The unprecedented ousting of Kevin McCarthy from the U.S. House speaker’s chair last week sparked a round of understandable anguish for investors and market analysts who saw yet more evidence of U.S. political dysfunction.
After all, the move — the result of a vote forced by a handful of hard-right lawmakers in his own Republican party — came after McCarthy had managed to avert a government shutdown the previous weekend. His fatal sin, in the eyes of the rebels, was working with Democrats to get a deal. House Democrats, meanwhile,…
