Are markets reacting in part to the prospect of a Bernie Sanders presidency?
Fears about the spread of coronavirus, to be sure. But a chorus of analysts also thinks concerns about Vermont Senator Bernie Sanders winning the Democratic presidential nomination — and possibly even the presidency — are also contributing to jitters.
The cat is out of the bag. The corporate wing of the Democratic Party is publicly "anybody but Bernie." They know our progressive agenda of Medicare for All, breaking up big banks, taking on drug companies and raising wages is the real threat to the billionaire class. https://t.co/zimci7JRO6 Bianchi served as a policy adviser in both the Obama and Clinton administrations. But as Tom Porcelli, chief U.S. economist for RBC Capital Markets, wrote late last week, the possibility of Sanders beating Trump “is not a zero probability event.”
Bianchi plans on watching Tuesday night’s South Carolina debates closely to see if any of the other Democrats can “slow the Sanders primary sweep,” as well as “any signs of alliances or consolidation in the moderate/non-Sanders lane that can make it a force to compete against Sanders.”
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