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Companies Benefiting From Global Trend Towards Government Insolvency

Companies Benefiting From Global Trend Towards Government Insolvency
This story features MOELIS AUSTRALIA LIMITED, and other companies. For more info SHARE ANALYSIS: MOE
In search of a solution to ever-expanding debt-to-GDP ratios, Dr Roy van Keulen offers some food for thought, alongside a few ideas of companies likely to benefit
-How will governments improve their debt-to-GDP?
-Taxing lower and middle incomes seems politically impossible for quite some time to come
-Most solutions might simply be to tax the wealthy, reduce spending on healthcare and sell off public assets like roads
By Dr Roy van Keulen
As the US looks close to surpassing an unprecedented debt-to-GDP ratio of 150% (or US$225,000 per US taxpayer), I wanted to explore what happens when governments reach the end of their credit line and are forced to start deleveraging.

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Turns out Americans actually like competent government

President Joe Biden is riding high on a public job approval rating his predecessor could only dream of as Americans are giving the 46
th Commander-in-Chief high marks based clearly on his handling of the COVID-19 crisis. In new polling from Ipsos, Biden enjoys a 58 percent approval rating among registered voters, including 56 percent of independents — a critical voting bloc that helped deliver him the presidency. At the highest point in his tenure, former President Donald Trump
Last month, Trump’s former chief pollster Tony Fabrizio released a 27-page, post-mortem campaign report that laid most of the blame for the incumbent president’s loss on his handling of the COVID-19 pandemic. From Politico’s coverage of the report, “The autopsy says that coronavirus registered as the top issue among voters, and that Biden won those voters by a nearly 3-to-1 margin. A majority registered disapproval of Trump’s handling of the virus.”

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Americans have decided to give professionals a chance

Donald Trump didn't even try to bring the country together: He thrived on division and made it worse.
Joe Biden has pledged to restore “the most elusive of things in a democracy – unity.” He warned in his inaugural address: “Without unity, there is no peace, only bitterness and fury.” Precisely what we saw on Jan. 6 when Trump supporters attempted a coup d’etat.
Congressional Republicans are not impressed by Biden’s call for unity.
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Conservative commentator Ben Shapiro Tweeted sarcastically, “I’m sure that Democrats are looking forward to healing and reconciliation with the millions of Americans they think are racist, sexist, homophobic bigots. Or alternatively, they’re lying and using ‘unity’ to mean ‘shut the hell up.’”

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Fed policies spark more concerns over market collapse

Fed policies spark more concerns over market collapse
As money continues to pour into Wall Street, sending the three major markets indexes—the Nasdaq, the Dow and the S&P 500—to new record highs at the end of last week, there are mounting warnings that the lights are flashing red, signalling that the speculative bubble may soon burst, with major consequences.
The warnings come from within sections of the financial elite, as well as from financial analysts and media commentators, who are fearful of the consequences of the endless pumping of money by the US Fed and other major central banks into the financial markets.

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Biden, like most new presidents, will get his shot at economics

That's the way it works: Give the new guy a shot; we can come back, if necessary, and fix it.

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Dow Jones, Nasdaq 100 May Rise on Stimulus Hopes, Vaccination Progress

Dow Jones, Nasdaq 100 May Rise on Stimulus Hopes, Vaccination Progress
2021-02-02 07:30:00
Daniel Moss,
Analyst
Dow Jones 30, Nasdaq 100, Biden Stimulus Package, Coronavirus Vaccinations – Talking Points:
US equity markets may continue gaining ground on the back of positive Covid-19 vaccination progress and the prospect of additional fiscal stimulus.
Dow Jones aiming higher as price hovers above key trend support.
Nasdaq 100 eyeing yearly high after bursting back above key resistance.
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Asia-Pacific Recap
Equity markets gained ground during Asia-Pacific trade as coronavirus vaccination progress and fiscal stimulus hopes buoyed market sentiment. Australia’s ASX 200 index surged 1.5% after the Reserve Bank of Australia moved to extend government bond purchases, while Japan’s Nikkei 225 rose 0.97%.

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Romney: Total figure for Biden coronavirus stimulus is 'pretty shocking'

Sen.

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Full list of President-elect Joe Biden's top-level appointees and Cabinet picks

Joe Biden has guaranteed his administration would "look like the country." As he enters the White House, he's taking steps towards keeping that promise--assembling a historically diverse slate of cabinet picks and other top-level nominees.

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Houston businesses react to President-elect Joe Biden's minimum wage pay increase proposal

HOUSTON, Texas (KTRK) -- As President-elect Joe Biden lays out his stimulus proposal, one key plan he has is to raise the federal minimum wage to $15 an hour. Currently, the minimum wage is at $7.25 an hour, which was set in 2009.
"No one working 40 hours a week should live below the poverty line," said Biden while addressing the nation Thursday regarding his stimulus proposal. He added, "That's what it means if you work for less than $15 an hour and work 40 hours a week, you're living in poverty."
ABC13 asked Houston-area business owners and workers their thoughts on the proposal.
"Hopefully they'll do a gradual increase over the next few years and bottom line, we're going to have to increase prices," said Danny Hart with the Galveston Restaurant Group.

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Houston father hopeful of next stimulus round promised by President-elect Joe Biden

HOUSTON, Texas (KTRK) -- A single dad of two who lost his job early on in the pandemic is still struggling to get back on his feet, but is hopeful after President-elect Joe Biden unveiled a $1.9 trillion coronavirus plan Thursday to end "a crisis of deep human suffering."
"I'm a single dad. I got two girls. It's a constant struggle," said Edward Jaime.
Jaime has managed to keep himself and his two young daughters healthy throughout this pandemic. Unfortunately, what hasn't been easy is trying to get back on track after suddenly losing his job in March.
"Trying to pay bills it gets you real quick. To get in debt and trying to catch up," he said. "It never ends."

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