A brave new world ahead
An increasingly active risk management regime is needed in the absence of the implicit US "put option" that has served to protect investors in decades past
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MANY people in the world sighed with relief that after several days of vote-counting and subsequent weeks of recounts, it appears the Trump administration will come to an end on Jan 20, 2021.
However, the closer-than-expected race between incumbent US President Donald Trump and now President-elect Joseph Biden as well as the yet undetermined control of the US Senate speaks loudly as to an important change that has occurred in the United States that has important geopolitical and investment implications.
Recall the election of the 45th president of the US in 2016 amid a populist wave that included the successful UK Brexit referendum to exit the European Union (EU), the rise of the Five Star Movement in Italy, and victories by populist candidates to high office in Austria and the Philippines.
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