Wall Street is going toward a straight free fall -- no one knows what's going to happen with the market
How have recent presidential policies impacted economic forecasts?
Recent presidential policies have significantly impacted economic forecasts, with market prognostications becoming increasingly uncertain due to large-scale spending, money printing, and other policy decisions. The economic stances of both Donald Trump and Joe Biden have created confusion and added to the challenges faced by forecasters, investors, and consumers alike. The increasing national debt, as well as the potential consequences of continued spending, have further complicated economic forecasting, leading to a heightened sense of uncertainty within the financial sector.
How might a change in leadership affect economic policies post-debate?
A change in leadership can impact economic policies post-debate as leaders with different ideologies and priorities may implement varying fiscal, monetary, and regulatory measures. This can influence growth, inflation, employment, and income distribution. Additionally, leaders' individual characteristics, such as their background and beliefs, can shape their policy decisions and affect economic outcomes.
What are Biden's promises if re-elected regarding spending?
Biden's promises if re-elected include doubling down on student debt relief, increasing spending on green energy initiatives, promoting electric vehicles, and supporting government-subsidized chip manufacturing. His budget proposal also aims to reduce the deficit by $3 trillion over the next 10 years through various measures, including tax reforms and cutting wasteful spending.