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Thursday, March 28, 2024

Ugly! “Failure Almost Guaranteed” Regardless of Who Wins the Election

Courtesy of Mish.

The word of the day is “ugly”. That’s how Steen Jakobsen, Saxo Bank CIO and chief economist describes the US presidential campaign, broken social contracts, public debt, and productivity.

Things are so ugly, Jakobsen says “failure is almost guaranteed” regardless of who wins the election.

ugly

This is a guest post by Steen Jakobsen. The original appears at US Election: Nothing to lose — #SaxoStrats

US Election: Nothing to Lose

My present macro speech is titled “Ugly: Don’t fight with ‘ugly’ people as they have nothing to lose”.

To me, this is the essence of the US presidential campaign. The ugly truth surrounding this ballot lies in the bigger picture, as whomever becomes president will go down in history as the “non-president” – the president who made us need, see, and demand something else.

For all of the colourful headlines, and the almost McCarthy-esque pursuit of Trump by mainstream media, this is not going to be about “Trump, the person” or his more or less moronic views; Trump merely represents the catalyst for change. He is the anti-establishment candidate, yes, but not our vision for the future.


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