The Kamala Factor Makes for a Tough Earnings Season
It’s hard to come up with a knockout performance when the bar keeps getting raised.
Beat that. Vice-presidential debates and profit reports have things in common.
Photographer: Kim Raff/Bloomberg
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In business, as in politics, much comes down to expectations. Last week’s presidential debate might have been perceived differently had the Republicans not, inexplicably, prepared the public for Joe Biden to be senile. Strangely, the Democrats made the same mistake for the vice-presidential debate, and had us briefed for Kamala Harris to slice apart her opponent with such brilliant prosecutorial cut and thrust that by the end Mike Pence would plead guilty to any charge. And indeed, after a debate in which both made some good points, Harris may have been harmed by unduly high expectations.