laitimes

America's nightmare is the country's GDP plummeting to 1.6 percent, banks failing, and subprime mortgages are making a comeback?

author:Dr. Zhang's health talks

Before reading this article, I sincerely invite you to click "Follow", which is not only convenient for you to discuss and share, but also brings you a different sense of participation, and it is more convenient to come back at any time to read more exciting content, thank you for your support.

Seeing that the 2024 U.S. presidential election is about to begin, the confident Trump has been fully prepared.

Although he is entangled in lawsuits, he believes that he is the ultimate winner of this presidential election. Recently, Trump has been refreshing his presence.

America's nightmare is the country's GDP plummeting to 1.6 percent, banks failing, and subprime mortgages are making a comeback?

It was previously reported that he had gained a wide lead, leaving several candidates behind.

After the success of the primaries, he also made a special victory speech, and said that only by making him president can he lead the United States to better development.

At the same time, he also accused Biden of not making any contribution to the economic development of the United States during his administration, but is leading the United States to the abyss.

America's nightmare is the country's GDP plummeting to 1.6 percent, banks failing, and subprime mortgages are making a comeback?

And now only by electing him can he really save the United States. At the same time, he constantly shouted slogans claiming to take the country back.

The problem facing Trump today is not just a question of running for office, especially since his campaign has been rejected by many parties.

Although he has always believed that Biden snatched his presidency, he has always fantasized that the Democratic Party framed him, so he lost the position of leader.

America's nightmare is the country's GDP plummeting to 1.6 percent, banks failing, and subprime mortgages are making a comeback?

In fact, after the results of the last presidential election came out, he was very dissatisfied with claiming that he had been framed. In the past 4 years, he has been accumulating strength, and from time to time he has run into the public's field of vision to brush up his presence.

Now that the presidential election is getting closer, the frequency of his activities off the screen is also increasing.

However, judging from the current situation, it is difficult to say whether he will be able to win the final victory, after all, there are many hurdles to pass after running for election, and the most important thing is that the competition between political parties in the United States is also very fierce.

America's nightmare is the country's GDP plummeting to 1.6 percent, banks failing, and subprime mortgages are making a comeback?

Compared with Trump, although Biden is in a better position now, Biden has not announced that he will run, and it is not until recently that Biden announced that he will run in the next election.

When Biden released the news, it immediately attracted the attention of the international community, and many analysts believe that it is difficult for him to be elected as the next president.

Especially after the GDP data of the United States came out not long ago, it caused widespread controversy.

America's nightmare is the country's GDP plummeting to 1.6 percent, banks failing, and subprime mortgages are making a comeback?

Originally, the U.S. government vowed that the economic growth trend in the first quarter was very good, and it also made an expectation for economic growth, and said that it could reach a growth rate of 3.4%.

However, after the Q1 GDP data came out, the US growth rate was only 1.6%.

Compared with the growth of GDP data, the problem of inflation is getting worse. Faced with this result, the Fed has a new plan.

America's nightmare is the country's GDP plummeting to 1.6 percent, banks failing, and subprime mortgages are making a comeback?

The Fed was originally planned to cut interest rates after the economic data for the first quarter, but it did not expect the economic growth rate to slow down, and the inflation problem is getting worse, so that the original interest rate cut plan has been delayed again.

In the face of the growing inflation problem, if the Fed chooses to cut interest rates, it will further exacerbate the risk of inflation.

America's nightmare is the country's GDP plummeting to 1.6 percent, banks failing, and subprime mortgages are making a comeback?

At present, many Americans are facing rising pressure on their lives, and the ultra-high inflation problem has led to a rapid rise in prices in the United States, and the cost of living and consumer spending are rising sharply.

It is precisely because of this that the Fed plans to carry out a new round of harvesting of the global economy. There is news that the Fed is planning to continue raising interest rates, and the rate hike may be adjusted to 6.5% or even 8%.

America's nightmare is the country's GDP plummeting to 1.6 percent, banks failing, and subprime mortgages are making a comeback?

If the United States continues to raise interest rates, it will be a major blow to the global economy, and under the influence of the United States' interest rate hike policy, the currency exchange rate of many countries has fallen a lot, and the currency has depreciated a lot.

On this basis, massive capital flight has once again increased the economic pressure on these countries.

In fact, the Fed's interest rate hike policy has not only affected the economies of other countries, but has also dealt a fatal blow to the US economy.

America's nightmare is the country's GDP plummeting to 1.6 percent, banks failing, and subprime mortgages are making a comeback?

Recently, there was news of a Bank of America bankruptcy, which is the first time that a Bank of America has declared bankruptcy in 2024. This is also the second time that the Bank of America has exploded since last year.

Relative to the relatively slow economic growth rate, Biden is ready to participate in the next election.

In the face of the explosion of the banking industry, he may be even more at a loss. In addition, some analysts believe that even if Biden runs, the chances of winning are not great.

America's nightmare is the country's GDP plummeting to 1.6 percent, banks failing, and subprime mortgages are making a comeback?

After all, he is 81 years old, and he has not made any political achievements during his time in the United States. And Biden has also provoked a number of wars, which has led to an increasingly chaotic international situation.

If Biden wants to run successfully, he must have enough popular support. But judging from Biden's current situation, the popular approval rating is constantly declining.

America's nightmare is the country's GDP plummeting to 1.6 percent, banks failing, and subprime mortgages are making a comeback?

Therefore, even if Biden is going to participate in the next election, the probability of winning the election is very low, so who will be the next president of the United States?

What do you think about the U.S. economic crisis? Welcome to discuss in the comment area!

America's nightmare is the country's GDP plummeting to 1.6 percent, banks failing, and subprime mortgages are making a comeback?

Read on