Global economic times are tough — especially for the corrupt and inept
The latest data shows that the US economy continues to shift in a worrying way, as Alan Austin has reported.
Governments scare updates from legal authorities, a worsening economy. This takes place in the USA routinely under the presidency Donald TrumpThe strange mixture of fascist and socialist intervention.
Although Trump has, almost all US economic news negative finished senior statistician Erika Mcentarfer After releasing the Bureau of Statistics at the beginning of last month (BLS) Data showing the US economy to add 93,000 weak work in June and lost 260,000 in July.
Trump accused Mcentarfer of “imitation ve for“ political purposes, and BLS established a right -wing Trump supporter for his best business.
This has now aroused suspicion of not only BLS, but all the US economic data. This may be good reduced Marginal investment in the US economy – we do not know for sure without reliable data – and interest Fees are higher than normal. This will probably make most Americans a little poorer.
Living costs are hidden
Inflation increased This year, 2.31% in April and 2.35% in May, 2.67% in June, then 2.7% in July and 2.92% in August. The real number is not known, of course, but probably higher.
GDP Growth Struggle
Annual GDP growth rejected Since the election of 2024. Last year, the election quarter fell from 2.7% to 2.5%. In the first quarter of this year, it fell to 1.99%, and the latter rose to 2.06% marginalized. All of these are historically weak figures.
Employment goes backwards
501.000 this year work It disappeared between January and August and removed the unemployment rate from 4.01% to 4.32%.
The main point of Trump’s strange tariff Crusade is to increase local production. He fails in a magnificent way producing In the 2024 elections, it fell from 12,770,000 to 12,722,000 in August. This is 48,000 less work.
Federal government debt
1.303 trillion dollars since the opening of Trump ($ 1.97 trillion) to add to your debt. This is an extra $ 3,750 ($ 5,687) that every man owes by each man, woman, children and baby.
The total debt that the US owes is currently 37,510 trillion US dollars ($ 56.8 trillion) equivalent to $ 108,000 by each resident at the moment.
Reverse exports
Exports within three months until April this year average 285.4 billion dollars (432.8 billion dollars). Then he reacted to Trump’s tariffs. In the next three months – May, June and July – average exports rose to USD $ 280.2 billion ($ 424.6 billion).
Stock market fluctuations
The stock market values reflect the expectations of future earnings after two to ten years. Most market analysts expect Trump to be affected, imprisoned or dead until then.
Trump was not open to the public between Tuesday (Tuesday, August 26 and Saturday, August 30th. speculation He’s helpless or died. On Wednesday, August 27, Dow Jones industrial average He jumped to 45,565, then rose to 45,637 on Thursday, August 28th.
On Tuesday, September 2, after Trump reappeared in the appearance, the Dow Jones index fell to 45.292.
Global conditions favorable for those prepared
We can confirm that America’s economic problems are not caused by external factors by observing comparable economies under the same conditions.
Good examples are Denmark, Ireland, Switzerland and Australia.
Australian Statistics Office is a document Emphasizing the seven characteristics of the Australian economy. Annual accounts.
They are as follows:
1. Economic growth rebounds
Australian economy grown In June quarter, 0.6% increased from 0.26% in March quarter, said the office disrupted the weather conditions. The annual increase from June 2024 to June 2025 was 1.82% from 1.34% in the previous quarter.
Although these are weak by local historical comparisons, both the three -month and annual GDP growth numbers are far above the OECD averages. Eight of the 37 advanced OECD members we have in June is in negative growth.
2.
Annual inflation In June quarter, the lowest since March 2021 reached 2.09%.
The CPI increased by 0.71%every three months, the most important price increases in housing, food and non -alcoholic beverages.
3. Positive wage growth
Annual wage growth In June, it remained fixed by 3.4%. This was lower than 4.1% growth a year ago, but the coalition was higher than the quarter from September 2013 to June 2022.
4. Labor demand is increasing
Ratio empty jobs It rose to 2.1% and filled up increased by 0.2% to 16.0 million and reflected strong demand for workers throughout the economy.
Australia unemployed The ratio is less than 4.4% for a 45 -month record, and the female unemployed rate is below 4.15% for that period.
5. Houses hitting the roads
Australians bought more hybrids and electric vehicles In June quarter and more utes, as in June.
Although Australia gradually increases the sales of homes, it is still delaying most of the developed world.
6. New home loans reach a record level
Average value New Home Loans Last year, it also broke a record of $ 678.011 with an increase of 7.5%.
Australia, one of the 38 OECD members, is one of the only six people with strong growth. housing permits and construction. Others France, Hungary, Iceland, Slovakia and Spain.
7. Luxury expenditure
Home expenditures The Australians increased by 0.9% in June quarter because they jumped to the hotel, restaurant and recreation during the long weekends on Easter and Anzac.
This confirms that the cost of life of the coalition is good and really finished.
Those chosen to manage the economy are clearly important. How they continue makes a big difference in the lives of people.
While the Australians eat outside, the Americans learn this in a hard way.
https://www.youtube.com/watch?v=n2mjxt-zoyy
Alan Austin is an independent Australian columnist and free journalist. You can follow him on Twitter @Alanaustin001.
Support independent journalism subscribe to IA.
Related articles
