10 Nov 2020
2020 US Presidential Election
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
Joe Biden has been elected the 46th President of the United States of America.
How unlucky could he be when you consider that he takes over governing the United States during a pandemic which has already killed over 238,000 Americans and is not finished, a record US$27 trillion in outstanding Government debt that continues to soar out of control and a Federal budget deficit (spending exceeding revenue) that is showing no signs of a return to surplus.
What a disaster for the new President of the United States of America.
Click for chart.
On the plus side, the Dow Jones Industrial Average has just busted through its February 2020 peak this morning on news that Pfizer and BioNTech have a vaccine for COVID-19 that is 90% effective.
We are most definitely living in exciting times and look forward to seeing how it all plays out over the next decade.
At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.