Tuesday 5 January 2021

Georgia – Left Or Right? Boom Or Bust?

 Baltic Dry Index. 1374  +08 Brent Crude 50.75

Spot Gold 1940

Coronavirus Cases 02/04/20 World 1,000,000

Deaths 53,100

Coronavirus Cases 05/01/21 World 86,110,593

Deaths 1,860,791

"My daughter asked me when she came home from school, “What’s the financial crisis?” and I said, it’s something that happens every five to seven years."

Jamie Dimon, CEO of JP Morgan Chase.

Today, and perhaps for the next two years, it’s all about who wins today’s Georgia Senate runoff elections and what it might mean for the US economy and the latest US stock bubble.

Barring one party getting a landslide, the results might not be certain until later in the week. If contested in the courts, later in the month.

What is certain though is that President Elect Biden will become President Biden on January 20th, with speculation in the Scottish media on Sunday that President Trump has made plans to be in the Trump Turnberry Golf Resort in Ayrshire the same day. Presumably President Trump has some sort of craving for rain, wind and gloom.

Below, Reuters covers the beat.

Asian stocks grind lower as focus shifts to Georgia Senate runoff

January 5, 2021

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