Can Biden Soothe Institutional Investors as Shortages and Inflation Run Rampant?
Posted on 05/11/2021
U.S. President Joe Biden was able to convince American voters he was the right candidate to navigate the U.S. through COVID, racial strife, and geopolitics. In the first few months of office, despite success that was carried over from the last administration over vaccine creation and distribution (Operation Warp Speed), inflation is popping its head out from central bank QE excesses, causing concern for pension funds, sovereign funds, and other long-term savers. With little choice in low-yield bonds, many U.S. public funds augmented exposure to the stock market in 2020 and bought the dip after the March 2020 COVID crash.