Why Biden badly needs a win in Ukraine? | David Woo

The 2024 US election is still 18 months away, but it is starting to exert its influence on the world stage. The performance of the US economy will be critical for the Biden reelection, but the debt ceiling has eliminated the possibility of any fiscal stimulus. The Biden campaign understands well it is only a question of how much US fiscal policy will tighten and whether the economy can avoid a recession in 2024. An important recent poll shows voters have greater confidence in the management of the economy by Trump. This means the Ukraine war could prove pivotal for the 2024 us presidential election. With the emergence of Robert Kennedy Junior as an anti-war candidate, Biden cannot afford to allow the war to drag on. He needs a quick Ukrainian victory to justify the massive support the US has given to Kiev to keep it in the war. A Ukrainian defeat will be viewed as a defeat of the US led unipolar world and will make Biden vulnerable to attacks from both sides of the US political spectrum. How will Biden's political considerations influence Zelensky's and Putin's strategies in the battlefield in the coming weeks? What is the worse case scenario for the world and financial markets? David Woo, a former top-ranked Wall Street global macro strategist and IMF economist, tells it as it is. You may not agree with everything he says but he will make you reassess everything you thought you knew.

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