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The Tea Party Economist:

“This is major reversal. It happened in one day. Yesterday, he was at 261.

I place more credence on Intrade’s electoral map than any other indicator. The bettors have placed their own money on the line.

What about in straight one-on-one betting? Obama is down to 55.5%. Earlier this month, he was at 80%. His fall is accelerating this week.

What about the Senate? Will the Republicans gain a majority? The odds are against it: 24.5%.

So, there will be political gridlock for at least two years. But that was certain anyway.

The Senate’s rule on cloture mandates a 60-vote majority to shut off a filibuster.

Neither party will have this.

These results do not provide an explanation. They are the results of betting.