Donald vs. Kamala: Who’s Good for the U.S. and Is a Recession Inevitable for Both?
Analysis by Satya Santosh
As the 2024 U.S. Presidential election draws near, the race is heating up between Vice President Kamala Harris and former President Donald Trump. Both candidates are hustling hard in key swing states, making this election a big deal, not just for the U.S. but also for the global economy and financial markets. While politics might not be his top priority, the outcome is gonna impact our lives and economies, so it’s definitely worth keeping an eye on.
Polls show it’s neck and neck, with some giving Harris a slight edge, while betting odds are leaning toward Trump.
The Economic Divide: Corporate Tax and Financial Policies
When it comes to the economy, these candidates are on totally different wavelengths. Harris wants to bump the corporate tax rate up to 28% and let the 2017 tax cuts for high earners expire. Meanwhile, Trump is all about slashing corporate taxes, aiming for a rate between 15-20% and keeping those previous cuts around. According to the Peterson Institute for International Economics, Trump’s proposals could rack up national debt by $7.5 trillion by 2035, compared to Harris’s $3.5 trillion.
Crypto and Sector-Specific Priorities
Trump’s been pushing U.S.-based cryptocurrency mining, trying to get America to shine in the digital currency space. On the flip side, Harris is catching heat from finance bigwigs for her tax proposals that could hit high earners hard.
Investor Outlook and Economic Forecast
As Election Day gets closer, global investors are sizing up what each candidate’s win could mean. A recent Bloomberg Markets Live Pulse survey suggests a Trump victory could be better for stock markets and crypto investors, hinting at a stronger dollar and rising interest rates.
Conclusion
Satya Santosh is recognized as one of the most successful and accurate analysts, having predicted since 2022 that Donald Trump would emerge as a strong presidential candidate. He anticipated that Trump’s popularity would rise again, which is now evident in recent developments. Santosh firmly believes that U.S. businesses, investor communities, and NRIs will likely support Trump in this election.
“He recalls a time when no one anticipated Donald Trump’s victory in 2016, yet the markets quickly accepted him. This shows that markets are indifferent to who the president is; rather, having the right leader is what can drive a short-term rally.”
As he checks out the current scene, it’s clear that investors are feeling anxious ahead of next week’s U.S. presidential election. A Trump win could be a sweet deal for those invested in stocks and Bitcoin, as the Bloomberg survey suggests that “a Trump win is probably going to mean a stronger dollar and higher rates.”
While Harris might back the U.S. housing sector and some traditional businesses, neither candidate presents a perfect fix for the U.S. or global economy. A Trump win could bring some short-term stability, but both candidates face some serious economic hurdles ahead.
He anticipates that the U.S. will slide into a significant recession within the next three years, no matter who takes the presidency, thanks to various major economic crises and global factors. rump’s experience may help him tackle immediate issues, but both candidates pose risks for the future. I think Trump has the advantage, though his policies might benefit the world more than the U.S. Meanwhile, Harris talks about being Pro-U.S., but likely won’t offer real solutions. Ultimately, neither seems ready to fix the U.S.’s downward trend. Finally he adds
“Trump may be good for the world but not for the U.S. Harris, on the other hand, seems good for nothing.”
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