In 2024, presidential and congressional elections will take place in many countries. There has been speculation for a long time that existing ruling regimes try their best to make the economy prosperous and market bullish in the run-up to an election. The underlying belief of this is that government policies, whether fiscal or monetary, are effective and efficient. The latter is crucial because this requires a policy launched in the election year to have an imminent impact on the economy or market. If the pleasing actions by the existing ruling regime are more oral than practical, then soon after, people would find no improvements…
