Many questions have arisen as to the effect of this very high level of public debt on the economies,so we will look at the situation in japan, where public debt has been very high for more than 20years.
The US dollar has tumbled the most in a decade this month, propelling sterling and the euro higher amid questions over the recovery of the world’s biggest economy and growing political uncertainty.
Ratings agency Fitch on Friday cut its outlook on the United States from “negative” to “stable,” citing deterioration in the country’s public finances and the absence of a credible fiscal consolidation plan.
2010s were decade of liquidity, globalization, profits; 2020s will be decade of deficits, localization, redistribution; War on Inequality means monetary policy to be replaced by unconventional fiscal policies of 2020s: MMT, UBI, debt forgiveness.
GOLD NEW CLOSING MONTH HIGH $1,970
— The_Real_Fly (@The_Real_Fly) July 31, 2020