Greetings friends from Leo Finance, before we talked about how things have changed economically for the United States, the American dream is far away, economic problems have reached the first power, inflation of 7% and problems in the supply chain have seriously affected them.
Eight out of 10 Americans said in a survey that their economy was bad, we all know that the government of Joe Biden gave money for the health crisis, one respondent explained that she received $2,500 from the government and after a couple of weeks she had to pay taxes and the government charged him $2,500 and somehow the government always wins.
Andrew Bailey Governor of the Bank of England suggests that employees must control their salary ambitions, consumers blame companies for rising product prices and companies blame workers who demand pay rises.
US Federal Reserve Chairman Jerome Powell said in his February report that the money supply would not affect the economy in response to the surge in banknote printing and while he stands by his word, most experts blame him for inflation of 7.5%, the M2 which is the money supply has increased by 39%.
The salary increase of 5% per year in the United States has just become a joke now that inflation is 7.5%, this has made the population dissatisfied and consequences are expected when the elections come, add to this the economic consequences of Ukraine-Russia conflict.
If the first world power suffers economically, it is logical to think that the rest of the countries have a much worse time, all this may be a consequence of the health crisis, let's hope that the situation improves but let's prepare because it could get worse.