for House speaker smacks of amateur hour. But it’s also a stark warning to Asian governments that America’s financial management is in fresh doubt.
The downgrade, and resulting turmoil, left Asia with the financial equivalent of post-traumatic stress disorder. The U.S. may have built the biggest economy in human history, but Asian governments hold the deed. None more so than Japan and China, which together are sitting onThere are other reasons for Asian central banks to reduce their exposure to the dollar. The U.S.
That’s because of the cumulative PTSD from the Covid-19 pandemic and all the financial baggage the global economy accumulated in the years before and since then.response, Donald Trump’s 2017-2021 presidency left the dollar with other credibility problems. One was a China trade war that hurt U.S. allies like Japan and South Korea more than Xi Jinping’s economy. Trump attacked Federal Reserve Chairman Jerome Powell and threatened to fire him to extract rate cuts.
Ah so THAT'S where he got the money. Thanks! I hope you enjoy 2 years of speaker votes, because a lot of Americans are looking forward to a stalled house
Do you think spending even more money is making this problem better At some point, the US is going to have to pay back the bills. Dropping another $1.7T is just kicking the can down the road.
And the Asians are the absolute worst when it comes to money.
It’s January 6. Republicans are celebrating by putting our country’s security at risk. It will probably be an annual event
Is that who paid for mccarthy to be in office and why they tried 11 times and failed every time? I’d be getting nervous too.
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