Perspectives Blog

Ramifications of Republican romp

Robert McConnaughey, Director of Global Research | November 10, 2014

…ncy of a fight for austerity. If there is a risk to increased hostility, it stems from a potential showdown over immigration policy. Unilateral executive action on immigration might ignite a spiral of political conflict that could be damaging to the market backdrop. A potential path for the president would be to pursue an up/down vote in Congress rather than executive action. Such a vote would maintain a push on the issue (and a spotlight on a po…