Shlaes on the Congressional Effect

http://www.futureofcapitalism.com/2011/08/shlaes-on-the-congressional-effect

Amity Shlaes has a Bloomberg News column on Eric Singer's Congressional Effect Fund, which invests in stocks only when Congress is on recess, and goes to treasuries when Congress is in session. Her conclusion: "Presidential candidate Mitt Romney has lately been ripping President Barack Obama for taking a 10-day holiday on Martha's Vineyard; he argues that Obama should abort his holiday and hurry back to the Oval Office. But the Congressional Effect theory suggests Obama is right to enjoy his island stay, and might even lengthen it."

by Editor  |  Aug 24, 2011 at 10:42 pm receive the latest by email: subscribe to the free futureofcapitalism.com mailing list