Friday's jobs report wasn't that bad, argues Niall Ferguson. Why would worse US jobs numbers cause a 12.2% drop in the Japanese stock market? 2024 faces shattered delusions including an AI bubble, Trump victory hopes, and US-China confrontation nonchalance.
Financial historian Niall Ferguson draws parallels between 2024 and the 1997 crisis that spread from Asia to Russia to US hedge funds. Concerns arise about potential financial contagion and significant macroeconomic distress, exacerbated by limited intervention capabilities due to the expansion of central bank sheets and public debts since 2008.
As Kamala Harris challenges Trump's lead, the Washington Examiner highlights that she has resonated with key voter groups, impacting Biden's position positively. Trump must strategically shift his focus to a three-part narrative targeting his previous presidency's success, blaming Harris for downturns, and promising a better future in response to the 'Kamalamania' wave.
In response to Harris's upsurge, there is a call for Trump to engage in a debate with her, providing Democrats with renewed optimism for winning the upcoming election in November.
#niall-ferguson #2024-financial-landscape #kamala-harris-vs-trump #us-election-strategies #debates-in-politics
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