UBS On-Air: Paul Donovan Daily Audio 'Political theater, economic muttering'
UBS On-Air: Market Moves · Podcast owner
August 20, 20241m 46s
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Show Notes
US politicians are politicking. At the margin, Vice President Harris’s endorsement of the proposed increase in US corporate tax rates might seem to be market relevant. However, listed companies are not always that sensitive to headline corporate tax rates. Otherwise, this is still mainly political theater (obviously, were Taylor Swift to do an impromptu concert in Chicago, the theater would become serious).