Post
Topic
Board Economics
Re: US economy is booming, but people are not seeing it.
by
arallmuus
on 05/05/2021, 21:56:28 UTC
Seriously? The Americans have hoarded all the vaccines that are available (including some that they are never going to use) and now the excuse being given is that in other countries the people don't trust vaccines? Vaccination rates are low in other countries, because the vaccines are not available. As simple as that.

Its the jungle law of this world, the strong takes everything. In this context that means the country with the higher economy gets to take everything alot more then some other country.

It's because most of the trillions printed in the past few months went only to a select few uber rich guys while the rest of the population, after spending their money, felt left out. The economy is not going any better for the middle class and for those even lower than the middle class. It's only for those whose businesses are well-established that even in the midst of the pandemic, they would still post good gains while the rest of the population are left to look for scraps. Inflation is still looming and rising, yet the stocks are getting overvalued and highly inflated as the clock ticks.

Thats also one of the reason why we are in bull market right now. Due to all of these actions as well as the unemployment rate, the US treasury bond interest rate has been quite low for some time. Some hedge fund took 1-10% of all those money they managed and put it into crypto market which increase the overall crypto marketcap. If it wasnt for this then we wouldnt be in this bull season right now