The United States has the largest economy on the planet
The United States has the largest economy on the planet since the late nineteenth century. It is a model that depends more and more on services. In terms of manufacturing production, it represents 20 per cent of the sector worldwide. Constant investment in research has kept this nation at the forefront of high-tech innovations.
Silicon Valley is, most likely, the area with the highest density of dreamers in the world. The ease of their markets to do business makes this country a very attractive destination for migrants. In addition, your financial health is relatively stable. Of the 500 large companies around the world, 133 are based in the United States.
The dollar is still the dominant currency in the world
More than half of the world's economic reserves are in dollars; the euro barely exceeds 24 per cent. The USA is a country with too much influence, with its political decisions and on the economy; therefore, the behavior of its finances drags the markets and stock exchanges globally. It has a quarter of the world's nominal GDP, with 17.2 billion dollars.
SEE ALSO: Is the use of cryptocurrencies a dream come true to online gambling establishments?
The data for 2018
It registered a growth of 2.9 per cent during the year 2018. Also, since 2004, 2 per cent growth was not achieved in each quarter. The Trump administration has boasted of its achievements in terms of rising wages and employment rates. However, not everything is rosy, as most experts say that this trend can be dangerous.
Although fiscal stimuli reinforced the business financial sector, there are great threats to the US economy. During the first quarter of 2019, it is forecast growth of 2.2 per cent, very far from Trump's pretensions. The Federal Reserve (FED) projects an annual growth for this five-year period close to 2.3 per cent.
So, what is the problem? The figures mentioned in the previous paragraphs would be envied in any industrialized country. The question is the price to pay for the measures adopted in recent years. One of the most evident issues is the growth of inequality in the population. The few rich are getting richer and the poor are getting poorer.
Sectors such as automotive and real estate are in a clear slowdown since mid-2017. The staunchest opponents of Trump's economic model speak of unstable and unsustainable long-term conditions. That is, it could end up in another 'bubble effect'. In contrast, the FED affirms "we are the most buoyant economy in the world".
SEE ALSO: Awful data show US economy is in deep trouble
The big threat: the debt factor
According to the BBC, the United States has a public debt of more than 14 trillion dollars. China - a country with which there is a tariff war - has almost USD 1.2 trillion in treasury bonds. The amount committed to foreign countries exceeds USD 4 billion; the total external debt is USD 6 billion. However, few doubt the solvency capacity of the US.
Marc Goldwein, Senior Vice President at Committee for a Responsible Federal Budget, predicts a possible debt crisis if creditors increase the interest rate. Characters like Kenneth Rogoff (Harvard University) explain that the United States had never had such a level of debt. With the reduction of taxes, the richest are helped at the expense of the common population.
The online gaming and casinos, immune to global financial trends?
The emergence of a global phenomenon known as Industrial Revolution 4.0 has changed the rules of everything. Therefore, within the United States, the sector of casinos and online games seem to have their own rules. Portals such as baccarat.net
are proof of this. It is a market in sustained growth, apparently detached from external influences.
SEE ALSO: Wall Street returns to losses as Warren Buffett dumps airlines
Competition is greater and fiercer; positioning yourself in the market seems to be a matter of luck. But, really, to stand out is not the product of chance, there are two key factors: innovation and organization. Internet product markets are very volatile; as a result, many SMEs fail soon after they start.
That is, the chances of success are low, failure is a frequent situation. But, digitalization also has as an implicit advantage much faster and more effective learning. Therefore, recovering after an unsuccessful venture is comparatively simpler and cheaper than in previous decades.
Factors of uncertainty about the US and global economy
The Trump administration will probably not focus on reducing public debt or external debt. Its proponents argue that foreign investment by US companies (USD 2.4 billion in 2011) is a decisive negotiating factor. After all, the United States continues to be the largest industrial power in the world.
The level of internal inequality could lead to social crises that deteriorate the confidence of the markets. It is important to remember the influence of voters for the continuity of economic policies. According to Boston Consulting Group, by 2021 1 per cent of the US population will have 70% of the country's wealth.
SEE ALSO: Remittances dry up as Covid-19 crisis ravages the world
Nor does it seem very willing to reduce tensions with China; on the contrary, the tariff war could worsen at any time. The pro- Trump economists argue that their primary production sector is the strongest. Not in vain, continue world leaders (or within the 'top 3') in lines such as cotton, soy, fruit, and cereals.
Predictions of the United Nations on the world economy
On the other hand, the UN points out those current geopolitical tensions can also drag global financial markets. Countries such as Libya and Venezuela are facing governance crises that can cause sudden fluctuations in the price of oil. Whether the United States is directly involved or not, is a decision that carries a political cost.
In addition, the major world industrial powers (especially the US, China, and India) seem not to agree on climate change. The United Nations warns that the growing devastating power of natural catastrophes cannot be underestimated. During the last two decades, phenomena such as hurricanes are more frequent.
Meanwhile, internet commerce has been, until now, much less fickle. The rise of cryptocurrencies such as Bitcoin and Etherial, and web platforms such as www.baccarat.net
, PayPal and Pioneer, are evidence of a market that is immune to the ordinary rules of the world economy. They are currently a safe and reliable investment.
SEE ALSO: Silicon Valley billions at risk as CBK slams the brakes on unregulated digital lenders