US partisan conflict is at historically high levels, but the market doesn't care
Rising acrimony has been a fine environment for stocks, though possibly detrimental to the economy
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New York
THE United States is so sharply divided that political consensus appears to fray almost daily. Yet two truths about politics can be demonstrated with hard numbers.
The first is that partisan conflict doesn't just seem to have become more intense this year: It has reached new levels of nastiness. The second is that the stock market simply doesn't care. In fact, the rising acrimony has been a fine environment for stocks, though possibly detrimental to the economy itself.
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