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15.03.26 - 06:06
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Middle East crisis: How will Americans pay for the Iran war as oil prices soar (Times of India)
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Global oil markets are on edge as the Strait of Hormuz, a vital shipping lane, faces closure due to ongoing conflict. Analysts warn of soaring fuel prices, potentially reaching $150 a barrel, impacting transportation costs and leading to higher prices for consumers. This instability could also pressure the US economy, increasing inflation and recession risks....
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15.03.26 - 04:54
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War, Oil And Debt: Which Threats To The US Economy Are Legit? (ZeroHedge)
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War, Oil And Debt: Which Threats To The US Economy Are Legit?
Authored by Brandon Smith via Alt-Market.us
It's the magic number, the line that's not supposed to be crossed; when a nation's public debt finally exceeds its GDP. Historically speaking, it's not a sign of doom like many economists suggest. Numerous countries have sustained for decades with a ratio of well over 100% and many other factors have to be considered before it's officially time to panic. Of course, there are some cautionary tales.
Greece and Argentina are two examples. A number of developing countries shave been hit with precipitous decline after they hit the 100% mark. In the case of the US, having access to the world reserve currency changes the dynamic dramatically. Debt does not act like debt in an environment where global trade and investment is mostly is priced in dollars and you control the ability to print those dollars at will.
That said, the recent historic milestone has many people suddenly worried about th...
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