Once again the US Federal Reserve is in a quandary. Does it cut its policy interest rate soon in order to relieve pressure on debt servicing costs for consumers and businesses and perhaps avoid a stagflationary economy (ie low or no growth alongside higher inflation); or does it hold its current interest rate for borrowing in order to make sure inflation falls towards its target of 2% a year?
Inflation and interest rates: the US experience
Tag: service sector
US economy expanding?
The first estimate of third quarter real GDP growth in the US was released yesterday. It showed the US economy expanded by an annualised rate of 4.9%. The Financial Times called this a “blistering pace that, not for the first time, defied gloomier predictions from economists.” US Treasury Secretary Janet Yellen commented that “It’s a good, strong number and it shows an economy that’s doing very well,” and she is “not expecting growth at that pace to continue, but we do have good, solid growth.”
US economy expanding?
The Military Recruiting Crisis: Even Veterans Don’t Want Their Families to Join
Pentagon scrambles to retain the main pipeline for new service members as disillusioned families steer young people away
The Military Recruiting Crisis: Even Veterans Don’t Want Their Families to Join
US & Europe Are Victims Of Their Own Sanctions On Russia & China
Why does the United States have a military base in Ghana?
In April 2018, the president of Ghana, Nana Addo Dankwa Akufo-Addo, said that Ghana has “not offered a military base, and will not offer a military base to the United States of America.” His comments came after Ghana’s parliament had ratified a new defense cooperation agreement with the United States on March 28, 2018, which was finally signed in May 2018. During a televised discussion, soon after the agreement was formalized in March 2018, Ghana’s Minister of Defense Dominic Nitiwul told Kwesi Pratt Jr., a journalist and leader of the Socialist Movement of Ghana, that Ghana had not entered into a military agreement with the United States. Pratt, however, said that the military agreement was a “source of worry” and was “a surrender of our [Ghanaian] sovereignty.”
Why does the United States have a military base in Ghana?
Ms. Cat’s Chronicles 