Election Uncertainty

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In-Brief

1. Biden leads in the Electoral College. Historic Supreme Court actions would be required to re-elect Trump.
2. Republicans lose a net of 1 or 2 seats but likely to retain Senate majority after GA runoffs in January.
3. The Republicans surprise by gaining US House seats, gaining in the state legislatures, as well as picking up one governorship.
4. Survival rates from having Covid-19 have become exceedingly high, but Covid-19 is still extremely dangerous. The number of cases in Europe and the US is rising again, although the death rate has plummeted to about 1%. The World Health Organization and many other health orgs are now recommending against total economic and societal shut-downs.
5. The US economy began a strong recovery in June. The huge GDP gain announced last week shows the recovery is V-shaped.

FDR’s 1st Inaugural Address - 1933... “So, first of all, let me assert my firm belief that the only thing we have to fear is fear itself...”

Abraham Lincoln – “You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time.”