Weekly Geopolitical Report – The 2021 Geopolitical Outlook (December 14, 2020)

by Bill O’Grady & Patrick Fearon-Hernandez, CFA | PDF

(This is the last report of 2020; the next report will be published on January 11, 2021.)

As is our custom, in mid-December, we publish our geopolitical outlook for the upcoming year.  This report is less a series of predictions as it is a list of potential geopolitical issues that we believe will dominate the international landscape for 2021.  It is not designed to be exhaustive; instead, it focuses on the “big picture” conditions that we believe will affect policy and markets going forward.  They are listed in order of importance.

Issue #1: The Establishment Strikes Back

Issue #2: Anti-China Alliance Building

Issue #3: The Middle East

Issue #4: North Korea

Issue #5: Inflation Up, Real Yields Down

Read the full report