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January 26, 2022

U.S. Voters

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Media Preparing To BURY Bernie

1 min read

Media Preparing To BURY Bernie

What will the media narrative on Bernie Sanders be after the Iowa Caucuses? John Iadarola and Michael Brooks break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/

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Read more here: https://www.cnn.com/2020/02/03/business/bernie-sanders-wall-street-iowa/index.html

"New York (CNN Business)Bernie Sanders winning the White House would be Wall Street’s worst political nightmare.

Investors famously hate uncertainty. And it’s hard to imagine something that would cause more uncertainty to the capitalist system than electing a self-proclaimed democratic socialist who is calling for a political revolution. Sanders wants to ban oil and gas fracking, break up big banks and institute a wealth tax.

That’s why Wall Street could feel the Bern — and not in a good way — if Sanders wins big in the Iowa caucuses on Monday and continues that momentum through Super Tuesday. Investors would be forced to confront the reality that Sanders, once seen as a long-shot candidate, could win the 2020 election.

"Bernie could get off to a very fast start. He has passionate supporters. Markets have dismissed him prematurely," said Greg Valliere, chief US policy strategist at AGF Investments."

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