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Wall Street won't let Trump steal the election

Published Sep 24 2020 at 6:31 PM GMT
Key
Points
  • y stable and democratic country where the primacy of the rule of law gives investors certainty.
  • The most recent World Economic Forum competitiveness report ranks the US 12th globally for "checks and balances" or governance.
  • This includes things such as judicial independence and freedom of the press.
  • A new analysis by Sangai Bhagat, a finance professor at the University of Colorado, Boulder, also finds a "significant positive relationship" between economic growth and the rule of law in a country, which includes things like the quality of contract enforcement, property rights, the police, and the courts.
  • A legally dubious election might make investors fundamentally rethink America's economic potential and financial worth, much like the end of the Cold War encouraged investors to value America much more highly, as represented by the stock market's price-to-earnings ratio.




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  • Published Sep 24, 2020 6:31 PM GMT