We're a long way from the stagflation of those bad old days under President Jimmy Carter, with the economy growing at a brisk 6.4 percent annual rate as the world reopens and the pandemic recedes. Still, a recent spate of bad economic news in what should be a fairly robust recovery is a warning that President Joe Biden and congressional Democrats' approach to fiscal policy could reap negative unintended consequences.
Read more at:
W. James Antle III: Unfilled jobs, unemployment and price rises show Biden's spending plans carry major risks
Showing posts with label Dangers. Show all posts
Showing posts with label Dangers. Show all posts
Friday, May 14, 2021
Monday, August 21, 2017
ECB concerned stronger euro could derail economic recovery
European Central Bank (ECB) governors are concerned that a further hike
in the value of the euro, making exports less attractive and imports
cheaper, could derail the economic region’s recovery. In minutes
from their meeting on 19-20 July 2017, released on Thursday, they said
there is a "risk of the exchange rate overshooting in the future". Some
concerns were also voiced about "policy uncertainty in the United
States".
Read more: ECB concerned stronger euro could derail economic recovery
Read more: ECB concerned stronger euro could derail economic recovery
Saturday, July 30, 2016
US Presidential Elections: Five reasons Donald Trump could actually become president
There are just 100 days left until the US election 2016. After months of campaigning we now know that either Hillary Clinton or Donald Trump will succeed Barack Obama in the White House.
But could the unthinkable happen? Could a man who's promised to build a wall along the Mexican border, who has disparaged an entire religion and who uses childish insults against his political insults really win the election?
Could a man who tweets Thomas the Tank Engine memes really become president of the most powerful country on Earth?
Here are a few reasons why he might:
1. It's the economy, stupid
The phrase coined by Bill Clinton's 1992 election strategist is now equally important for his wife. As Politico reports, Hillary will be hoping for a strong economy in the months leading up to the election to convince floating voters that "Donald Trump’s version of a crippled America in rapid decline doesn’t really exist".
Sadly for her, a report this week showed that the economy had grown by a modest 1.2 per cent in the second quarter of the year - falling well short of the 2.6 per cent estimated on Wall Street.
It won't be so easy to make a case for continued Democrat control of the White House when the economy looks like this:
Read about all the reasons why: Five reasons Donald Trump could actually become president
But could the unthinkable happen? Could a man who's promised to build a wall along the Mexican border, who has disparaged an entire religion and who uses childish insults against his political insults really win the election?
Could a man who tweets Thomas the Tank Engine memes really become president of the most powerful country on Earth?
Here are a few reasons why he might:
1. It's the economy, stupid
The phrase coined by Bill Clinton's 1992 election strategist is now equally important for his wife. As Politico reports, Hillary will be hoping for a strong economy in the months leading up to the election to convince floating voters that "Donald Trump’s version of a crippled America in rapid decline doesn’t really exist".
Sadly for her, a report this week showed that the economy had grown by a modest 1.2 per cent in the second quarter of the year - falling well short of the 2.6 per cent estimated on Wall Street.
It won't be so easy to make a case for continued Democrat control of the White House when the economy looks like this:
Read about all the reasons why: Five reasons Donald Trump could actually become president
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