Foreign media The American people have felt the recession ! Why is Biden still denying it?

The U.S. economy has performed poorly in the second quarter and the first half of the year, so much so that the American people say that they "have felt the recession", but Biden has always denied this statement. So there will be such a state,First of all, because for Biden, if he admits the recession at this time, it is tantamount to telling everyone that many policies have been wrong since he took office. Second, Biden insisted that the U.S. economy has only problems in some aspects, such as serious inflation, a large deficit in foreign exports, and a continuous increase in unemployment, which have affected economic development.

Unless there is widespread weakness like in the 30s of the last century, it means that there is something wrong with the economy. In addition, Biden insisted that the problems in the U.S. economy were caused by the epidemic and problems in the global market, and were not too directly related to the United States.

1. Acknowledging the recession is tantamount to saying that the first is unqualified

Since Biden's election, the momentum of U.S. economic development has not been strong, and although Biden has continued to introduce some policies, there has been no sign of improvement. And Biden's insistence on not acknowledging the recession in the United States is that he understands very well that if he admits that there are problems with the economy at this time, it is tantamount to telling the people that the policies introduced are very problematic.

2. Insist that there is no widespread weakness in the U.S. economy

Biden has always insisted that if there is a problem with the U.S. economy, it is also because of serious inflation and rising unemployment, and the increase in the U.S. export deficit in recent years has had an impact on the economy. There is no widespread weakness in the U.S. economy, unless one day there is a recession like the one in the '30s.

3. Attribute the responsibility for the economic recession to the epidemic and other aspects

Biden insisted that all the current problems in the U.S. economy have a lot to do with the global epidemic in the past three years, in addition to the energy problems caused by the Russia-Ukraine conflict, and the global sales of U.S. goods have also been affected. Over time, all of this will slowly disappear, and the so-called blame will be pushed outward.

Because Biden doesn't want others to deny him, if he admits that the economy is in recession, it will have a very big impact on his reputation.

Although many economists shy away from talking about a "recession" in the United States, they still believe that it was postponed, not eliminated. A Pew Research Center survey released this month found that only 13 percent of U.S. adults believe the U.S. economy is doing well or fair. Americans are increasingly concerned about the impact of inflation, the biggest interest rate rise since the 1980s, and the worst** run since 2008.

Because they don't want to admit that something so big has happened to them, they decide to dump the blame on others, which is a means of deceiving themselves and deceiving others.

The U.S. recession will also slow down the pace of technological development, making it more difficult for companies to produce high-quality products. The consumer market is also becoming more and more sluggish, and consumers are reluctant to spend and adopt a cautious attitude. The market has lost its former prosperity, affecting the development of the world, and there will be partial unemployment.

Inflation is not just happening in the United States, but also in other countries. Therefore, maintaining a relatively stable state of the US economy is very beneficial to the world and conducive to the steady development of the entire economy.

The economic recession in the United States will lead to a recession in the whole world, which will affect the economic development of every country, will cause many people to lose their jobs, will affect the social stability of various countries, and prices in each country will rise.

A recession in the U.S. economy will bring great turmoil to the world, which will lead to weak consumer consumption, and most of the business economy is now exchanged with the U.S. dollar as the mainstream currency, and if the U.S. economy is in recession, it may bring greater inflationary pressure.

Not only will it have an impact on the world, but it will also lead to a decline in the status of the United States in the future, which will lead to a recession in the economy of the United States, and it will also lead to inflation in the United States, which will lead to a financial crisis.

1. The most serious infectious disease in more than 100 years;

2. The worst economic crisis since the Great Depression;

3. The strongest call for racial justice since the 60s;

4. The undeniable reality and growing threat of climate change.

The United States is by far the worst country in the world in terms of anti-epidemic performance, with 5 million infections and more than 170,000 deaths; More than 50 million people have filed for unemployment this year, nearly one in six small businesses have closed, and more than 10 million people will lose health care.

Finally, there is the epidemic. The epidemic has claimed hundreds of thousands of lives, and due to the lack of attention of the **. The United States, which has the strongest medical force in the world, has more than 6 million people infected.

Although many of them have been **, there are still more than 3 million people infected. So in addition to the loss of American lives, the epidemic has also exacerbated many people's distrust of **. caused a serious social crisis.

The bystanders are clear, and the authorities are confused. Although Trump brags every day that he has done a lot for the United States since he was elected. For example, he solved the immigration problem, pushed for the withdrawal of U.S. troops from Afghanistan and Syria, increased U.S. employment, and effectively controlled the epidemic.

But as an opposition party, the Democrats see better than anyone that Trump is simply doing nothing, and Trump is a small businessman thought leader who is leading the United States to the abyss. As the Democratic candidate, Biden hit the nail on the head in pointing out four crises facing the United States: the pandemic, the recession, racism and the threat of climate change.

Biden is also one of the candidates to run for the United States this year. But Mr. Trump had a speech with a high nominating voice. It is believed that Biden also found out that the United States is gradually under the leadership of Trump"Left-leaning"Therefore he felt that the United States was facing a crisis.

This is indeed a problem for the United States. The pandemic, the economic crisis, racism, climate change, these problems did not happen overnight, and cannot be blamed entirely on the incumbent.

The four crises Biden is referring to are the pandemic, the recession, racism and climate change.

What time did you say this, there are currently 57,000 people dying from the new crown in the United States!

It would be good when there was no ambition to invade other countries.

The more crises in the United States are more serious and serious, and this can greatly reduce the extent to which the United States is harming countries around the world. Once it is no longer in crisis, the stronger it is, the more harmful it will be.

In terms of the economic policy adopted by Biden and the Federal Reserve, it is certainly incorrect, because the facts have proved that he has been in this state of recession for half a year. If the policy he adopts is fine, this will not be the case. <>

In the current era of globalization, the situation of one superpower and many powers can no longer become the capital for their foreign expansion. Anyone who violates the fundamental interests of other countries will usher in fierce resistance from the other party, to put it bluntly, in the current world pattern, it is not the time for him to pinch whoever he wants to pinch his head, there used to be soft persimmons, he pinched others have opinions, he can't help it, he can't beat him now, even if he is a little stronger than others, others are not dough pinched,In the end, he injured 1,000 enemies and damaged 800 himself, which didn't do them any good, but he didn't do it. <>

The Federal Reserve's continuous interest rate hikes have led to higher and higher interest rates on loans, making it more and more difficult for businesses to operate. Because some enterprises have already counted Kaiye's original profits are not high, a large part of the cash flow is dependent on loans, and the interest rate is high and they can't pay the interest, the loan is cut off, the cash flow is cut off, and the business operation is becoming more and more difficult, and the company has to lay off employees and cut salaries, and even say that the company has gone bankrupt. Instead of increasing the income of employees with the intensification of their peers, they are unemployed and have no income, which creates a vicious circle in the economy?

If this policy gap continues, the economy of the United States in the second half of the year will not necessarily recover, although Bai Deng refuses to admit the fact of economic recession, he said that the consumption index of ordinary people has risen, this is not a sign of recession, that is because inflation is getting worse and faster, and the money is now sold for 1 yuan 2, of course you will have more income from consumption. If you don't spend so much money and you can't buy these things, it doesn't prove that the lives of ordinary people have improved.

First, in terms of situation analysis, the world economic pattern has changed from insufficient aggregate demand for many years to insufficient aggregate demand, but the Fed's economic analysis model has not been reformed accordingly, and the old framework is still used. As a result, it is difficult for central banks to provide the right information and influence to economic agents, and not only are they unable to lead, but they are lagging behind the market. Second, on the front, the Fed made a mistake.

Third, in terms of policy response, the Fed should take more forceful remedial action after sticking to the erroneous "temporary rolling" inflation judgment for a long time. Fourth, in terms of external communication, the central banks of developed countries seem to be the easiest to immerse themselves in "fairytale economics". Improving communication is the most systemically important.

The mistake is that we have not made better adjustments to the economic situation of the United States, we have not carried out better development, we have not found the advantages of the country's surplus countries, and we have not found the problems of the country.

The fault is that they have not chosen to keep up with the times, and they have been going against the wishes of other countries.

The new crown epidemic has not only brought a huge impact on the U.S. economy, but also a number of epidemic prevention and rescue measures have also caused the U.S. to pile up debt.

Biden brought "surprise" and "hee" to the Americans.

After Biden takes office, it will not be difficult to reverse the decline of the US economy. The specific reasons are:

1. The U.S. real economy accounts for less than half of the U.S. economy, and the U.S. real economy has recovered 90%. As long as Biden makes a slight adjustment to the domestic economic policy of the United States, he can dismantle the wheel and restore the vitality of the real economy of the United States, and even grow.

2. The virtual economy in the United States accounts for more than eighty percent of the U.S. economy. In other words, reversing the decline of the U.S. economy is essentially to reverse the decline of the U.S. virtual economy.

If the United States wants to reverse the decline of the American virtual economy, to put it bluntly, it is to rebuild the world's confidence in the American market and the dollar.

If the United States wants to rebuild the world's confidence in the American market and the dollar, Biden must do the following three things: stabilize the global geopolitical pattern and restore peace to the world. This is not difficult for Biden to do!

Strengthen the dollar's right to denominate global commodities and restore global market confidence in the dollar as the world's currency. This point, as long as Biden can stabilize the global geopolitical landscape, it is not difficult to do! Let the United States re-comply with WTO regulations, actively promote the process of world liberalization, abandon protectionist policies, and abolish Trump's unreasonable restrictions on the world.

This is not difficult for Biden to do!

To sum up, after Biden took office, he did have a way to reverse the decline of the US economy. For Biden, whether he can reverse the decline of the US economy is not a question of ability, but his personal sincerity!

If the group interests of the Biden administration team are consistent with the goal of revitalizing the US economy. Then after Biden takes office, the economic decline of the United States will soon be reversed!

If the group interests of the Biden administration team are not very consistent with the goal of revitalizing the US economy. Then after Biden takes office, the economic decline of the United States will be difficult to reverse!

AmericanInflationIt will last for at least one year, and may even last for more than three years.

The main reason for this is that the problem of inflation does not occur suddenly in a short period of time, so it is difficult to solve the problem of inflation directly in a short period of time. This is a very real problem, because inflation not only means that various commodities are successively affected, but also means that the production links of many industries have been affected accordingly. If the production problems in each link cannot be resolved, the problem of inflation will always exist.

At the same time, because many countries and regions, including the United States.

The cost of energy imports is further increasing, and the local labor force is also further rising, so these issues will further push up inflation. <>

U.S. stocksIt does not necessarily reflect the overall state of the U.S. economy.

When the Federal Reserve. When it was said that a 100 basis point interest rate hike might be raised, U.S. stocks walked out of **** on the same day, and some ** even fell by 20%. After this incident, the United States said that the U.S. stock market does not truly reflect the real economic situation in the United States, because the Federal Reserve needs to curb inflation by raising interest rates, so the economic impact in a short period of time is not to be feared.

Inflation in the U.S. will persist for at least a year or more.

For the United States, even if the United States is dealing with inflation in various ways, the inflation in the United States in August can still be reached. To a certain extent, because many ordinary people in the United States have adapted to the habits of high consumption, in the case that the consumption demand of American consumers cannot be curbed, the way to curb inflation in the United States is nothing more than curbing energy. <>

At the same time, the United States has not effectively curbed the **** trend of various necessities, and if this problem cannot be solved, inflation in the United States is likely to last for 1 3 years.