An exciting election, not necessarily all as consequential as it might feel along the way“The most important election of our lives” is a beloved cliché among U.S. political pundits. 1 / Term limits and the next U.S. president1.1 Chances still are that the next president will become a bit of a lame duck quite swiftly. From a market perspective, though, there is a particular feature of the 2024 U.S. presidential election that is arguably far more significant. [15] Like the threat of default, the prospect of becoming a lame duck can thus encourage risk-seeking behavior. Applying this idea to 2024 and its likely aftermath requires understanding where presidential power – in the U.S. and elsewhere – comes from.

Source: Fox News July 01, 2024 06:59 UTC