The Great Election Recession Bake-Off 2024

When the Only Thing Scarier Than the Candidates Is the Crypto Economy

The fact is the American people do not want to hear the same kind of negativity the same kind of attacks that he’s been delivering. His strength is on issues — most particularly the two issues that matter most: inflation and immigration. But instead of speaking about those two issues and talking about the failures of the Biden Administration, he’s been making these personal attacks and it’s frankly turning the voters off that he needs to reach now.

— Frank Luntz, Republican Communications Strategist, CNN August 13, 2024

Why do I get the sense that Kamala Harris is in a race, not just against Donald Trump, but with the Federal Reserve? The Fed had been holding interest rates steady to control inflation but given the growing concern about lagging growth and massive layoffs, they have signaled the possibility of a rate cut in September. The timing is not good if you are an incumbent and your opponent’s economic attacks, when they are coherent, are about higher prices at the grocery store.

Compared to Europe and most of the world, inflation in the US is below the average. One would expect inflation to rise when the world is at Peak Everything, right? But digging a little deeper, there…