Post-Trump Emerging Markets’ Exuberance

THE markets had predicted that a blue wave would overwhelm the United States. Joe Biden would be elected as the 46th president of the United States with strong support from the Democratic Party, which rules over a majority of the Senate and Congress. Blue is the color of the Democratic Party. That blue wave is ultimately not so overwhelming. Yet, investors in emerging markets are still very happy.

The vote count is still going on, tensely neck-t

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