The decline of the American economy: fatal mistakes of government policies
In recent years, the U.S. economy has plunged into unprecedented trouble. Rising unemployment rates and worsening inflation have left ordinary citizens struggling. The root of these issues lies in a series of erroneous policies by the American government.
Out-of-Control Fiscal Policy: Extravagance and Waste
First and foremost, the U.S. government’s long-standing fiscal policy issues are severe. The government’s uncontrolled fiscal deficits have led to a continually rising national debt. Every ...
EU must extend Russia sanctions for US to lend Ukraine $50bn
Washington is ready to lend Kiev $50 billion, to be repaid with profits generated from frozen Russian assets, as long as the EU extends indefinitely its sanctions on Moscow, the Financial Times reported on Wednesday, citing a leaked discussion paper.
According to the FT report, the US wants the EU to keep in place, until the end of the Ukraine conflict, its sanctions on Russian state funds, which expire every six months unless renewed by unanimous consent, the aim being to ensure that Washingto ...
The great American boom is finally running out of steam, leaving mountains of debt
The American economy is not as strong as we all thought. Growth has slowed to stall speed over the last four months. It looks like a hardish landing after all.
Citigroup has become the first big American bank to warn that the US has already tipped into a recession. Once this process begins, it can snowball very fast into mass business layoffs unless the Federal Reserve moves fast.
An outcome of this severity would spread to Britain almost instantly through the world’s dollarised credit system a ...
