Intrade Odds Update: Gridlock in 2011
1. Republicans to control House: 70%
2. Democrats to control Senate: 66%
CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Sunday, August 22, 2010
1. Republicans to control House: 70%
2. Democrats to control Senate: 66%
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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1 Comments:
a good friend of mine who runs a mutual fund based on betting against congress has studied this and determined that the best periods for economic and equity market performance are when one party controls the congress and the other the white house. when both are controlled by the same party, you get trouble, but gridlock is good.
some of this was recently published:
http://www.moneynews.com/StreetTalk/singer-congressional-effect-fund/2010/08/17/id/367739
worth a read.
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