This text explores the historical rarity and political implications of a US president completing a first term without a recession, using President Biden as a current example.
Americas escalating national debt necessitates difficult conversations about shared sacrifice, yet political discourse avoids the inevitable need for tax hikes and entitlement reforms.
The potential for President Bidens withdrawal from the 2024 election is being driven by concerns about his age, performance, and the lingering impact of inflation, which could benefit a new Democratic candidate.
Despite typically delayed reactions, investors are preemptively adjusting to the possibility of a Republican-dominated government following the first presidential debate.