Will the Government Let the Stock Market Fall?

A conversation on politics and the stock market with Conor Sen

Conor Sen is my go to guy for the intersection of politics and the markets. He is the man who “beat the needle,” when he called Georgia swinging Democrat way before the New York Times analysis (the needle) compensated for what Conor knew was going to happen during election night.

More than that, Conor is a columnist for Bloomberg Opinion and the founder of Peachtree Creek Investments. He lives in Atlanta with his wife and two kids and he is an all around awesome and extremely thoughtful person. If you don’t follow him on Twitter, you should (Conor Sen on Twitter).

I’ve been fascinated watching government support of the stock market and even wrote about the idea of stock market nationalism. I had the chance to talk to Conor on Monday about government support for the markets and politics. In light of all the nuttiness going on in with GameStop (NYSE: GME), retail traders ganging up on levered hedge funds and volatility emerging again, our conversation might help people think through what is going on.

What I wanted to learn from Conor is what changes government support for the market? His compelling answer is that if fiscal policy is really unleashed and we finally get inflation, full employment and a roaring economy post-COVID, maybe the Fed declares victory and the government doesn’t really care as much if the market falls.

The whole discussion (audio only) was fun and I hope you find it enlightening.