by James Rickards
Daily Reckoning
Most investors are highly focused on the U.S. presidential election this November, and rightly so.
As of now, subject to change, that election is likely to feature a rematch of the Biden-Trump election of 2020. Their policies could not be more different.
Biden is a rubber stamp for every progressive policy from open borders, climate alarmism and support for abortion to expanding the war in Ukraine.
On the other hand, Trump favors more oil and gas production (“drill, baby, drill”), an end to subsidies for electric vehicles, peace negotiations in Ukraine and withdrawal from the globalist agenda including higher tariffs on China.