Is the outcome of the election really good news for investors?
We’ll start with a few words about Biden, assuming he is ultimately elected.
As a person, Biden is indeed friendly and decent. However, he has never shown much imagination or
vision. Remember for instance that Biden voted in favour of intervention in Iraq in 2003 and
enthusiastically backed China joining the WTO in 2001, based on the belief that in China political
democratisation would follow economic liberalisation.