Stephen, we need to race against time and launch t
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Posted On: 02/25/2020 6:43:03 PM
Stephen, we need to race against time and launch the rocket soon. I have been warning about the economic damaging effect of the coronavirus on the economy long before the sharp crash in the broader market.
Economic performance at a glance - US and China, the 2 biggest life form in the global financial ecosystem.
Economic expansion in US has ended in July, 2018 with the economic growth lingering along at the peak, any outbreak of coronavirus in US will dampen economic growth. China's economic growth has been diminishing for 2 years and now is further aggravated by the outbreak of the coronavirus as domestic and international companies close their operation across China. Any government playing the capitalism game has been in the red with perpetual budget deficits. Gold price is rising as inflation in US and China rises. In such fragile situations, raising interest rate to curb rising inflation by Federal Reserve will put a brake on economic growth and will trigger a recession. This recession will not be like any previous recessions, at least it will be in similar situation as the 2008 mini-economic depression and how long the recession will last is anyone's guess.
US Annual GDP, updated quarterly
https://tradingeconomics.com/united-states/gdp-growth-annual
US Annual Inflation, updated monthly
https://tradingeconomics.com/united-states/inflation-cpi
US Monthly trade balance
https://tradingeconomics.com/united-states/balance-of-trade
US Annual governement budget
https://tradingeconomics.com/united-states/government-budget
US Debts as % of GDP
https://tradingeconomics.com/united-states/go...ebt-to-gdp
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
China Annual GDP, updated quarterly
https://tradingeconomics.com/china/gdp-growth-annual
China Annual Inflation, updated monthly
https://tradingeconomics.com/china/inflation-cpi
China Monthly trade balance
https://tradingeconomics.com/china/balance-of-trade
China Annual governement budget
https://tradingeconomics.com/china/government-budget
China Debts as % of GDP
https://tradingeconomics.com/china/government-debt-to-gdp
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Gold Price
https://mrci.com/pdf/gc.pdf
Economic performance at a glance - US and China, the 2 biggest life form in the global financial ecosystem.
Economic expansion in US has ended in July, 2018 with the economic growth lingering along at the peak, any outbreak of coronavirus in US will dampen economic growth. China's economic growth has been diminishing for 2 years and now is further aggravated by the outbreak of the coronavirus as domestic and international companies close their operation across China. Any government playing the capitalism game has been in the red with perpetual budget deficits. Gold price is rising as inflation in US and China rises. In such fragile situations, raising interest rate to curb rising inflation by Federal Reserve will put a brake on economic growth and will trigger a recession. This recession will not be like any previous recessions, at least it will be in similar situation as the 2008 mini-economic depression and how long the recession will last is anyone's guess.
US Annual GDP, updated quarterly
https://tradingeconomics.com/united-states/gdp-growth-annual
US Annual Inflation, updated monthly
https://tradingeconomics.com/united-states/inflation-cpi
US Monthly trade balance
https://tradingeconomics.com/united-states/balance-of-trade
US Annual governement budget
https://tradingeconomics.com/united-states/government-budget
US Debts as % of GDP
https://tradingeconomics.com/united-states/go...ebt-to-gdp
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
China Annual GDP, updated quarterly
https://tradingeconomics.com/china/gdp-growth-annual
China Annual Inflation, updated monthly
https://tradingeconomics.com/china/inflation-cpi
China Monthly trade balance
https://tradingeconomics.com/china/balance-of-trade
China Annual governement budget
https://tradingeconomics.com/china/government-budget
China Debts as % of GDP
https://tradingeconomics.com/china/government-debt-to-gdp
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Gold Price
https://mrci.com/pdf/gc.pdf
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