{"id":42262,"date":"2019-01-04T09:48:42","date_gmt":"2019-01-04T14:48:42","guid":{"rendered":"https:\/\/olduvai.ca\/?p=42262"},"modified":"2019-01-04T09:48:42","modified_gmt":"2019-01-04T14:48:42","slug":"three-things-that-will-definitely-happen-in-2019","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=42262","title":{"rendered":"Three Things That Will Definitely Happen In 2019"},"content":{"rendered":"
\n

Three Things That Will Definitely Happen In 2019<\/a><\/h3>\n<\/header>\n
\n

Much about 2019 is uncertain. But a few things are pretty much guaranteed, including the following:<\/p>\n

Government debt will rise at an accelerating rate<\/strong>
\nLike a life-long dieter who finally gives up and decides to eat himself to death, the US is now committed to trillion-dollar deficits for as far as the eye can see. And that\u2019s \u2013 get this \u2013 assuming no recession in the coming decade. During the next downturn that trillion will become two or more, but in 2019 another trillion-plus is guaranteed.<\/p>\n

\"US<\/p>\n

But the US debt binge is downright orderly compared to much of the rest of the world.<\/p>\n

After Paris nearly burned to the ground last month, president Macron responded \u2013 surprise! \u2013 with massively higher spending:<\/p>\n

\n

Macron Bets Spending Binge Can Save His Plan to Transform France<\/a><\/h2>\n

(Bloomberg) \u2013 Emmanuel Macron is rolling the dice with France\u2019s public finances to keep his grand plans for the economy alive after weeks of protests on the streets.<\/p>\n

Macron\u2019s government will set out a raft of measures to try to calm the so-called Yellow Vest protests on Thursday and they will almost certainly see France breach the European Union\u2019s budget deficit ceiling next year.<\/p>\n

The 40-year-old president is arguing the concessions are necessary to maintain public support for his efforts to make the economy more efficient.<\/p>\n

\u201cMacron is now facing an impossible trilemma,\u201d said Bernhard Bartels, associate director at Frankfurt-based Scope Ratings. \u201cYou can\u2019t have have popular support, ongoing structural reforms and fiscal consolidation all at the same time.\u201d<\/p>\n

Macron\u2019s announcement Monday that he\u2019ll raise the minimum wage, abolish taxes on overtime, and get rid of a controversial tax on pensions will send next year\u2019s budget deficit to about 3.5 percent of output, up from a previous target of 2.9 percent, according to media reports. That\u2019s well beyond the 3 percent limit imposed on members of the euro zone.<\/p><\/blockquote>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Three Things That Will Definitely Happen In 2019 Much about 2019 is uncertain. But a few things are pretty much guaranteed, including the following: Government debt will rise at an accelerating rate Like a life-long dieter who finally gives up and decides to eat himself to death, the US is now committed to trillion-dollar deficits […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[21635,195,213,15342,333,380,7544,1816,657,827,23287],"class_list":["post-42262","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-21635","tag-debt","tag-dollar-collapse","tag-emmanuel-macron","tag-france","tag-government-debt","tag-john-rubino","tag-pensions","tag-protests","tag-united-states","tag-yellow-vest-protests"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/42262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42262"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/42262\/revisions"}],"predecessor-version":[{"id":42263,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/42262\/revisions\/42263"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}