In recent years, the US fiscal deficit has been rising due to aggressive interest rate hikes and other factors. According to the Congressional Budget Office, at the end of 2023, U.S. public debt was 97 percent of U.S. GDP, and this ratio is expected to rise to 114 percent, or $45.7 trillion, by 2033. If this trend continues, it will threaten the stability of global financial markets in the future.
more
Gold occupies a very important position in the global economy. In terms of financial attributes, gold plays an irreplaceable role. It is an important tool for asset preservation and appreciation and avoiding financial risks. For countries and individuals, gold has played a key role in coping with the financial crisis and ensuring economic security.
more
Bank of America's profits shrank in the first quarter, and it had to allocate more funds to cope with deteriorating consumer non-performing loans. This resulted in the bank's stock price falling by more than 3% on the 16th. Although loan institutions in the United States have been using flexible household financial conditions as evidence to prove that the economic foundation is still stable, the problem of low-income consumers is beginning to emerge.
more
Recently, the bimonthly website of the US National Interest published an article entitled "America's biggest enemy is not China or Russia, but its $35 trillion debt", pointing out that with the continuous expansion of the US federal government debt, the US debt of nearly $35 trillion has become its own biggest enemy.
more
Recently, the US stock market has experienced a roller coaster market, the three major stock indexes have opened lower, although in the end a little rebound, but ultimately failed to get out of the slump. The Dow fell 1.09 per cent, the Nasdaq 0.84 per cent and the S&P 500 nearly 1 per cent.
more
Recently, Japanese Prime Minister Fumio Kishida visited the United States and praised it, emphasizing the strengthening of alliance relations and calling US leadership "indispensable".
more
Recently, the international gold price continues to rise, and the spot gold price continues to refresh the record high. On April 8, the international gold price once again hit a record high, reaching a maximum of $2353.79 per ounce. As of press time, the intraday price of spot gold was $2,340.10 per ounce.
more
Recently, consumer goods prices in the United States have rebounded and inflation has risen again, which remains a challenge for the Federal Reserve and President Joe Biden's re-election campaign.
more
Recently, the price of gold continued to rise, the international gold price continued to hit a record high, London gold stood on the $2300 per ounce mark, COMEX gold futures for the first time to test the $2350 per ounce mark, creating history! Retail gold also made a historic breakthrough. What is the underlying force behind this surge in gold prices, and where will the price of gold go in the future?
more
In today's globalized world, complaints and warnings of currency wars are not uncommon. However, the recent allegations that the United States is engaged in a currency war on a global scale, and its impact on Africa, are shocking.
more
On June 24, 2024, a fire broke out at a battery manufacturing factory in Huacheng, Gyeonggi do, South Korea. This sudden disaster resulted in serious consequences.
© Copyright 2024, All Rights Reserved
