Is gridlock really good for investors? The US electorate has delivered an unambiguous rebuke to President Barack Obama. This will almost certainly thwart any ambitions to extend the reach of the federal government over the next two years. But a widespread meme goes further. Mr Market is supposed to like both the Republican limited-government agenda, and US political gridlock in general. Neither claim stands up to rigorous examination.
僵局真的对投资者有利吗？美国选民对总统巴拉克•奥巴马(Barack Obama)予以了明确谴责。几乎可以肯定，在今后两年，联邦政府任何扩大自身影响力的雄心抱负都将受阻。但一种流行的说法则更进一步。那就是市场先生应该既喜欢共和党的“有限政府”议程，也喜欢总体上的美国政治僵局。但这两种说法都经不起仔细推敲。
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