Crowded Macro Agenda Takes Backseat To US Political Melee
Needless to say, macro news and market coverage will take a backseat in the coming week. Here, there and everywhere.
The attempt on Donald Trump's life will command the vast majority of above-the-fold space in the days ahead. The investigation, the fallout and attempts to discern the ramifications -- both for the election in November and for the future of the world's foremost democracy more generally -- will predominate.
And rightfully so. The failed assassination of the most controversial pre
H-Man, our economy and most of the world is slowing. There is nothing in the tea leaves to suggest this is changing anytime soon. Let us hope that slowing doesn’t turn into a crash and burn.
Speaking of a week dominated by politics, don’t forget the RNC. We’ll finally learn who’s the winner of The Apprentice: Veepstakes Edition.
Out of curiosity, I had a look at betting markets. J. D. Vance is the favorite.
Vance: 43%
Burgum: 29%
Rubio: 9%
Carson: 4%
Scott: 3%
Youngkin: 3%
Everyone else is sub 3%
It’s one thing to look at the book on this race, but after the weekend, and given what happened to Pence on Jan 6, maybe the level of enthusiasm among the runners will flag a bit. Who among this group really wants the job now? Rubio and Youngkin may see it as an opportunity but I see them as having more enthusiasm than good sense.
Putin wants Vance, so it’ll probably be Vance.
š who knows on that one?
Far-sighted stock investors seem to like him as well, even though he is more of an anti-business populist than Trump. He gets it in many ways.
Nailed it.
Duh, it took ke a while to get your Putin reference! He was one of the first Congresspeople to publicly support walking away from Ukraine.