New security fencing surrounds the US Capitol in Washington on January 11. Photo: EPA-EFE
Macroscope by Nicholas Spiro
Wall Street has had enough of Trump but Biden must tread carefully
Investors are hoping Biden will act swiftly to end the pandemic and revive America’s economy. Yet, the fact that they expected and even favoured a Trump victory at one point should give pause to Democrats
Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.