@ISIDEWITHQuestions经济1mo ago

Has the government done enough to lower inflation?

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60% 是的	40% 不
60% 是的	40% 不

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@ISIDEWITH submitted…4 days4D

Growing US debt threatens global economy

The US will be forced to fund a massive increase in its budget deficit with short-term debt, analysts have said, with consequences for money markets and the battle against inflation.The Congressional Budget Office, the independent fiscal watchdog, this week said aid packages for Ukraine and Israel would help push up the US deficit this fiscal year to $1.9tn — compared with its February prediction of $1.5tn.“We are spending money as a country like a drunken sailor on shore for the weekend,” said Ajay Rajadhyaksha, global chair of research at Barclays. The increase in the deficit has long alarmed fiscal hawks, who warn the US’s lack of discipline will inevitably push up borrowing costs and that neither President Joe Biden nor his Republican challenger Donald Trump have substantive plans to shore up the country’s finances. “It is likely that the share of Treasury bills as a share of total debt increases, which opens up the question of who is going to buy them,” said Torsten Slok, chief economist at Apollo. “This absolutely could strain funding markets.”

@ISIDEWITH submitted…5 days5D

Thailand's Top Financial Officials to Tackle Inflation Concerns

Thailand's Prime Minister Srettha Thavisin announced that Finance Minister Pichai Chunhavajira and the Bank of Thailand Governor Sethaput Suthiwartnarueput will meet to discuss the country's inflation targets. This move comes as the government seeks to address rising inflation concerns and is considering…

@ISIDEWITH submitted…7 days7D

Armed gangs stage bank robberies in Gaza

Armed gangs, including Hamas-backed groups, have plundered at least $120mn from banks in northern Gaza in just the past two months, according to UN estimates, as the war-ravaged strip suffers from a severe cash crunch.The thefts amounted to at least a third of the cash stored in stranded vaults, according to mid-May estimates seen by the Financial Times. About $240mn more is sealed in bank vaults in northern Gaza, some entombed in concrete to try to prevent looting following the collapse of civil order in the besieged enclave.The robberies have fueled concerns among Israeli officials that some of the funds could further fuel Hamas’s insurgency as the militant group gains control of scarce banknotes in the besieged enclave’s closed wartime economy.The conflict and Israeli restrictions on the movement of cash and armoured cars have limited the availability of physical money. Residents must pay a fee a week in advance to even join the queue for a cash machine in central Gaza, one of a tiny handful of functioning machines left for the strip’s more than 2mn people.The thefts came as Gazans, most of whom live in poverty, struggle to find banknotes to buy essential supplies as inflation spirals following eight months of war.

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