives swept the election. Jeremy Corbin the lefts sweetheart resigned. Conservatives will quietly go vote as they always do in the US.
Trump floats all Boats! Dems shipwrecks everything it touches!
No shit
YA THINK? Lol!!!!!
the planet, our precious ENVIRONMENT and equally innocent school children will also pay🛸 if the sensible Democrats and European Union alike do not pay. ENVIRONMENTAL HOLOCAUST is in the balance. peace and prosperity dynamic respect and holy^confidence _ GUARANTEED. QUANTIFIED.
I hope they dont win, we will all suffer.
Wrong. 12% on next day. 50% after a year. Desperate retires as pensions and IRAs collapse. Unemployment will triple. Putin will take rest of Ukraine. Iran will develop and use nukes on Israel. China will crush HK.
Markets correct by 14% per year on average and 2019 hasn’t seen anything close, so 2020 is probably due for a correction at some point no matter who wins.
Investment advisors no longer have to do what's best for the investor thanks to changes by the Trump adminstration.
Bull. They’re not “W”. Pay your fair share or someone else has to do it for you. Just a thought, do we really have a growth rate when we borrow a trillion dollars a year. Obama had us down to $650 billion a year deficit. Trump works on the debit side of the ledger.
Which would save democracy. And address deficits.
Correction - So what GoldmanSachs is saying is that the current market is an error! And electing a dem would fix it. PeteButtigieg
They would all have a better chance of seeing God than that ever happening! Trump and the American Patriots are going to eat them for breakfast come 2020
Juanchito55 check this out
Correction You mean a bear market!!
A Warren or Sanders presidency plus Dems controlling Congress would plunge millions of retirees into poverty....if Warren or Sanders are VP on Biden ticket, big problems too!
But Main Street: 📈
Government Sachs. If history does not repeat itself it rhymes. GOP in White House for 8 of last 9 recessions.
We all could
12% reduction is too kind. 20% reduction of the markets and reduction of jobs across the board.
No shit Sherlock.
The markets will be due a correction no matter who is president. Believe it or not but people will buy and sell shares with or without trump
It would be disastrous to see the minimum wage increased for the first time in 13 years.
that's not going to happen trump will stay in power somehow lol
only the criminally insane would vote democrat
So the MAGA cult threatens to shoot us if Trump loses and the wealthy threaten to pull their$$ out of the markets.
Good!
Fat chance TheDemocrats georgesoros AOC
4 years ago same Goldman Sucks was pushing exactly the same narrative about Trump.
Libs ruin everything they touch
Wonder why... WARREN EFFECT
Good, the market is fake. It is inflated with debt. There is nothing real keeping it up. It is over valued and needs a big correction to fair value. Let the bubble pop!
another too big to fail strategy
Fuck Goldman Sachs
Good. Deflate the bubble and let's get back to fair value.
Dems wreck everything they touch
Take a step back and look at everything. Why would anyone vote Democrat? People complain about monetary policy, needing more growth. You won't get more or better US growth with anything other than Trump2020 NonMasochistDecisionMaking101 DemocratDelusionFinale MAGA KAG
They should plan for it
Most likely NOT happening! , so relax everyone...
There's gonna be a correction, regardless. But, sure, blame the Democrats. Haven't you noticed the pattern? The 'fiscally conservative' Repubs spend us into oblivion and the Democrats inherit the mess.
So surprising that a bloated financial institution that benefitted from corporate tax breaks would spread such fear.
With all the evidence coming out, I doubt if any Dems will be correcting anything!
Why the need to kiss trumps a*s The markets will always survive no matter who is there so this new scaremongering scheme is ridiculous.
Vote Nazi so the rich can stay rich!
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheOnion - 🏆 724. / 51 Read more »
Source: Women 2.0 - 🏆 149. / 63 Read more »
Source: YahooNews - 🏆 380. / 59 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: Reuters - 🏆 2. / 97 Read more »
Source: USATODAY - 🏆 100. / 63 Read more »