The Biden administration has until June 1st, so that the US does not end up in default, which in turn will bring a series of “chain” reactions that will cause a global economic shock. And the reason is very simple: American banks are “loaded” with government bonds and may collapse if the debt ceiling is …
Tag: USA
The Real-estate market in turmoil and how the EU & USA is hitting Growth
Investments in real estate are traditionally made with loans, the vast majority of which have a variable interest rate. Rising interest rates increase the cost of servicing loans and consequently reduce or eliminate the profit of the companies that own the properties. Already, internationally, the first effects are being observed, with many large companies that …
The Limits of “Economic Orthodoxy”
Every year the executives of the US Federal Reserve System gather in Jackson Hole, Wyoming for an annual financial symposium. At this year’s meeting, everyone was expecting the position of Fed chief Jerome Powell. And the message from the American central banker was clear: at the moment the priority is to reduce inflation. The direction …
The Individual and Governmental Responsibility and the Ways to improve the Healthcare Systems to efficiently respond in Pandemics
Since the eruption of the Covid-19 (Coronavirus) outbreak in the countries of the West (EU, UK, USA, etc.) which are severely affected and the adoption of restrictive measures on the movement of citizens and a general lockdown on their economies, the governments of all these countries that are taking these measures constantly say that in …