Wednesday , November 6 2024
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Biden polling

Summary:
Lowest of any President in US history… he has effectively zero political capital left… GOP simply will not participate in the Dem CR with polling this low… which means if Dems don’t revise the current legislation we get a Government shutdown at least and highest likelihood of default due to debt ceiling yet…As of yesterday’s DTS the TGA + EMs = 470b so we at least have another 6 weeks for them to figure it out…

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Lowest of any President in US history… he has effectively zero political capital left… 

GOP simply will not participate in the Dem CR with polling this low… which means if Dems don’t revise the current legislation we get a Government shutdown at least and highest likelihood of default due to debt ceiling yet…

As of yesterday’s DTS the TGA + EMs = 470b so we at least have another 6 weeks for them to figure it out…



Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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