"The decreasing likelihood of U.S. fiscal stimulus pre-election, possibly even pre year-end, as well as worsening virus numbers and increasing lockdown measures all seem to be taking the shine of what was a rather complacent market view of the outlook."
"Mechanically, the market cap of bitcoin would have to rise 10 times from here to match the total private sector investment to gold via ETFs or bars and coins."
While both Trump and Biden want to boost economic growth and reduce unemployment, their approaches are radically different. Trump wants to grow the economy by reducing taxes and regulation, whereas Biden seeks to achieve this through increased government spending and investment.
There is no “will” to fix the problems plaguing the economy and welfare system before they break. Such is why whoever wins the Presidency, we all still wind up losing...
