Why President Joe Biden’s next 100 days will be far more important than his first.
Rather than try to reduce it by austerity, inflation or default, the government should focus on keeping the rate of economic growth above the cost of servicing the debt.
Stimulus should be forthcoming and trade uncertainty relieved, even if Congress remains split
The rule of law should prevail and the recovery continue, though a long delay could weaken it
Biden has taken the edge in the polls but previous experience begs the question: do polls really matter? Our chief investment officer, Julian Chillingworth, mulls the possible outcomes of the US election and the effectiveness of the UK government’s spending packages.
Labour’s manifesto is no ‘revolution’, but radical enough to skew economic risks to the downside.
Nobody knows for sure who first coined the maxim that politics, religion and money should never be discussed in polite company. We live in a society where the right to free speech is taken for granted, but as far as advisers are concerned, one thing is certain – the first two topics should definitely be handled with care.
Clearing the hurdles
With the influence of politics on the global economy growing, could game theory provide a model for success?