Growth based mainly on Debt is not Growth September 7, 2023 Very bad days ahead for the world economy due to the excessive US debt, as the US keeps increasing its debts to continue to…
Greek Economy: An Economy that produces nothing and owes 404.7 billion euros August 24, 2023 Greece has an apparent economy, based on tourism at 18.8% of GDP and 28% together with all regional and seasonal professions and with an…
Spain: The Effectiveness of major Tax cuts and Benefits to fight Inflation July 6, 2023 While Europe is still groaning under high inflation, in Spain it has fallen well below the ECB’s “magic” target of 2%. In June, inflation…
USA: Agreement without substance, with the Public debt increasing June 8, 2023 The deal suspends the federal government’s borrowing limit to pay its obligations for the next two years. That is, until the beginning of 2025…
USΑ: What will happen if no agreement is reached on the debt? May 25, 2023 Negotiations continue in the United States between political parties to find a solution to the issue of the need to raise the debt limit…
The way of estimating the Nominal value of Public Sector Expenditures May 18, 2023 A few days ago, the IMF published a study on the impact of inflation on public finances (“The Effects of Inflation on Public Finances“,…
What would a US bankruptcy cause? May 18, 2023 The Biden administration has until June 1st, so that the US does not end up in default, which in turn will bring a series…
The American Economy is headed for Recession May 4, 2023 The announcement of the Institute for Supply Management’s April 2023 State of US Manufacturing report wasn’t exactly what we’d call “good news.” And the…
OPEC-“Trojan horse” against EU and US efforts to suppress their Ιnflation April 20, 2023 In light of the IMF’s negative forecast for global economic growth of around 3% over the next five years, with interest rates, bank failures…