A top strategist at JPMorgan has predicted that Joe Biden may withdraw from the upcoming presidential race. But, he predicts he will do it after Super Tuesday. That would create a crisis for the Democrats. How would they then determine who will get the Democratic nomination? I can’t see them giving it to Kamala Harris based on the fact she was Biden’s number two. She would be acceptable for the radicals except for the fact that she can’t win.
The extremists in the Democratic party would probable get the candidate that they favor, which could be Gavin Newsom or Hillary Clinton. The Democrats need someone who can make the polls seem relatively close so that they have room to manufacture enough votes to win. Let’s face it, they only have one way to win and that’s by negating the votes from actual voters. The more they go after Trump, the more determined his supporters are and they will show up and vote.
JP Morgan analyst Michael Cembalest, Chairman of Market and Investment Strategy for J.P. Morgan Asset Management made the prediction that Biden will drop out after Super Tuesday and other predictions he has for the coming year.
Among the surprises, Cembalest predicts the following “top ten surprises for 2024:”
- The US dollar remains stable
- The DoJ/FTC win a big antitrust case.
- President Biden withdraws sometime between Super Tuesday and the November election, citing health reasons. Biden passes the torch to a replacement candidate named by the Democratic National Committee.
- The driverless car backlash is coming.
- Broadly syndicated loan (BSL) losses rise above private credit losses for the first time.
- Argentine dollarization will fail if implemented.
- Russian invasion of Ukraine drags on with no ceasefire in 2024.
- Despite storm clouds over US regional banks, their stocks will do well in 2024 with stable or rising price to book values.
- Due to retirement of dispatchable power generation (nuclear, coal, gas) and underinvestment in pipelines, gas storage and winterization, major US cities will face electricity outages and/or natural gas outages (which are much worse).
- Researchers will complete work on an inhaled COVID vaccine that will sharply reduce transmission.
In 2021, former White House physician for Presidents Barack Obama and Donald Trump, and current Texas Representative Ronnie Jackson posted an honest assessment of Joe Biden’s physical and mental condition on Twitter.
VISIT OUR YOUTUBE CHANNELRep. Ronnie Jackson: “I served as White House physician under THREE Presidents. I’ve seen what it takes physically AND mentally to do the job. I can tell you right now that the way Biden is hiding from the public is a MAJOR red flag. Something’s not right!”
Back in July, The Gateway Pundit also predicted that Joe Biden would step down from office after a sudden medical emergency before weak and feckless Republicans muster up the nerve to impeach him.
Democrats and their lapdog media will then insist the Biden Crime Story is “yesterday’s news” and “has already been prosecuted.” The American public will be lectured on what a great leader Joe Biden was and how he should be forever honored in our memories and the history books.
