The US economic agenda rests on questions about its national debt and the collapse of banks. Therefore, it is better for States not to interfere with other countries with economic advice, but to deal with their finances. In this respect writer Morning.
Currently, the US economic agenda focuses on two important issues. The first is the question of whether the US Congress will raise the “federal debt ceiling.” The second is bank failures. Looking at the current situation, it is better for the American side to deal with its own problems than to advise other countries on public fiscal discipline, budget balance and public borrowing.
According to the authors of the article, the US Federal Reserve learned a number of valuable lessons. We are talking about the collapse of the SVB, the liberalization of the banking sector, the lack of awareness of the situation and other problems that have accumulated in the banking sector in recent years.
The publication drew attention to the fact that the USA should take the right steps on public debt and draw the necessary conclusions after the bankruptcy of the banks. In this case, it is constantly argued that once the federal government’s debt limit is reached, the federal government can no longer borrow money.
April 19 Ray Dalio, founder of hedge fund Bridgewater Associates declarationThe leading role of the US dollar in world trade is gradually weakening due to the increasing focus of developing countries on payments in national currencies and rising US public debt.