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Property for sale by Auction A woman with shoulder-length dark hair, dressed in a blue blazer and white blouse stands close to a man in a suit and tie, both smiling at each other. In the dimly lit setting with several flags blurred in the background, it feels as if Kamala Harris could be given the chance to become the most powerful woman in the world. Presented by World of Auctions

Will Kamala Harris Be Given the Chance to Become the Most Powerful Woman in the World? Are We About to Have the First Female President of the USA

Will Kamala Harris Be Given the Chance to Become the Most Powerful Woman in the World? Are We About to Have the First Female President of the USA?

Introduction

The possibility of Kamala Harris becoming the first female President of the United States has been a topic of significant discussion this morning 22nd July 2024. As the current Vice President, Harris stands closer to the presidency than any woman in American history. This blog explores the potential of Harris ascending to the presidency, the implications for financial markets, bond markets, and auctions worldwide, and the broader impact on society.

Kamala Harris: A Historic Figure

Kamala Harris has already made history as the first woman, first South Asian American, and first Black Vice President of the United States. Her nomination and subsequent election to the vice presidency symbolize a significant milestone in the evolving role of women in American politics. Harris’s rise to the White House creates necessary visibility for people from underrepresented backgrounds, broadening the horizons of what is possible.

Kamala Harris

Property for sale by Auction A group of six young students and two adult women standing together and smiling in a classroom. The students are dressed casually, and the women are dressed in professional attire. Colorful posters with messages, signatures, and photos are displayed on the wall behind them. Presented by World of Auctions
A group of six young students and two adult women standing together and smiling in a classroom. Presented by World of Auctions

 

 

The Path to Presidency

The discussion about replacing President Joe Biden with Vice President Kamala Harris atop the Democratic ticket has gained serious traction. If Harris becomes the Democratic nominee and wins the presidency, she would be the first woman to serve in this role. However, her tenure might come with an asterisk since she may not have beaten a crowded field in a full primary. If she loses, it could impact the perception of future female candidates.

 

Economic Policies Under a Harris Administration

Investors should expect a potential Harris administration to defend the economic policies instituted during Biden’s term. This includes a 15% corporate minimum tax for large corporations and negotiations over the extension of the 2017 tax cuts. Harris’s long ties to big tech firms could be beneficial for tech investors. However, her lack of a long track record on economic policy might pose challenges.

Property for sale by Auction A man and a woman stand arm in arm smiling in an office with a desk behind them. The room has two flags on either side - the American flag and another with an emblem. There are two table lamps on either side of the desk and a dark blue wall in the background. Presented by World of Auctions
Douglas Emhoff and Kamala Harris stand arm in arm smiling in an office. The room has two flags on either side – the American flag and another. Presented by World of Auctions

 

 

Impact on Financial Markets

A Harris presidency could have several implications for financial markets. The continuation of Biden’s economic policies might lead to more fiscal restraint, especially if Republicans control at least one chamber of Congress. This could result in a more stable economic environment, which is generally favourable for financial markets.

Bond Markets and Auctions

The bond markets might react positively to a Harris administration if it continues to support fiscal policies that promote economic stability. However, the need to negotiate over tax cuts and other fiscal policies could introduce some uncertainty. Auctions worldwide, particularly those involving U.S. Treasury bonds, could see increased activity as investors seek safe-haven assets in a potentially volatile political landscape.

Broader Societal Impact

Harris’s potential presidency would have a profound impact on the next generation of women and people from underrepresented backgrounds. Her election would put to rest the question of the electability of women to high office and inspire future generations to pursue leadership roles. Harris’s gender and race lens would bring a unique perspective to the White House, influencing policy in unprecedented ways.

 

Property for sale by Auction A group of women stands together in a formal setting, smiling for a photo. They are dressed in a variety of outfits, including business and casual attire. An American flag is visible in the background, along with a large screen. The setting appears to be an official room. Presented by World of Auctions
The Congressional Black Caucus now has the most members in its history, thanks in part to these amazing newly-elected women. An American flag is visible in the background, along with a large screen. The setting appears to be an official room.

 

In Conclusion

The possibility of Kamala Harris becoming the first female President of the United States is a historic and transformative prospect. Her presidency could bring significant changes to economic policies, financial markets, and societal norms. As we stand on the brink of potentially having the first female president, the world watches closely to see how this unprecedented event will unfold and shape the future.

 

World of auctions has pleasure in providing a early comprehensive overview of Kamala Harris’s potential path to the presidency and its implications and we hope provide context to the discussion.