Trump v Biden

Never one for understatement, President Donald Trump recently described the looming US Presidential Election as “the most important in the history of our country”.

As Trump would have it, the election is a battle for the soul of America, pitting his administration against Joe Biden’s “left wing radicals”.

The reality is likely to be somewhat different. Most impartial commentators see many differences between the two candidates, but not so much when it comes to the economy.

Trump himself has not really had a major economic agenda since entering the White House almost four years ago, other than some tax reorganisation near the start of his term in office.

Whoever wins in November, I doubt there will be as dramatic a change in financial policy as President Trump would have us believe.