Part II : Joe Biden's Presidential Survival

 

N.B. This post is a continuation of my lengthy article, "How Long Can President Biden Survive in 'Survival Mode?'" (Part I), which provides extensive background information, data and links to public articles.

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* See UPDATE below...

The MSCI World Index has been in freefall since January, as shown on the following monthly chart.

Major support sits at 2000, while longer-term supports lies at 1600.

Threats of world-wide recession are looming, as described in the following article...

Source: ZeroHedge

ZeroHedge excerpt

The following posts provide further details and warnings in this regard:

• Emerging Market ETF (EEM)

• Europe/Germany/Italy

• China

• SPX

• U.S. Banks & XLF

• Inflation

• Bitcoin & Cryptocurrencies

• ESG

Trade with caution!

The U.S. is now in a technical recession...but the hucksters  (including President Biden) would have you believe that technical data doesn't matter and that everything is rosy...

Source: ZeroHedge

The following sums up the current chaotic state of affairs...choose your definition and place your bets accordingly, if you dare. 😏

ZeroHedge excerpt

* UPDATE July 29...

Nice to know that America is not experiencing famine...White House gobbledegook blatant lies have gotten even more bizarre! 😕

Joe Biden and his cronies are completely tone-deaf and just don't care about Americans! 

Source: ZeroHedge

Consumers are experiencing stress, not confidence, in Biden's economy...

Source: ZeroHedge

Oh, look...more examples of Democrat hypocrisy...👀

Source: ZeroHedge

More scandals surface in Joe's FBI...targeting Americans, including parents of school children.

Source: ZeroHedge

Reminder of Joe's soft-on-China policies...why, if his own FBI has testified before Congress, warning that China is America's biggest threat?

Time's running out for Joe to right the entire mess that he created.

* UPDATE Aug. 1...

Of course the U.S. is in a recession (or a "banana" as was sarcastically called during former President Jimmy Carter's recession, because he forbade the usage of that term).

If you put lipstick on a pig, it's still a pig. 😏

Source: ZeroHedge

ZeroHedge excerpt

* UPDATE Aug. 5...

How Long Can President Biden Survive In 'Survival Mode?'

N.B. This will be a very long and depressing post by the time President Biden's first (and likely only) term is up in January 2025...a refection of his character and policies and the damning effects they are having on Americans, the economy, the environment, the country's national security, as well as the rest of the world's economies and global social stability.

Part I

* See UPDATES below...

Add this disturbing development involving the Supreme Court to the long list of President Biden's failures -- and national security threats that have formed since he took office -- and you've got a very big problem brewing in the U.S. that is contributing to a high level of uncertainty and a general malaise over future prosperity prospects for its citizens and domestic and foreign investors.

Source: ZeroHedge

So, how long can Joe Biden survive in 'survival mode?' He may barely survive until his four-year term ends, but it's doubtful that many Democrat members of the House and Senate will when their term expires this November, inasmuch as they've enacted his policies (and have pulled him to the extreme far left on many issues) and are directly accountable to their constituents who are negatively impacted by the fallout of Biden's agenda, especially by out-of-control inflation and a high crime wave in their cities.

Look for a 'red wave' to occur during the 2022 mid-term elections, as a result of President Biden's 'lack of courage' to govern the way he promised in his speech when he was sworn into office on January 20, 2021...as a self-professed centrist and a uniter. No one believes his proclamations anymore...but, I doubt many did in the first place.

Market players have already voted with their money...and, it's not favourable for Joe Biden, his agenda, or the Democrat party...see my post of February 21 for further details on major support levels for the SPX pertaining to its break of its Head and Shoulders neckline at 4200.

The SPX closed at 3851.85 the day of President Biden's inauguration. Most of the gains it made since then have been wiped out this year.