BUSINESS/DEMS/ELECTION/TRUMP AS PRESIDENT: “An avowed democratic socialist narrowly won the New Hampshire primary, propelled by promises to jack up taxes on the rich, nationalize health care and take a sledgehammer to the nation’s banking behemoths. Wall Street has so far reacted to the rise of Sen. Bernie Sanders with a massive yawn — because few in the industry think the Vermont senator has a real shot at becoming president. Stocks continue to pop to new highs even as Sanders climbs the Democratic field and pledges to come after the wealthy with a zealous passion. That’s because the overwhelming consensus on Wall Street these days is that should Sanders wind up as the Democratic nominee — sliding past a handful of moderates also at the top of the field — he would get demolished by President Donald Trump in the general election.”
–Ben White, “‘Trump can absolutely kill him’: Wall Street shrugs off Sanders,” Politico, February 12, 2020 12:36 pm