2019-12-19 14:43:00 Thu ET
treasury deficit debt employment inflation interest rate macrofinance fiscal stimulus economic growth fiscal budget public finance treasury bond treasury yield sovereign debt sovereign wealth fund tax cuts government expenditures
JPMorgan Chase CEO Jamie Dimon views wealth inequality as a major economic problem in America. Dimon now warns that the rich Americans have been getting wealthier too much in many ways. In contrast, Dimon further observes that middle-class income remains flat for 15-20 years. This stark economic divergence cannot be particularly good in America.
Some demographic changes may be the root cause of both wealth inequality and a rare lack of trade-off between inflation and unemployment in America. The latter has profound public policy implications for the Federal Reserve and Treasury in terms of dovish interest rate adjustments with better fiscal prudence. The Sargent-Wallace monetarist arithmetic analysis shows that the monetary authority cannot contain inflation with maximum sustainable employment and price stability when the government continues to issue public bonds to fund incessant fiscal deficits on top of national debt mountains. The Dimon remarks emerge amid many criticisms of the top U.S. income cohort by Democratic Senator Elizabeth Warren, Former Vice President Joe Biden, and Former New York City Mayor Michael Bloomberg. Dimon further suggests that both income and wealth inequality may inadvertently widen disparities in socioeconomic opportunities from education and health care to employment and technology.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2017-09-19 05:34:00 Tuesday ET

Facebook, Twitter, and Google executives head before the Senate Judiciary Committee to explain the scope of Russian interference in the U.S. presidential el
2019-07-29 11:33:00 Monday ET

Blackrock asset research director Andrew Ang shares his economic insights into fundamental factors for global asset management. As Ang indicates in an inter
2019-04-13 14:28:00 Saturday ET

Saudi Aramco unveils the financial secrets of the most profitable corporation in the world. In its recent public bond issuance prospectus, Aramco offers the
2019-03-21 12:33:00 Thursday ET

Senator Elizabeth Warren proposes breaking up key tech titans such as Facebook, Apple, Microsoft, Google, and Amazon (FAMGA). These tech titans have become
2022-04-05 17:39:00 Tuesday ET

Corporate diversification theory and evidence A recent strand of corporate diversification literature spans at least three generations. The first generat
2019-05-17 15:24:00 Friday ET

A Harvard MBA graduate Camilo Maldonado shares several life lessons and wise insights into personal finance. People can leverage stock market investments an