What with all the political turmoil in the UK, it's easy to forget that the US presidential election cycle is in full swing. It is still well over a year before the general election in November 2020, and it's six months before the first primary caucus next February, but the candidates for the Democratic nomination are campaigning vigorously. The next round of TV debates is only a fortnight away and there are rumours that many of the fringe candidates will drop out if they fail to do well enough in terms of polls and fundraising to earn the right to take part.
With 24 candidates officially running, even if half the field drops out, that still leaves an unprecedented number left in the contest. According to Betfair, the favourite, former vice-president Joe Biden has odds of 3.9, which gives him only an implied 25.6% chance of winning the nomination. The other leading candidates are Elizabeth Warren at 3.95 (25.3%), Bernie Sanders at 7.2 (13.9%), Kamala Harris at 7.6 (13.2%) and Pete Buttigieg at 7.5 (13.5%).
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Jim O’Neill on nearly 25 years of the BRICSJim O’Neill, who coined the acronym BRICS in 2001, tells MoneyWeek how the group is progressing
-
Build or innovate? How to solve the productivity puzzleOpinion There are two main schools of thought when it comes to solving the productivity puzzle, says David C. Stevenson
