Yep, there's been no knockout punch, the election remains six of one half a dozen of another which is not surprising considering the quality of the candidates. Trump though should be winning by a landslide which says a lot about the dissatisfaction of voters. It's only Biden who would have been a softer opponent.
If the U SA spent less on idiotic projects and get rid of he kickback systems perevalent in the USA billions of the fruitless expenditure would be eliminated. The import of agricultural products coud be eliminated if sane aricultral policues are iplemented - the increased inpot coss largely have an effect on agricural output decrease in food prices and lowering of inflation rates.
The Bioden administration issued hrousands regulaion and the buraucracy has increased by hundreds of thousands -unproductive expendiure caused billions of fruitless expenditure. Instead of cnstruction of nucler power plants - the USA spend hundres of ower plants with most of equipmnt imported from China.
If sane and less bureaucratic systems are implmented that could save the country at least 15# of fruitless and non-produtcive /expediture being elinated I always favoured privitization ran on business principles are always more efficient at economic service providers at cheaper costs to the comunity and the counry as a whole,. In this regard I speak of personal experience in projects of that nature was privatized and the costs to the coummunity were maintained at a lower cost with a higher efficiently level services were provided. .
Although I was a public servant for most of my life I was for years realize what idiocy can be expected from bureaucrats more interstd in enhancement of their own inteterests and not the interets than the communities they are supposed to serve.
In a conference at Bremen - Germany - whhere I gave a lecture Isaid the public servants all over the same tendency irrespective of them being in Washington, London, Moscow, Berlin or Pretoria they have the same intenests and cumbersome methods that makes real service delivery a dream rarely achieved.. In some countries their excesses are worse than in others,
I rceivd applause from theaudience when I said th above.
The U.S. remains tops by a wide margin in the wake of COVID-19, while other countries are grappling with recessions.
(*Source: International Monetary Fund World Economic Outlook database: October 2023; 2022 data represents actual figures; Aside from data for India, 2023 figures reflect estimates. All data is subject to revision.)
Indeed, the strength of the U.S. economy following the advent of the COVID-19 pandemic has been a marvel to many economists and world economic experts.
They credit a robust labor market and the dynamic nature of the U.S. in creating new businesses and technologies, as well as massive fiscal and monetary stimulus during the pandemic for an impressive outcome in 2023. The U.S. economy grew by 2.5% last year.
America’s gross domestic product in 2022 was more than 40% greater than that of China, the world No. 2. Even more striking, U.S. GDP was over five times that of the next two largest economies, Japan and Germany.
Recent news that Japan and the United Kingdom slipped into recession by a common though unofficial measure of downturns only highlights the gap between the U.S. and its peer economies, while China also is facing economic challenges of its own.
| Year | Inflation Rate YOY, From Previous Dec. | Federal Funds Rate | Business Cycle* | Events Affecting Inflation |
| 2012 | 1.70% | 0.25% | Expansion (2.3%) | |
| 2013 | 1.50% | 0.25% | Expansion (2.1%) | Government shutdown, sequestration |
| 2014 | 0.80% | 0.25% | Expansion (2.5%) | Quantitative easing ends |
| 2015 | 0.70% | 0.50% | Expansion (2.9%) | Deflation in oil and gas prices |
| 2016 | 2.10% | 0.75% | Expansion (1.8%) | |
| 2017 | 2.10% | 1.50% | Expansion (2.5%) | |
| 2018 | 1.90% | 2.50% | Expansion (3.0%) | |
| 2019 | 2.30% | 1.75% | Expansion (2.5%) | |
| 2020 | 1.40% | 0.25% | Contraction (-2.2%) | COVID-19 pandemic |
| 2021 | 7.00% | 0.25% | Expansion (5.8%) | COVID-19 pandemic |
| 2022 | 6.50% | 4.50% | Expansion (1.9%) | Russia invades Ukraine |
| 2023 | 3.40% | 5.50% | Expansion (2.5%) | Fed raised rates |
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The markets seem to think so….rising interest rates running against the Fed trend. Supposedly Trump is less likely to increase taxes which means the government borrows more. When society uses more of something its price tends to go up. Hence interest rates.
There are a raft of signs out there from so called experts who some time in their careers have picked an election against the trend. So this is just one more, but billions of dollars are backing this view. I always take people more seriously if they put their own money at risk.
Still this remains a very hard election to pick…,men in favor of Trump…Woman and the establishment all in for Harris. Trump a bombastic foot shooter, Harris an empty suit.