The US government has already run past the critical mass point of where interest payments on debt are greater than the amount of money it takes in via taxes, fines, etc… By about a couple of billion at this point. So, in other words: it will never be able to pay down debt. The debt has nowhere to go but ,up. Even if the government stops all spending right now ,and just pays interest on the debt. We are now permanently on the highway to hell, and the sheet show is gonna get real. All we can do is hunker down and wait for the collapse. It’s too hard to even try to argue against the blatantly absurd. At least three rounds of QE this year.
AUD/USD posts strong gains following Monday's sharp drop. US Dollar Index stays deep in the negative territory around 92.00. Wall Street's main indexes
Grand Rapids Business Journal
News of two effective vaccines, presidential election outcome buoyed fourth-quarter optimism.
The Citizens Business Conditions Index showed a second consecutive quarter of economic gains as optimism fueled by COVID-19 vaccine announcements and increased election certainty began to outweigh concerns about spiking pandemic cases.
Citizens which is based in Providence, Rhode Island, and has branches in Michigan and 10 other states published its fourth-quarter Business Conditions Index on Feb. 4. The national index rose modestly to 61.4 in the final quarter of 2020, up from 61.2 at the end of the third quarter, showing a continuing rebound after the impact of the COVID-19 pandemic put downward pressure on the index earlier in 2020.
Economic activity started to improve in the third quarter of 2020, although it still remained well below previous years, the Central Bank said on Tuesday.
In its quarterly review report, the Central Bank points to a partial easing of restrictive measures related to the COVID-19 pandemic as coinciding with a positive turn for the economy.
During the third quarter of 2020, the bank said, economic activity in Malta recovered somewhat as GDP expanded in quarter-on-quarter terms.
Seasonally-adjusted data shows that GDP rose by 7.4% during the third quarter, after contracting during the first two quarters of the year.
This reflects a rebound in private consumption which was up by over a fifth over its second quarter trough.
Business Conf Index
PETALING JAYA: The Business Conditions Index (BCI) posted a robust recovery of 25.3 points in the fourth quarter of 2020, settling in expansion territory at 115.4 points, compared with 86.3 points in the third quarter.
According to the Malaysian Institute of Economic Research’s (MIER) business conditions survey report, the improvement in business sentiment was attributed to the impressive increase in sales, significant increase in domestic orders and export orders, remarkable rise in industrial production volume, slight increase in capital investment and capacity utilisation as well as slight improvement in employment conditions.
“Pleasantly, the index for the current quarter is above the threshold level and has therefore proved to be a significant achievement in business sentiment. The continuous and remarkable improvement in BCI has shown that the government’s stimulus packages of Prihatin, Penjana, Kita Prihatin and the short-term economic recovery pla