The Intelligence from The Economist Capitol crimes: one year after America’s insurrection
Jan 6, 2022
Idris Colun, Washington correspondent for The Economist, and Mike Bird, Asia and Business Finance Editor, delve into the complexities of American politics following the January 6th insurrection. They discuss the enduring divisions within the Republican Party and the political ramifications for President Biden. Gold's contradictory performance as a safe-haven asset amid rising uncertainty is analyzed, plus the challenges facing traditional retail in a post-pandemic world, highlighting controversial efforts to revive iconic shopping districts.
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Unchanged GOP
- One year after the January 6th insurrection, the Republican Party remains largely unchanged.
- Most Republicans still believe the 2020 election was fraudulent and some condone political violence.
Failed Expectations
- The January 6th insurrection did not cause a break within the Republican party as many expected.
- Republican voters largely still believe the election was stolen, hindering national unity.
Gold's Underperformance
- Gold had a surprisingly bad year in 2021, despite inflation and global uncertainty, which usually drive up its value.
- Demand for gold is speculative, linked to real interest rates and inflation-protected treasuries.