Business
Hamish Douglass says US election a ‘nirvana’ outcome – The Australian Financial Review
The Magellan chairman has suggested the prospect of more Congressional deadlock and filibuster tactics is a positive for investors.
“And if Biden gets in, I suspect we’re going to have a more moderate discussion globally. We’re going to have a more normal discussion about foreign policy and global institutions and markets will like to hear that.”
The election result likely made little direct difference to the outlook for inflation, according to the Magellan co-founder, who said the problem of aggregate supply topping demand is unlikely to change in the short term due to the coronavirus-induced global economic downturn.
“I don’t…
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