Why Election Markets Are Betting Against Trump

by Jeffrey A. Tucker
The American Institute for Economic Research

The betting markets judge Trump’s prospects for keeping the presidency with more negativity each day. As of this writing, there is a 24-point gap between Trump and Biden. It seems unbelievable that it shows confidence in Biden; rather it is likely a measure of how Trump’s glamour and glitz are fading.

You can dismiss this. You can also disregard the many reports that Trump is demoralized and considering dropping out of the race. Maybe he will pull a rabbit out of the hat. Maybe the polls are wrong again, and the betting odds also. Maybe. But actually, based on what I can read from his Twitter feed, I suspect that Peggy Noonan is correct:

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