Biden is political equivalent of 10-year Treasury

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Biden is political equivalent of 10-year Treasury
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Joe Biden’s dramatic turnaround shows that, like investors, voters are seeking a safe haven in uncertain times, writes Three_Guineas.

Former Vice President Joe Biden won nine of the 14 U.S. states in which Democrats voted for their preferred presidential candidate on March 3, and was projected to win a 10th. American Samoa had also conducted a selection process.

After so-called Super Tuesday, Biden had more pledged delegates – representatives sent to vote for him at the Democrats’ annual convention in July – than any other candidate, according to projections by the New York Times. Vermont Senator Bernie Sanders was in second place on March 4. Michael Bloomberg – the billionaire co-founder of Bloomberg LP, which competes with Thomson Reuters, and former mayor of New York City – was on the ballot for the first time on Tuesday. His only victory was in American Samoa.

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