CELENTE: Harris Looks Like She'll Beat Trump, Barring a Wild Card
It was a mistake for Trump to pick Vance as his vice president
NOTE TO READERS: The following is our weekly Economic Update — Market Overview found in this week’s issue of The Trends Journal. Consider subscribing here for in-depth, independent geopolitical and socioeconomic trends and trend forecasts that you won’t find anywhere else.
As trend forecasters, we note that “Opportunity misses those who view the world through the eyes of their profession.”
What this means is that when a person is deeply absorbed with whatever sector of work they live in, and stuck in a political/social belief system, they are blind to the essential current events forming future trends.
Trends Journal subscribers know well that we had long forecast that Joe Biden would not run for president this year.
What was keenly essential, but ignored by the mainstream media, but again reported by The Trends Journal, was that the Democratic Party purposely pushed for a debate between Biden and Trump in June.
We noted that U.S. presidential debates begin in late September, never, ever in early summer. So, they pushed for this to show Biden’s incompetency so they could replace him with another candidate.
Love or hate Biden’s replacement, Kamala Harris, makes no difference.
What it means, is the most important factor.
On the economic front, we forecast, with the hopes of her beating Trump rising, the Federal Reserve will escalate its lowering of interest rates to help the party in power… stay in power. As we continually note, with the former Fed-Head Janet Yellen now the U.S. Treasury Secretary, the Federal Reserve Banksters are America’s money mafia and the gang will do what they can to make the dire economic conditions look rosier.
Remember, as the behind-the-scenes 1992 Bill Clinton campaign crew noted, “It’s the economy, stupid.”
And right now, for the average American, the economy is “stupid.”
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According to Fox News, “Cox Automotive [stated], the volume of repossessed vehicles at Manheim auctions, the largest wholesale marketplace, is up 23 percent year over year through the first half of 2024. They are also up 14 percent compared with the same period in 2019, according to the data.”
While noting that this is just one metric, Jeremy Robb, Cox Automotive senior analyst, told Fox Business that he also tracks defaults industry-wide using Equifax data. “That data suggests that defaults are up 11 percent during the first half of the year compared with the same period in 2019,” Robb said. “Lenders can repossess a vehicle when a loan is in default.”
On the home front, the National Association of Realtors reported today that home sales were down 5.4 percent compared to June of 2023… which was the slowest sales pace since December.
Going back to lowering interest rates in the run-up to the November election, the Feds will bring rates down so the 30-year fixed mortgage, which jumped above 7 percent—but is still in the high 6 percent range—will be lowered so as to increase housing sales. Indeed, according to the Bureau of Economic Analysis, the total amount of interest consumers paid on mortgages in 2023 was up 14 percent compared to last year.
Feeling the Economic Pain
According to a CNN poll released today, “Nearly four in 10 (39 percent) of U.S. adults say they worry most or all of the time that their family’s income won’t be enough to meet expenses. That’s up from 28 percent who expressed those concerns in December 2021, and it’s similar to the numbers seen during the Great Recession (37 percent). To cope, significant shares of Americans said they are adding side jobs, cutting down on driving and putting more expenses on credit cards.”
Yes, and while they are putting more expenses on credit cards, with the Bankster mafia running America’s economy, the interest consumers paid on credit cards and auto loans jumped 50 percent from 2021. This year, the average annual percentage rate for credit cards is 22 percent. Back when interest rates were in the zero range two years ago, the average rate was 15 percent. Therefore, with interest rates rising, so too are the delinquency rates for credit card accounts, which hit above 3 percent in the first quarter of this year… the highest level since 2011, during the Great Recession.
On the automobile front, auto loan write-offs at banks also increased, hitting their highest levels since 2011, according to Moody’s Analytics.
Higher interest rates and higher inflation keep hitting the plantation workers of Slavelandia.
Moody’s Analytics noted that because of inflation, the average American household is spending $925 more a month on the same goods and services compared to prices three years ago. Sixty-five percent of Americans say that expenses and the cost of living are the biggest economic problem facing their family today, a CNN poll said.
Once again, we note this because “It’s the economy, stupid,” and the political powers running America will do all they can to stay in power. Thus, we maintain our forecast for interest rates to be pushed much lower in hopes of juicing economic growth.
TREND FORECAST: There are many wild cards that can be played between now and Election Day, 5 November, thus our forecast of who will win the Presidential Reality Show® is a trend forecast, not a “prediction.”
Minus a wild card, we forecast that Kamala Harris will defeat Donald Trump. As we had noted, it was a mistake for Trump to pick Vance as his vice president since Vance is from Ohio, a state that Trump easily won in 2020. Being that American elections are counted by who wins the most electoral votes, Trump should have picked someone from a swing state to boost his electoral numbers.
And most importantly, the reason the Republicans did not do well in the 2022 midterm elections was because of their anti-abortion stance. With Trump’s VP anti-abortion and Trump trying to play both sides of the fence—he is for the States-Rights… allowing each state to do what they wish—Harris will get a strong number of women voters, plus a large segment of the black vote…which is key in swing states. Again, it’s not what you like, wish or want… it’s what is, and abortion is a key voter issue as we, and only we at The Trends Journal have detailed.
As long as she doesn't "blow the job"... I think you are right. But in the long run does it matter? The Zionist billionaire money control over the USA will not change. Nobody is going to end the Federal Reserve, stop massive replacement workers coming in, hold anybody accountable for the bio weapon/death shot, stop the 24/7 surveillance state, or reduce the massive military budget.
I read this with an open mind Gerald bc honestly I couldn’t believe the headline! Not even the Ds like Kamala. She was placed in the VP role at the insistence of Obama. She has her role to play. My guess is that she will secure the delegates and then pass the baton off to some other character. Maybe Michelle O. Maybe HRC. Or maybe even Barack will legally change his name and/or gender and run again. Think that sounds foolish? Not if the Ds get to stack the Supreme Court and they decide he is a new entity. I have recently heard that Alito and Thomas are being targeted for removal. Is it so far fetched that they would offer Kamala one of those seats and she could graciously step aside from the race to accept? Kamala is our alleged border czar and look what a cluster she has made of that! She has never even visited the border! Bad, bad news.
Meanwhile, DJT was just the victim of an attempted assassination and he really is beloved by the majority of the citizens. All the Ds need is the math to work on their phony ballot scams. Do they have anyone well liked enough to pull off this hat trick? Time will tell, but I think the playbook is already known.
And yes, “it’s the economy stupid”, but how much damage can be undone in 90 days? They are running out of time and a lot of wildcards are headed our way, including war which if nuclear would be disastrous. Praying that you’re wrong on this one. Glad you’re not making the prediction official!