US debt, raising benchmarks, recession

With the size of US and UK public debts, why should these countries act against themselves, raising their central banks reference rates?
Even if there is a reason of a doubt for the US, in a way, raising the Federal Reserve reference rate, is leading both BoE and ECB to raise their reference rates, and with both the size of UK public debt or in the EU, the sizes of the french, italian, spanish, grece and portuguese debts, it is counter-productive even for others EU countries with average and below average levels of public debt related to GDP, in a way, that more public debt means more devaluation of its currency. This is not an absolute dogma for EU countries because they can sell their products easily, outside the EU.
But for instance, for americans, that are now in a recession it is also counter-productive to support a policy of raising central banks interest rates because, both, the devaluation of the euro,  that it is making EU goods cheaper, not to mention Asian goods as smartphones. 
US is having increasing difficulties  of selling their own goods and is paying more for their debt, with nuances somehow.
Even for europeans and even asiatics it is counter-productive this policy of euro devaluation, because it is leading to a recession in the US, that will come to Europe and, or in the end to Asia. Or it could be any EU country first, or even any country in the globe that could lead the world to a recession, because of its economical crisis or even political crisis.
So, if central banks wanted to stop inflation, they would stop raising their reference interest rates.
In a world stand point, I should say, wars and events that are pushing energy prices high, should simply stop. It would stop inflation all over.
European comission should put targets on percentage of public debts related to the GDP and targets on public deficits in order to stop spending and improving and organizing better their incomes.
People should work more and more efficiently.

Published in my Facebook page on the 3 rd of October 2022

Mensagens populares deste blogue

econopolitic

Temos de criar condições para todos vivermos melhor, trabalharmos mais, lucrarmos mais, produzirmos mais, quer sejamos mais novos ou mais velhos, mais ricos ou mais pobres, independentemente da escolaridade e dos locais onde vivamos.   Ou simplesmente continuarmos como estamos ou ter outras opções e visões de vida. Os políticos no governo e na oposição têm de criar condições gerais para a economia funcionar melhor, e desenvolver políticas sectoriais inclusivas  que criem sinergias e trocas entre todos os portugueses bem como com o espaço europeu e global onde  estamos. Temos sempre de ter individual e coletivamente alguma independência económica, para vivermos e  nos defendermos destas e de outros tipos de ameaças. Na economia complexa contemporânea local, nacional, europeia e mundial, deveremos ter em conta economias de escala bem como economias do signo, ligadas às nossas características enquanto utilizadores do território — passadas, presentes e futuras que v...
Ler mais

START POINT OF THE UNIVERSE

Back to basis, I have no doubt that absolute darkness was the start point of light, and the Universe as we know it. What science has to find is time development. With C14 we can not say that Earth began 4000 million years ago. So we'll have to find out how to search. From the sun, the earth, the solar system, to the center of the Earth. To the center of the Earth, that would not give us with magmatic rocks, anything like 4000000000 years, what I read from dating with C14 was something like 60000 years. We can find a "Go between" scale linked to waves to date coal. But it is hard to believe in this gap above. On the other side there is the biology, the bacterias, unicellular cells and multicellular cells, but their dating is linked for sure with the Big Bang theory that it is right at the start, but we can not prove the exact start point on time and time developping. Due precisely for what we can prove or not with light. So light is a wave, no light should be no wave, so t...
Ler mais

tv reality and cinema

This is a blind date. People can no longer see absolutly nothing, as I do, besides perhaps on Youtube. Cinema on tv... Cannes was the meca of cinema, "La berlinale" showed movies from allover, worldcinema. Venice, I just do not comment. In the US as in europe in generall people are no longer gathering besides american apps. Content for television is now linked to "La HBO and Netflix". The rest is what I referred yesterday, the films of Edgar Pêra, Pedro Costa and first Miguel Gomes who are caracterizing this pitoresque landscape of the so called "tv reality", that I could not escape myself. In a way as I did 13 years ago, not in the mood for 1h30m long film in a daily basis, but short films are easy to watch, so that is what I'm trying to do daily. For cinema directors allover, people who are in the schools of cinema of not, people from around the globe, I would like to see 15m to 30m short film, on the internet, to aknowledge people, arts, politics, s...
Ler mais