An article in Business Insider, an American business, celebrity and technology news website, wrote that the growth period of the US economy has ended and has been replaced by a new stylized “super cycle.”
The article states: “For the past 15 years, weak demand and low interest rates have been the characteristics of the US economy. Now, this situation is coming to an end. The world has changed, and we are entering an era of higher inflation and geopolitical instability, which will redirect global capital flows.”
According to the newspaper, the arrival of a new economic cycle shows that the results of financial policies are the opposite of what experts expected.
“Now, with a new ‘super cycle’ underway, investment managers are once again having to adapt to changing economic realities,” the authors said.
The article points out that this cycle will be a “natural selection” and will change the usual trend of the US economy and force all financial centers to adapt to the new conditions of the financial system.
In May this year, the Congressional Budget Office released a report according to which the US national debt will increase to 166% of GDP in the next 30 years, while not ruling out the risk of this figure increasing to 250% of GDP. During Joe Biden’s presidency, the US national debt has grown from $28 trillion in 2021 to an unprecedented level of more than $34.5 trillion this year.
