08 Jan 2021
This week in Keeping Tabs: US Capitol invaded but economic growth projections up, the UK s 12 week policy on vaccines, and insolvency in Europe.
What a week in the US. A mob fitted out in fancy dress breaking into the Capitol building perhaps epitomised Donald Trump s presidency: a mix of the horrifying, sinister, tragic and farcical.
In the medium-term, what appears to matter more to investors is the victory of the two Democratic Senate candidates in Georgia, giving the party a (slim) majority in both houses. The near-term impact will be greater fiscal spending, according to Keith Wade, chief economist and strategist at Schroders. It is now more likely that Americans will receive another stimulus cheque.