Connect with us

International

The Perils Of Inflation

The Perils Of Inflation

Published

on

Investors Alley
The Perils Of Inflation

Inflation is defined as, “A general increase in prices and fall in the purchasing value of currency.”

Inflation is a silent killer of retirement dreams. Most retiree’s income can’t keep up with inflation; even with the social security inflation rider.

Jeff Clark’s article, “How to Deprogram Your Friends & Family from the Cult of Fiat Currency,” is a primer on inflation.

He provides this graph:

“The US dollar has lost 44.2% of its purchasing power just since the year 2000.

That means that the dollars you saved 20 years ago have lost almost half of their purchasing power. …. You’ve done nothing wrong, but there’s a serious leak in your financial boat.”

We recently interviewed Chuck Butler about the Fed’s intention to spur inflation. He chides the Bureau of Labor Statistics (BLS) continual changes in how inflation is calculated, concluding, “The government calculator is on the fritz!”

The BLS is the official (biased) scorekeeper, the fed is hell-bent on increasing inflation even more while interest rates remain at historic lows.

Chuck’s answer for those trying to safely navigate this investing minefield?

“Diversification reduces the overall risk considerably. If you follow the Modern Portfolio Theory of H. Markowitz, you will only achieve true diversification when you invest in all asset classes, including currencies and metals.”

We’ve discussed metals and stocks. Today I want to focus on currencies.

DENNIS: Chuck, on behalf of our readers, thanks once again for your help.

As you’ve explained, when inflation hits, the currency is like the game “hot potato”, nobody wants to hold it. Investors dump the hot potato currency and grab another hoping not to lose money.

We were taught that inflation was caused by increases in the money supply. Since 2008 our government created trillions of make-believe dollars. I feel major central banks harmonized their debt creation, maintaining some relative parity. World currency supply increased a lot, but inflation is still under control.

Is holding some foreign currency still a good diversification alternative?

CHUCK: Thanks again Dennis for the invitation to speak my mind!

Yes, but with a caveat… A couple of months ago, I wrote a Pfennig For Your Thoughts letter, concluding that the current run up of debt among most nations will eventually cause them to default on their debt, and that won’t be taken lightly by currency traders…

Understanding that, our goal is to find currencies that haven’t played this game; run up debts and print currency to pay for it. In can be done. To answer your question, I think yes, some currencies are a good diversification tool.

DENNIS: If the dollar approached the “hot potato” phase, what would be safe alternatives? Wouldn’t the EU, Japan and China just keep creating money also?

CHUCK: Yes, they will. But… the dollar has offset currencies; Euros and yen. And no matter what the problems are in the European Union (EU) or Japan, those currencies will still act as offset currencies when the dollar gets sold.

Beyond those two, I would look to a country like Russia. They have not joined in on the currency printing, debt run up like other countries. Currently the Russian debt to GDP runs at 16%. For the first time since the economic sanctions were placed on Russia by the EU and the U.S., their public debt is zero.

On the other hand, the U.S. has a debt to GDP ratio of: 107%; and that’s before the spending lollapalooza on the pandemic. Japan has the highest Debt to GDP ratio of: 253%, and Greece is 181%…

If the U.S. and the EU ever gets their heads out of their you-know-whats, and drop the economic sanctions on Russia, the Russian economy will grow like a weed. Right now, the ruble is being traded downward because of these sanctions and the lower price of Oil. Remove sanctions and improving oil prices will turn that downward ship around.

Some other alternative currencies have pretty good fundamentals; including the Norwegian krone, Swedish krona, and Singapore dollars.

DENNIS: The major currencies are maintaining parity; yet gold prices are rising. Is gold the one safe haven people all over the world are heading for?

While gold is the ultimate inflation hedge, I’m not comfortable putting too many eggs in that basket.

CHUCK: Dennis… we recently discussed diversification of one’s investment portfolio. While it seems to be a good idea to load up on Gold & Silver right now, with all the currency printing and debt accumulation going on, I wouldn’t advise anyone to go “all-in” on any asset class….

Right now, even that guy that says “just buy stocks” the armchair quarterback guy, will be sorry when stocks turn against him – and they will. Diversification is much more than just owning a wide range of stocks.

DENNIS: Many countries have negative interest rates. We have a little money offshore and I don’t want to be charged for holding cash or buying negative interest bonds. We have tried to find some safe stocks, denominated in foreign currency, that are at least paying some dividends.

Do you see this as a viable alternative?

CHUCK: Yes, when diversifying out of the dollar, there are three ways it can be done. One of those ways is with foreign stocks denominated in the currency of the country the stock is located. I hear there are some brokerage houses in the U.S. that allow investors to denominate any stock in a foreign currency. They probably only use the majors, like: euro, yen and sterling. It doesn’t hurt to call and ask….

I’ve always shied away from foreign stocks, because besides Nestle, what do I know about foreign companies? I would have to do a ton a research, and quite frankly, I never had the time to do that. However, denominating U.S. stocks in a foreign currency takes out that research requirement!

DENNIS: What are some other ways readers could invest in foreign currency, while keeping their money inside the US?

CHUCK: In addition to denominating stocks in foreign currencies, you can own the currency outright, in a CD or money market account. Right now, you’ll have to pay up for holding negative interest currencies, like euros, yen, francs, etc. (Russia still pays interest!)

Also, there are currency ETF’s…. check them out, it’s not like owning the real currency, but the ETF does mimic the currency’s performance…

The great thing about owning the actual currency is that you can use it abroad if you need to. Once we get back to traveling abroad, you’ll want to pay in the local currency. This can be done using foreign wires, drafts, etc.

I don’t like to go off on tangents, but I need to tell you this. Years ago, before the euro, there were Americans that bought gliders made in Germany. They would come to us, buy the D-Marks and hold them until it was time to pay for their glider. Many times, the D-Mark appreciated. That sure made owning a currency for a future endeavor easy!

DENNIS: My online broker tells me they allow clients to hold foreign stocks, denominated in other currencies, in special accounts. Interested readers should discuss this with their broker.

You mentioned an oil play and Norwegian Krone. Statoil is a Norwegian owned oil company. (This is not a recommendation.) Might a company like this be an example for readers?

Do you have any suggestions here?

CHUCK: Once again, research is very important when buying a foreign company’s stock… But yes, the Statoil is a good example. Another would be CEMEX (the Mexican cement co.). I also mentioned Nestle in Swiss francs.

There are other strong possibilities here folks, but you have to find them by researching. I Googled this and Wikipedia lists the foreign state-owned companies by country!

That’ll give the name of the company, but research into is still needed!

DENNIS: One final question. To follow Mr. Markowitz, and diversify for safety, do you have a recommended percentage that you recommend being held in foreign currency?

CHUCK: Thanks again for inviting me.

Before answering your question, I’d like to add one thing. The more the Fed talks about creating inflation, the more the need for investors to hedge their bets; get some money out of US dollars and beat the crowd. Some may be in gold, but some should be in currencies that will rise as the dollar falls.

I come from a history of bank investment areas that always had a conservative approach to asset allocation. I’ve always said that 10-15% of any asset allocation is suffice. And you can move that up to 20-25% if the asset is in a real strong trend rally.

So, using that information, I presently have a portfolio allocation that looks like this:

20% in Gold & Silver

20% in stocks with a further diversification of that asset class among: tech, mining, and long-term growth.

15% in bonds…. (municipal bonds AAA rated, and very short term)

10% in an annuity

15% in land

10% in currencies

And the rest in cash, that can be used at a moment’s notice to buy something that looks good….

Dennis here…

I feel age and portfolio size are major factors. Younger investors are concerned about growing wealth, retirees focus on preserving wealth – so the percentages may change somewhat.

Holding your nest egg in one currency is “all in” and risky. Diversify – hedge your bets!

FREE: 10 Easy Steps To The Ultimate Worry-Free Retirement Plan

Most financial education is written by those promoting their financial products or services. Don't be fooled! "Set it and forget it" is a trap. Retirement planning is not an event; it's an ongoing process. Request your free copy of the latest planner from retirement expert Dennis Miller. Click here.

 

The Perils Of Inflation
Dennis Miller

Read More

Continue Reading

Government

Mistakes Were Made

Mistakes Were Made

Authored by C.J.Hopkins via The Consent Factory,

Make fun of the Germans all you want, and I’ve certainly done that…

Published

on

Mistakes Were Made

Authored by C.J.Hopkins via The Consent Factory,

Make fun of the Germans all you want, and I’ve certainly done that a bit during these past few years, but, if there’s one thing they’re exceptionally good at, it’s taking responsibility for their mistakes. Seriously, when it comes to acknowledging one’s mistakes, and not rationalizing, or minimizing, or attempting to deny them, and any discomfort they may have allegedly caused, no one does it quite like the Germans.

Take this Covid mess, for example. Just last week, the German authorities confessed that they made a few minor mistakes during their management of the “Covid pandemic.” According to Karl Lauterbach, the Minister of Health, “we were sometimes too strict with the children and probably started easing the restrictions a little too late.” Horst Seehofer, the former Interior Minister, admitted that he would no longer agree to some of the Covid restrictions today, for example, nationwide nighttime curfews. “One must be very careful with calls for compulsory vaccination,” he added. Helge Braun, Head of the Chancellery and Minister for Special Affairs under Merkel, agreed that there had been “misjudgments,” for example, “overestimating the effectiveness of the vaccines.”

This display of the German authorities’ unwavering commitment to transparency and honesty, and the principle of personal honor that guides the German authorities in all their affairs, and that is deeply ingrained in the German character, was published in a piece called “The Divisive Virus” in Der Spiegel, and immediately widely disseminated by the rest of the German state and corporate media in a totally organic manner which did not in any way resemble one enormous Goebbelsian keyboard instrument pumping out official propaganda in perfect synchronization, or anything creepy and fascistic like that.

Germany, after all, is “an extremely democratic state,” with freedom of speech and the press and all that, not some kind of totalitarian country where the masses are inundated with official propaganda and critics of the government are dragged into criminal court and prosecuted on trumped-up “hate crime” charges.

OK, sure, in a non-democratic totalitarian system, such public “admissions of mistakes” — and the synchronized dissemination thereof by the media — would just be a part of the process of whitewashing the authorities’ fascistic behavior during some particularly totalitarian phase of transforming society into whatever totalitarian dystopia they were trying to transform it into (for example, a three-year-long “state of emergency,” which they declared to keep the masses terrorized and cooperative while they stripped them of their democratic rights, i.e., the ones they hadn’t already stripped them of, and conditioned them to mindlessly follow orders, and robotically repeat nonsensical official slogans, and vent their impotent hatred and fear at the new “Untermenschen” or “counter-revolutionaries”), but that is obviously not the case here.

No, this is definitely not the German authorities staging a public “accountability” spectacle in order to memory-hole what happened during 2020-2023 and enshrine the official narrative in history. There’s going to be a formal “Inquiry Commission” — conducted by the same German authorities that managed the “crisis” — which will get to the bottom of all the regrettable but completely understandable “mistakes” that were made in the heat of the heroic battle against The Divisive Virus!

OK, calm down, all you “conspiracy theorists,” “Covid deniers,” and “anti-vaxxers.” This isn’t going to be like the Nuremberg Trials. No one is going to get taken out and hanged. It’s about identifying and acknowledging mistakes, and learning from them, so that the authorities can manage everything better during the next “pandemic,” or “climate emergency,” or “terrorist attack,” or “insurrection,” or whatever.

For example, the Inquiry Commission will want to look into how the government accidentally declared a Nationwide State of Pandemic Emergency and revised the Infection Protection Act, suspending the German constitution and granting the government the power to rule by decree, on account of a respiratory virus that clearly posed no threat to society at large, and then unleashed police goon squads on the thousands of people who gathered outside the Reichstag to protest the revocation of their constitutional rights.

Once they do, I’m sure they’ll find that that “mistake” bears absolutely no resemblance to the Enabling Act of 1933, which suspended the German constitution and granted the government the power to rule by decree, after the Nazis declared a nationwide “state of emergency.”

Another thing the Commission will probably want to look into is how the German authorities accidentally banned any further demonstrations against their arbitrary decrees, and ordered the police to brutalize anyone participating in such “illegal demonstrations.”

And, while the Commission is inquiring into the possibly slightly inappropriate behavior of their law enforcement officials, they might want to also take a look at the behavior of their unofficial goon squads, like Antifa, which they accidentally encouraged to attack the “anti-vaxxers,” the “Covid deniers,” and anyone brandishing a copy of the German constitution.

Come to think of it, the Inquiry Commission might also want to look into how the German authorities, and the overwhelming majority of the state and corporate media, accidentally systematically fomented mass hatred of anyone who dared to question the government’s arbitrary and nonsensical decrees or who refused to submit to “vaccination,” and publicly demonized us as “Corona deniers,” “conspiracy theorists,” “anti-vaxxers,” “far-right anti-Semites,” etc., to the point where mainstream German celebrities like Sarah Bosetti were literally describing us as the inessential “appendix” in the body of the nation, quoting an infamous Nazi almost verbatim.

And then there’s the whole “vaccination” business. The Commission will certainly want to inquire into that. They will probably want to start their inquiry with Karl Lauterbach, and determine exactly how he accidentally lied to the public, over and over, and over again …

And whipped people up into a mass hysteria over “KILLER VARIANTS” …

And “LONG COVID BRAIN ATTACKS” …

And how “THE UNVACCINATED ARE HOLDING THE WHOLE COUNTRY HOSTAGE, SO WE NEED TO FORCIBLY VACCINATE EVERYONE!”

And so on. I could go on with this all day, but it will be much easier to just refer you, and the Commission, to this documentary film by Aya Velázquez. Non-German readers may want to skip to the second half, unless they’re interested in the German “Corona Expert Council” …

Look, the point is, everybody makes “mistakes,” especially during a “state of emergency,” or a war, or some other type of global “crisis.” At least we can always count on the Germans to step up and take responsibility for theirs, and not claim that they didn’t know what was happening, or that they were “just following orders,” or that “the science changed.”

Plus, all this Covid stuff is ancient history, and, as Olaf, an editor at Der Spiegel, reminds us, it’s time to put the “The Divisive Pandemic” behind us …

… and click heels, and heil the New Normal Democracy!

Tyler Durden Sat, 03/16/2024 - 23:20

Read More

Continue Reading

International

“Extreme Events”: US Cancer Deaths Spiked In 2021 And 2022 In “Large Excess Over Trend”

"Extreme Events": US Cancer Deaths Spiked In 2021 And 2022 In "Large Excess Over Trend"

Cancer deaths in the United States spiked in 2021…

Published

on

"Extreme Events": US Cancer Deaths Spiked In 2021 And 2022 In "Large Excess Over Trend"

Cancer deaths in the United States spiked in 2021 and 2022 among 15-44 year-olds "in large excess over trend," marking jumps of 5.6% and 7.9% respectively vs. a rise of 1.7% in 2020, according to a new preprint study from deep-dive research firm, Phinance Technologies.

Algeria, Carlos et. al "US -Death Trends for Neoplasms ICD codes: C00-D48, Ages 15-44", ResearchGate, March. 2024 P. 7

Extreme Events

The report, which relies on data from the CDC, paints a troubling picture.

"We show a rise in excess mortality from neoplasms reported as underlying cause of death, which started in 2020 (1.7%) and accelerated substantially in 2021 (5.6%) and 2022 (7.9%). The increase in excess mortality in both 2021 (Z-score of 11.8) and 2022 (Z-score of 16.5) are highly statistically significant (extreme events)," according to the authors.

That said, co-author, David Wiseman, PhD (who has 86 publications to his name), leaves the cause an open question - suggesting it could either be a "novel phenomenon," Covid-19, or the Covid-19 vaccine.

"The results indicate that from 2021 a novel phenomenon leading to increased neoplasm deaths appears to be present in individuals aged 15 to 44 in the US," reads the report.

The authors suggest that the cause may be the result of "an unexpected rise in the incidence of rapidly growing fatal cancers," and/or "a reduction in survival in existing cancer cases."

They also address the possibility that "access to utilization of cancer screening and treatment" may be a factor - the notion that pandemic-era lockdowns resulted in fewer visits to the doctor. Also noted is that "Cancers tend to be slowly-developing diseases with remarkably stable death rates and only small variations over time," which makes "any temporal association between a possible explanatory factor (such as COVID-19, the novel COVID-19 vaccines, or other factor(s)) difficult to establish."

That said, a ZeroHedge review of the CDC data reveals that it does not provide information on duration of illness prior to death - so while it's not mentioned in the preprint, it can't rule out so-called 'turbo cancers' - reportedly rapidly developing cancers, the existence of which has been largely anecdotal (and widely refuted by the usual suspects).

While the Phinance report is extremely careful not to draw conclusions, researcher "Ethical Skeptic" kicked the barn door open in a Thursday post on X - showing a strong correlation between "cancer incidence & mortality" coinciding with the rollout of the Covid mRNA vaccine.

Phinance principal Ed Dowd commented on the post, noting that "Cancer is suddenly an accelerating growth industry!"

Continued:

Bottom line - hard data is showing alarming trends, which the CDC and other agencies have a requirement to explore and answer truthfully - and people are asking #WhereIsTheCDC.

We aren't holding our breath.

Wiseman, meanwhile, points out that Pfizer and several other companies are making "significant investments in cancer drugs, post COVID."

Phinance

We've featured several of Phinance's self-funded deep dives into pandemic data that nobody else is doing. If you'd like to support them, click here.

 

Tyler Durden Sat, 03/16/2024 - 16:55

Read More

Continue Reading

International

Gen Z, The Most Pessimistic Generation In History, May Decide The Election

Gen Z, The Most Pessimistic Generation In History, May Decide The Election

Authored by Mike Shedlock via MishTalk.com,

Young adults are more…

Published

on

Gen Z, The Most Pessimistic Generation In History, May Decide The Election

Authored by Mike Shedlock via MishTalk.com,

Young adults are more skeptical of government and pessimistic about the future than any living generation before them.

This is with reason, and it’s likely to decide the election.

Rough Years and the Most Pessimism Ever

The Wall Street Journal has an interesting article on The Rough Years That Turned Gen Z Into America’s Most Disillusioned Voters.

Young adults in Generation Z—those born in 1997 or after—have emerged from the pandemic feeling more disillusioned than any living generation before them, according to long-running surveys and interviews with dozens of young people around the country. They worry they’ll never make enough money to attain the security previous generations have achieved, citing their delayed launch into adulthood, an impenetrable housing market and loads of student debt.

And they’re fed up with policymakers from both parties.

Washington is moving closer to passing legislation that would ban or force the sale of TikTok, a platform beloved by millions of young people in the U.S. Several young people interviewed by The Wall Street Journal said they spend hours each day on the app and use it as their main source of news.

“It’s funny how they quickly pass this bill about this TikTok situation. What about schools that are getting shot up? We’re not going to pass a bill about that?” Gaddie asked. “No, we’re going to worry about TikTok and that just shows you where their head is…. I feel like they don’t really care about what’s going on with humanity.”

Gen Z’s widespread gloominess is manifesting in unparalleled skepticism of Washington and a feeling of despair that leaders of either party can help. Young Americans’ entire political memories are subsumed by intense partisanship and warnings about the looming end of everything from U.S. democracy to the planet. When the darkest days of the pandemic started to end, inflation reached 40-year highs. The right to an abortion was overturned. Wars in Ukraine and the Middle East raged.

Dissatisfaction is pushing some young voters to third-party candidates in this year’s presidential race and causing others to consider staying home on Election Day or leaving the top of the ticket blank. While young people typically vote at lower rates, a small number of Gen Z voters could make the difference in the election, which four years ago was decided by tens of thousands of votes in several swing states.

Roughly 41 million Gen Z Americans—ages 18 to 27—will be eligible to vote this year, according to Tufts University.

Gen Z is among the most liberal segments of the electorate, according to surveys, but recent polling shows them favoring Biden by only a slim margin. Some are unmoved by those who warn that a vote against Biden is effectively a vote for Trump, arguing that isn’t enough to earn their support.

Confidence

When asked if they had confidence in a range of public institutions, Gen Z’s faith in them was generally below that of the older cohorts at the same point in their lives. 

One-third of Gen Z Americans described themselves as conservative, according to NORC’s 2022 General Social Survey. That is a larger share identifying as conservative than when millennials, Gen X and baby boomers took the survey when they were the same age, though some of the differences were small and within the survey’s margin of error.

More young people now say they find it hard to have hope for the world than at any time since at least 1976, according to a University of Michigan survey that has tracked public sentiment among 12th-graders for nearly five decades. Young people today are less optimistic than any generation in decades that they’ll get a professional job or surpass the success of their parents, the long-running survey has found. They increasingly believe the system is stacked against them and support major changes to the way the country operates.

Gen Z future Outcome

“It’s the starkest difference I’ve documented in 20 years of doing this research,” said Twenge, the author of the book “Generations.” The pandemic, she said, amplified trends among Gen Z that have existed for years: chronic isolation, a lack of social interaction and a propensity to spend large amounts of time online.

A 2020 study found past epidemics have left a lasting impression on young people around the world, creating a lack of confidence in political institutions and their leaders. The study, which analyzed decades of Gallup World polling from dozens of countries, found the decline in trust among young people typically persists for two decades.

Young people are more likely than older voters to have a pessimistic view of the economy and disapprove of Biden’s handling of inflation, according to the recent Journal poll. Among people under 30, Biden leads Trump by 3 percentage points, 35% to 32%, with 14% undecided and the remaining shares going to third-party candidates, including 10% to independent Robert F. Kennedy Jr.

Economic Reality

Gen Z may be the first generation in US history that is not better off than their parents.

Many have given up on the idea they will ever be able to afford a home.

The economy is allegedly booming (I disagree). Regardless, stress over debt is high with younger millennials and zoomers.

This has been a constant theme of mine for many months.

Credit Card and Auto Delinquencies Soar

Credit card debt surged to a record high in the fourth quarter. Even more troubling is a steep climb in 90 day or longer delinquencies.

Record High Credit Card Debt

Credit card debt rose to a new record high of $1.13 trillion, up $50 billion in the quarter. Even more troubling is the surge in serious delinquencies, defined as 90 days or more past due.

For nearly all age groups, serious delinquencies are the highest since 2011.

Auto Loan Delinquencies

Serious delinquencies on auto loans have jumped from under 3 percent in mid-2021 to to 5 percent at the end of 2023 for age group 18-29.Age group 30-39 is also troubling. Serious delinquencies for age groups 18-29 and 30-39 are at the highest levels since 2010.

For further discussion please see Credit Card and Auto Delinquencies Soar, Especially Age Group 18 to 39

Generational Homeownership Rates

Home ownership rates courtesy of Apartment List

The above chart is from the Apartment List’s 2023 Millennial Homeownership Report

Those struggling with rent are more likely to be Millennials and Zoomers than Generation X, Baby Boomers, or members of the Silent Generation.

The same age groups struggling with credit card and auto delinquencies.

On Average Everything is Great

Average it up, and things look pretty good. This is why we have seen countless stories attempting to explain why people should be happy.

Krugman Blames Partisanship

OK, there is a fair amount of partisanship in the polls.

However, Biden isn’t struggling from partisanship alone. If that was the reason, Biden would not be polling so miserably with Democrats in general, blacks, and younger voters.

OK, there is a fair amount of partisanship in the polls.

However, Biden isn’t struggling from partisanship alone. If that was the reason, Biden would not be polling so miserably with Democrats in general, blacks, and younger voters.

This allegedly booming economy left behind the renters and everyone under the age of 40 struggling to make ends meet.

Many Are Addicted to “Buy Now, Pay Later” Plans

Buy Now Pay Later, BNPL, plans are increasingly popular. It’s another sign of consumer credit stress.

For discussion, please see Many Are Addicted to “Buy Now, Pay Later” Plans, It’s a Big Trap

The study did not break things down by home owners vs renters, but I strongly suspect most of the BNPL use is by renters.

What About Jobs?

Another seemingly strong jobs headline falls apart on closer scrutiny. The massive divergence between jobs and employment continued into February.

Nonfarm payrolls and employment levels from the BLS, chart by Mish.

Payrolls vs Employment Gains Since March 2023

  • Nonfarm Payrolls: 2,602,000

  • Employment Level: +144,000

  • Full Time Employment: -284,000

For more details of the weakening labor markets, please see Jobs Up 275,000 Employment Down 184,000

CPI Hot Again

CPI Data from the BLS, chart by Mish.

For discussion of the CPI inflation data for February, please see CPI Hot Again, Rent Up at Least 0.4 Percent for 30 Straight Months

Also note the Producer Price Index (PPI) Much Hotter Than Expected in February

Major Economic Cracks

There are economic cracks in spending, cracks in employment, and cracks in delinquencies.

But there are no cracks in the CPI. It’s coming down much slower than expected. And the PPI appears to have bottomed.

Add it up: Inflation + Recession = Stagflation.

Election Impact

In 2020, younger voters turned out in the biggest wave in history. And they voted for Biden.

Younger voters are not as likely to vote in 2024, and they are less likely to vote for Biden.

Millions of voters will not vote for either Trump or Biden. Net, this will impact Biden more. The base will not decide the election, but the Trump base is far more energized than the Biden base.

If Biden signs a TikTok ban, that alone could tip the election.

If No Labels ever gets its act together, I suspect it will siphon more votes from Biden than Trump. But many will just sit it out.

“We’re just kind of over it,” Noemi Peña, 20, a Tucson, Ariz., resident who works in a juice bar, said of her generation’s attitude toward politics. “We don’t even want to hear about it anymore.” Peña said she might not vote because she thinks it won’t change anything and “there’s just gonna be more fighting.” Biden won Arizona in 2020 by just over 10,000 votes. 

The Journal noted nearly one-third of voters under 30 have an unfavorable view of both Biden and Trump, a higher number than all older voters. Sixty-three percent of young voters think neither party adequately represents them.

Young voters in 2020 were energized to vote against Trump. Now they have thrown in the towel.

And Biden telling everyone how great the economy is only rubs salt in the wound.

Tyler Durden Sat, 03/16/2024 - 11:40

Read More

Continue Reading

Trending