Rickards’ Five 2024 Forecasts
I have five forecasts for 2024 to help keep you ahead of the curve in positioning your investment portfolio.
My overall forecast is that 2024 will be more tumultuous and shocking than 2023. That may seem hard to credit.
With two major wars going on, an indicted former president and a demented current president, how can 2024 be more challenging than 2023?
Rest assured; it will be. I explain why below.
An Election of Dire Consequences
It’s a cliche to write that the next presidential election will be the “most important in our lifetimes.” Yet in 2024 that cliche will actually be true.
The divide between the two parties is probably greater than at any time in U.S. political history since the Civil War. The choice could not be more stark and the stakes could not be higher.
That’s why this election is so important.
First off, I don’t think that Joe Biden will be the Democratic nominee for president.
Biden’s problem is not just his age, but the fact that he actually is mentally and physically impaired. He’s simply not fit to be president, and everyone knows it even if Democratic operatives and media sycophants don’t want to mention it. But who will replace Biden?
The most likely replacements are Gavin Newsom, J.B. Pritzker, Gretchen Whitmer and Jennifer Granholm. All four were or are state governors. They’re all about the same ideologically; take your pick. Forget Kamala Harris; she’s simply too much of a liability.
The Republican Side
On the Republican side, there’s not a lot to say. Trump will be the nominee; no one can recall a non-incumbent with such a large lead in the polls.
He’s leading the pack by 55 points or more and is now even running ahead of Joe Biden in recent polls.
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