Wall Street can't wait for Trump to crash and burn: economist

Systemic Error Podcast · Oct 23, 2026 · 5m

What happened

AlterNet reports that economist and journalist Hamish McRae argued that major investors would welcome Republican losses in the approaching U.S. midterm elections because divided government could restrain President Donald Trump. His case was not that Wall Street wanted Trump “toppled,” but that markets historically tend to rise after midterms and businesses often prefer legislative gridlock.

McRae also contended that a weaker White House would leave the Federal Reserve better positioned to address inflation, which the article put at 3.7 percent. He attributed that inflation…