United StatesEconomyThe first quarter of this year was strong, with a GDP growth rate of 52%, the highest level in nearly a decade. This was mainly due to the massive fiscal stimulus and the Fed's easingMonetary policy, which stimulates consumption andInvestmentsof the pick-up. However, this prosperity is built on fragile foundations.
First of all,United StatesThe fiscal stimulus has led to:DebtThe level has risen sharply, and it has already exceeded 100% of GDP. The U.S. pays about $500 billion a year in interest payments, equivalent to 2.2 percent of GDP5%。This puts the fiscal sustainability of the United States under enormous pressure.
Second, the Fed's easingMonetary policyThere are also risks that are buried. The Federal Reserve buys $120 billion a month in Treasury bonds andMortgagesSupport** to keep interest rates and markets lowLiquidity。And itsBalance sheetIt has ballooned to $8 trillion, equivalent to 40% of GDP. This makes the Fed a huge bubble-making machine.
These policies have stimulated in the short termEconomygrowth, but in the long run, there are huge hidden dangers. Hence the United StatesEconomyIt has become extremely fragile and exposed to significant potential risks.
1.The pandemic has hit hardEconomy: The United States is the country with the most serious epidemic in the world, and the epidemic is rightEconomyA serious blow was done. ** Containment measures have been accused of being ineffective and chaotic, with low vaccination rates, resulting in production and consumption not returning to normal.
2.Global chain crisis: Transportation, logistics, chips and other industries around the world are facing tensions, which have seriously impacted the manufacturing, construction and automotive industries in the United States, resulting in shortages of raw materials and products, and pushing up **.
3.Inflation threats:United Statesand the Fed's overstimulus, as well as the globalCommoditiesThis has brought inflation in the United States to its highest point in nearly 30 years. This has led to the Consumer Index, and to:EconomyStability and sustainability pose a threat.
4.Political interference:United StatesIt has been mired in bipartisan strife and decision-making deadlock, unable to deal with it effectivelyEconomyCrisis. Congress was unable to pass a new budget andDebtceiling, exacerbatedEconomyUncertain.
U.S. ** Yellen vs. U.SEconomysaid it had "a long way to go" and refused to admit that the U.S. had entered a recession. She thinks of the second quarterEconomyThe contraction is caused by one-time factors, such as bad weather, repeated epidemics, and strained ** chains, not the United StatesEconomyFundamentalsdeterioration. Yellen said in the third and fourth quarters,United StatesThe fiscal stimulus will play a greater role in promotingEconomyStrong growth.
However,United Statesfiscal stimulus and the Federal Reserve's easingMonetary policyIn the long term may giveEconomyBigger problems. Fiscal deficitshas reached an all-time high of more than $3 trillion;The Fed's low interest rates and quantitative easing have led to a rise in asset bubbles and inflation. United StatesEconomyCaught in a vicious circle, unable to save yourself.
Chinese netizens against the United StatesEconomyThe outlook is very pessimistic and disgusting, criticizing it for only printing money, eating, drinking, and oppressing other countries, and has no strength and morality;Think it's lostEconomycompetitiveness, which will only sustain short-term prosperity through financial means.
At the same time, Chinese netizens also said that the United StatesEconomyslowdown and challenges for ChinaEconomyThere is also a certain impact. China is an important partner of the United States, if the United StatesEconomydecline, exports to China andInvestmentsIt can also be stressful. However, Chinese netizens generally believe that ChinaEconomyIt is already resilient and resilient enough to cope with challenges and maintain steady growth.