{"id":629,"date":"2020-10-31T11:16:20","date_gmt":"2020-10-31T11:16:20","guid":{"rendered":"https:\/\/www.invest19.com\/blog\/?p=629"},"modified":"2022-01-31T13:37:32","modified_gmt":"2022-01-31T13:37:32","slug":"is-2-term-u-s-presidential-custom-ending-this-year","status":"publish","type":"post","link":"https:\/\/www.invest19.com\/blog\/is-2-term-u-s-presidential-custom-ending-this-year\/","title":{"rendered":"Is 2-term U.S. Presidential custom ending this year?"},"content":{"rendered":"
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People say that a custom relies upon a series of similar\nevents which have been in past and world economy is aware with two consecutive\nterms of U.S. presidents. One doesn\u2019t need to go back 50 years and scrutinize\nthe complete statistics of U.S. Presidents tenure as only a glimpse of recent\nyears is enough to claim the statement. Last three U.S Presidents: Bill\nClinton, George W Bush, Barak Obama had remained presidents for 2 terms in\n1993-2001, 2001-2009, 2009-2017 respectively, which seems that U.S. population\nbelieves in giving enough time to their presidents to prove themselves worthy.<\/p>\n\n\n\n

This time it\u2019s\ndifferent<\/strong><\/p>\n\n\n\n

Democratic-led Joe Biden seems catching more confidence this time as grey market is favoring for his win after Donald Trump\u2019s ineffectiveness in achieving the standard macros. As per the U.S. Bureau of Labor Statistics, U.S. Employment rate has fallen substantially to 56.60% (in Sep 2020) from 60% (in 2017) while U.S. Initial Jobless Claims data ( in which people registers them for jobless claims for the very first time) has increased to 751k in September 2020. There is no denying the fact U.S. macroeconomic data are in serious trouble and economic indicators are not painting a rosy picture of future, which has reduced the probability of U.S. President Donald Trump to win consecutively. <\/p>\n\n\n\n

Must Read: 3 filters which investors should not avoid while selecting a stock for portfolio<\/a><\/p>\n\n\n\n

What people are\nmissing in Trump\u2019s tenure?<\/strong><\/p>\n\n\n\n

The primary poll for U.S. Presidential election is clearly\nfavoring Joe Biden for Presidential candidate as administration of Trump failed\nto keep the momentum of macroeconomic indicators intact. While, one should not\nforget that the era of former presidents didn\u2019t face the epidemic of\nCoronavirus in U.S. Nor they had faced zero prices of crude oil and accelerated\ntrade tensions between U.S. and China. Unexpected calamites have no prior\ntheory of shields to counter and U.S. President Donald Trump has faced them\nboldly.<\/p>\n\n\n\n

Labor data has always been a considered a major benchmark to determine the strength of U.S. economy. In the pre-Covid epidemic in U.S., U.S. Employment data was standing at 61.2% higher the highest level of 59.6% which was recorded in times when Barak Obama was handling the Presidential chair. While, in the case of Initial Jobless claims, U.S. President Trump has maintained the status quo. Moreover, the slippages in both macro-economic data are reaching their pre-Covid levels quickly. People have started living their life in a pre-covid manner and an uncertainty in final poll results is highly expected. <\/p>\n\n\n\n

Also Read: Who would have thought that eating pizza while watching movies at OTT platforms will make fortune for investors?<\/a><\/p>\n

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People say that a custom relies upon a series of similar events which have been in past and world economy is aware with two consecutive […] Read More<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":630,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[180,48,10],"tags":[],"class_list":["post-629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-economy","category-featured"],"_links":{"self":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/comments?post=629"}],"version-history":[{"count":1,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/629\/revisions"}],"predecessor-version":[{"id":631,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/629\/revisions\/631"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media\/630"}],"wp:attachment":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media?parent=629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/categories?post=629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/tags?post=629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}