If your eyes start to glaze over this evening during the election returns, here’s a link to what economists think about the prospects of divided government. Given the efficacy of their profession’s advice over the past couple of years I’d recommend taking their prognostications very lightly.

And here is a short video with Evan Newmark discussing the elections and QE ll. It’s modestly interesting but I did like Newmark’s take on quantitative easing. Basically, he hopes it confirms once and for all to most Americans that the government is not going to turn things around and we might as well get on with it ourselves.