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Nouriel Roubini

Market nightmare of a stolen US election

Anything less than a Democrat clean sweep will leave Donald Trump trying to claim victory. Then markets should worry.

Nouriel RoubiniGlobal commentator

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Opinion polls in the United States have long pointed to the strong possibility of a Democratic Party sweep in the election on November 3, with Joe Biden winning the presidency and Democrats gaining control of the US Senate and holding onto the House of Representatives, putting an end to divided government.

But if the election turns out to be mostly a referendum on President Donald Trump, Democrats might win just the White House while failing to retake the Senate. And one cannot rule out the possibility of Trump navigating a narrow path to an electoral college victory, and of Republicans holding onto the Senate, thus reproducing the status quo.

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Nouriel Roubini is Professor Emeritus of Economics at New York University’s Stern School of Business and Chief Economist at Atlas Capital Team.

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    Original URL: https://www.afr.com/world/north-america/market-nightmare-of-a-stolen-us-election-20201028-p56992