The Battle Of The PotomacBy
For investors in 1996, the wheeling and dealing on Wall Street could well pale beside the action on Pennsylvania Avenue. Take a look: There will be a titanic struggle for budget supremacy between President Clinton and congressional Republicans, a heated debate over the future of the income tax, and new battles over federal spending. Add to that a further restructuring of the NASDAQ market, unfinished squabbles over the scope of federal regulation, and an interest-rate cut or two by a Federal Reserve that's getting more confident that it's winning the battle against inflation. And for an end-of-year finale, investors can look forward to the 1996 Presidential and congressional elections.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Billionaire Tom Barrack Throws Harvey Weinstein a Lifeline
- Everything Is Crazy and the Markets Aren’t Freaking Out
- Facebook Is Looking for Employees With National Security Clearances
- Gulf of Mexico Oil Spill May Be Largest Since BP Disaster
- Kushners’ Control of Family’s NYC Crown Jewel Is Now in Jeopardy