Recently, one of my macro-trader friends (arguably extremely bright) made a very interesting point about Joe Biden. We were debating on why the new U.S. president was about to deescalate geopolitical tensions, and we agreed that, as he was keen to get re-elected at the end of his current term, he would somehow try to emulate Obama’s social bottom line and its Obamacare keystone. For this to happen my friend argued, Biden would have to unlock a substantial amount of money from the budget, and combined with the relatively less belligerent character of Democrat presidents through history (by chance or…



Jerome

Trader on emerging FX (Asia) markets in London for 15+ years. Centres of interest: markets, macro-economics, physics, probabilities, philosophy.

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