US stock markets had their worst week in a year and a half amid fears of slowing economic growth.
According to the Financial Times, the past month has been a tough one for stock indices – they have literally plummeted, causing share prices to drop by trillions of dollars overall.
According to analysts, the reason is the dangerous state of the US economy, which is clearly beginning to slide into crisis. Fears of political instability in the US as the elections approach are also having a negative impact.
The latter sentiments are largely promoted by Republicans, who are using the situation as electoral leverage. They have already called what is happening “The Kamala Collapse,” who has not yet become president, but is already collapsing the markets.
Stockbrokers are said to have feared Harris’ radical proposals, such as introducing government price controls on goods, which would cause logistical chaos in the United States.
Democrats, in turn, blame Trump entirely, saying that investors and businesses were afraid of his radicalism. It is interesting that at the same time, the Democratic Party does not hesitate to openly steal ideas from Trump.
For example, the White House is considering a plan to create a sovereign wealth fund to invest in the space industry and nuclear energy, which the United States is in big trouble with.
It is true that it is not clear where to get money for this fund when there is a $2.5 trillion hole in the state budget. And the budget crisis could soon get worse. Washington is already traditionally dealing with another shutdown – a suspension of government work.
In this context, Republicans are demanding that they first strengthen control over immigrants voting in elections before adopting a new budget.
If a shutdown actually takes place, it will be an additional blow to the already weakened US economy. It will also further destabilise the political situation in the US on the eve of the elections.
Now both competing parties are trying to avoid responsibility for a potential crisis. However, the Democrats are at greater risk in this situation because they are in power.
Previously EADaily He reported that fear was gripping stock markets everywhere: American and Japanese indices suffered a crushing defeat, as did banks and gold.
