CSFI Economic Outlook: Trump gets Covid. Talleyrand & Metternich...
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 Published On Oct 5, 2020

Weekly Economic Outlook: Talleyrand, Metternich and Trump...

Why you should watch: 'What did he mean by that?' Tempting though it is to see Trump's Covid test as (yet) another misdirection play, it just capped a really awful week that saw him screw up the first (perhaps only) Presidential debate, fall an almost insuperable distance behind Biden in all the polls and be hammered in the press for his dodgy tax dealings. No good news there - and there must be at least a possibility that Trump will see his 'brush with death' as a way to avoid an electoral defeat that would tag him forever as a 'loser'. But that's still an outside shot. The likelihood is that he will fight on, that he will lose - and that we will be faced with a new President committed (more or less) to a costly economic agenda set, at least in part, by his 'progressive' advisers. That's going to mean much higher taxes than he (or Congressional Democrats) are willing to admit right now. In the meantime, the fear is that the global economy is going to be hit hard by the 'second wave' - and by governments' response to it. Watch and weep.

In his Weekly Economic Outlook, Andrew Hilton, the CSFI’s Director, discusses the current crisis, its impact on the global economy, and what we may be missing.

Andrew is a former World Bank economist, who also ran a small economic consultancy advising international clients, particularly in the Middle East. He has an MA from New College, Oxford, an MBA from Wharton, and an MA and PhD from the University of Pennsylvania, where he was a Thouron Scholar and Kent Fellow.

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Produced/Edited by Alex Treptow

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