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In a matter of days, barring similar circumstances to 2020, the most powerful nation on the planet will have a new leader. The implications for the rest of the world, both economically and geopolitically, are extremely important, as are those for both American and international investors. As is customary by now, this vote has been described by the media as “the most important election in history”, like the one four years ago and the one before that too. Levity aside though, it is not an exaggeration to say that this particular election cycle has been different than the ones that preceded it on quite a few different levels.

At the start of last June, Berkshire Hathaway’s stock price suffered a spectacular 99% drop. The nosedive wasn’t caused by legendary investor Warren Buffet allocating his entire portfolio to NFTs, but by a technical glitch that also affected 40 other stocks, including miner Barrick Gold, which briefly traded for 25 cents per share, compared to the $17 before the glitch.

Bank stability is something too many people have taken for granted for too long. After the last global financial crisis of 2008 and the subsequent recovery, many naively believed that all serious systemic vulnerabilities have been addressed and bank collapses - or even worse, contagion scenarios - would be wildly unrealistic in the future.

Consumed largely by recent US political news – the assassination attempt on Donald Trump and Joe Biden stepping down from the presidential race – it has been easy to overlook other important developments that can impact an investors’ big picture. One of those is the threat of de-dollarization, as US sanctions on Russia continue to make the BRICS countries, as well as others, wary of being hand-cuffed to the US dollar.

In mid-June, President Biden posted the following on his X account: “Zero. That was monthly inflation in May. There is more to do still, but this is welcome progress.” Do you believe it?‍

The US elections are still a few months away. However, the economic shifts and trends that have developed over the last three and a half years will not significantly change. So, let's take a closer look at what the Biden administration has achieved economically. According to the president himself, Bidenomics is practically a synomym for 'The American Dream'. How accurate is that estimation?