Recently, Mad Money host Jim Cramer said he would have no more objections to Vice President Kamala Harris if she were his preferred candidate in the November election. US presidential elections. According to him, its policies will favor large corporations and multinational corporations more than Joe Biden does.
Vote for Kamala Harris
While Biden has been very aggressive in his approach to corporate regulation, Cramer sees Harris as more centrist and believes that could lead to a pro-business environment that could stabilize markets during what he calls the “Black November” economic turmoil.
This would also reflect economic uncertainty, with direct implications for inflation, geopolitical tensions and the movement of stock market indices affecting investor confidence. He said an initiative headed by Harris’ party could alleviate or eliminate all of these concerns.
BREAKING: Jim Cramer says Kamala Harris will win.
It’s over for her.
– Doge Designer (@cb_doge) October 11, 2024
Its policies could be an excellent combination of economic growth and stability, especially at a difficult time when companies are learning markets around the world. Harris will likely ensure competitive forces, but she will not necessarily radically transform big companies with a regulatory system that encourages innovation without stringent measures.
A unique approach to organizing technology
While Biden invokes a more interventionist political style, we can see the opposite for Harris who uses a greater focus on technology-based policy. Overall, Cramer believes Kamala Harris’ approach will be less aggressive compared to the opposition. He believes it can find a balance that will create competition without stifling the major players in the technology industry.
Cramer’s thoughts on the Trump-Vance duo
Cramer even speculates on the type of economic ticket for the president and vice president pair Donald Trump And J.D. Vance would mean he would be protectionist and pro-insider. While this would help in some areas, it may pose a threat to other multinational companies that rely on international supply chains.
Cramer argues that increased protectionism and economic nationalism would lead to destabilization, especially in companies whose business models involve international operations. A more globally focused economic agenda, Harris suggests, would certainly drive the wave of globalization in which globalization has so far occurred while increasing stability opportunities for transnational corporations with interests abroad.
How a Kamala Harris presidency could impact the cryptocurrency industry
Meanwhile, if Kamala Harris wins the presidency, her centrist approach to regulating technology could significantly impact the cryptocurrency industry. In contrast to Biden’s aggressive regulatory stance, Harris may work to foster an environment more conducive to innovation. This may allow cryptocurrency companies to flourish without strict regulations, boosting competition while encouraging growth.
With the cryptocurrency market valued at $2.1 trillion, a Harris presidency may bring clarity and stability to an often uncertain regulatory landscape. However, their policies are likely to adapt to broader economic needs as they deal with market complexities.
Featured image from Getty Images, chart from TradingView
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