Nobody likes tough macro events, especially during the holiday season, but some things need to be said, according to Trust Economics. As you know, US Federal Reserve Chairman Jerome Powell has promised that 2024 will be the year of interest rate cuts. In this regard, it should be pointed out that Powell is neither a …
Category: US
proposed fiscal policies for US economies
The FED Won’t Help ‘Bidenomics’ – Interest Rates and the 2024 Elections
In recent years, Jerome Powell stood firm on the monetary principles he espoused: The Fed was prepared to do whatever it took until inflation returned to its 2% target. On Tuesday, December 12, 2023, Powell showed signs of a change in attitude. The reasons are obvious and it is certainly beyond any economic logic. At …
U.S. Infrastructure Program turns to Social Justice by Launching Public Debt
Expectations for the $2trillion Infrastructure Project announced by US President Joe Biden on Wednesday 31/03/2021 are high. With his announcements he decides to shift to social justice with a new form of income redistribution in US society while stopping the tendency to constantly reduce corporate taxation. Joe Biden is largely taking away the gifts of …
Increase in Total Demand or Recurrence of Inflation in the U.S.
US President Joe Biden, to pull the US economy out of recession, triggered by repeated economic shutdowns and social distancing in 2020 aimed at tackling the Covid-19 pandemic, has promised to promote a giant fiscal support package to boost activity in the economy equal to 9% of US GDP. The Weak overall demand in the …
How the US and the World’s Countries will avoid the Economic Armageddon caused by the Lockdown of Coronavirus Pandemic
The terrifying economic downturn that the developed economies of the world are gradually facing, especially that of the US, due to the Covid-19 (Coronavirus) pandemic is much worse than the global financial crisis of 2008 caused by the collapse of the US investment bank Lehman Brothers Holdings Inc. This is because the current crisis is …
Governments and Central Banks React while the World Economy Enters in Recession Coma
The EU last week announced that the enforced rules on budgetary discipline are being suspended in order the member-countries of Eurozone to deal drastically with the upcoming recession due to the Covid-19 (Coronavirus) pandemic. The US Senate House on March 25 approved the $2trillion fiscal package proposal of US President Donald Trump to supprot the …