Poverty Crisis

The last 2 weeks has shown us that volatility is still present in the market. It’s hard to not point out that the political risks in the US are rising at levels we haven’t experienced in the recent past. But, like with everything in 2020, the word unprecedented comes to mind. A divisive election is coming up, the Supreme Court Justice seat is trying to be filled before the election, and in all honesty, it feels like it’s one big circus. I keep asking myself, how did we get here? Political risk is what investors are usually worried about in developing countries, not in developed countries like the US. But, here we are. 

We’ll start off with looking at newly released economic data. Then, we explore the impending poverty crisis, how it will shape the future, and what we need to do to avoid it. We then jump into the European View, where this week we discuss how Europe is responding to the Covid crisis with Dr. Dimitra Papadovisilaki, an assistant professor of Finance at Lake Forest College.