Man Who Predicted Biden’s Drop Out Makes Kamala Prediction
As the upcoming presidential election draws closer, former Vice President Kamala Harris and former President Donald Trump are locked in a close race.
This scenario has prompted economist and former CIA advisor Jim Rickards to weigh in on what a Harris presidency might mean for the nation's economy.
According to several key indicators Rickards has highlighted, a potential Harris presidency could face significant economic challenges.
As reported by Yahoo Finance, here are some of the points Rickards emphasized:
Market Volatility: Financial markets are currently seeing increased volatility, largely driven by investor uncertainty about the future. A Harris administration may heighten these concerns, particularly if her policies are viewed as unpredictable or too progressive, potentially leading to further market fluctuations.
Rising National Debt: The U.S. national debt is already at historic highs, and Harris’s proposed policies, which may include expanded social programs and infrastructure investment, could add to this burden. Without careful fiscal management, this rising debt could place additional strain on the economy and limit the administration’s ability to navigate future economic downturns.
Inflation Concerns: Inflation is becoming a growing worry, and a Harris presidency may struggle to control rising prices. Her potential focus on wage increases and social equity could unintentionally fuel inflation, making it difficult to balance economic growth with price stability.
Deepening Political Division: The country is already deeply divided politically, and a Harris presidency could potentially intensify this divide, especially if her policies are perceived as favoring particular groups. This could lead to legislative gridlock in Congress, complicating efforts to address urgent economic challenges.
Based on these indicators, it seems clear that a Harris administration would be tasked with managing a complex and uncertain economic landscape.
Meanwhile, Trump appears to be making significant headway against Harris, showing strong gains, especially among independents and Latino voters.
Recent polling from NPR/PBS News/Marist reveals that Trump has overtaken Harris by three points among independents in a multi-candidate race, with 49% to Harris’s 46%. This marks a notable shift since August, when Harris led Trump, 59, by 11 points at 48% to 37%.
Robert F. Kennedy Jr., who had previously garnered 12% of the vote in earlier polls, has since withdrawn from the race and endorsed Trump. In the time between the August and September polls, Harris’s initial "honeymoon" period following her sudden nomination appears to have tapered off.
In August, Trump held a fifteen-point lead over Harris among Latino voters, 54% to 39%. Now, the gap has narrowed, with Trump leading by four points—51% to Harris's 47%.
“Only single digits separate the candidates on most issues important to voters. But voters who prioritize honesty are largely in favor of Harris, while those looking for strong leadership tend to support Trump. Will this still hold true come Wednesday morning?”
The poll also found that nearly 70% of Americans plan to watch the debate, with 30% of registered voters indicating that it could influence their decision. However, 69% believe the debate probably won’t make much of a difference.
In a positive sign for Trump, he has closed the gap slightly in a national contest, trailing Harris by only two points. In the latest poll of registered voters, Harris edges Trump with 49% to 48%. Back in August, Harris led 48% to 45% in a multi-candidate scenario.
In contrast, a July survey found that Trump held a slight lead over President Biden among registered voters, with 43% to Biden’s 42%.