On the eve of the US election, it’s worth remembering the following chart. In the long run, electing one candidate over another has had little impact on the S&P 500 index.
This would represent more than double the levels during World War II and exceed the historic peaks reached in the 1990s. In countries where interest costs are relatively high, like Greece, Ireland, Spain, and Portugal, interest/GDP ratios are expected to be half of the US level.Source: The Kobeissi Letter, OECD, Tavi CostaDespite its flaws, the dollar is not collapsing and remains the world’s reserve currency and by far the dominant currency as a medium of exchange.
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