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And the fight goes on. Will battle over taxes, spending and the debt ceiling end up in a workable compromise or more of the same--gridlock? Will gridlock mean a leap off a cliff or a slide down a hill? Will it drive the US economy back into recession? The global economy? The equity markets? In the past, gridlock has been good for equities (if bad for the economy). But “not this time,” says my guest, Scott Wren, Senior Equity Strategist for Wells Fargo Advisors. “For the sake of future economic growth and the health and wellbeing of the next generation, Washington needs to break the impasse . .
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