Economy – Page 3 – Worthfy Financial Literacy Counselling

Mid-term election and stock market

The recent US mid-term election has been fascinating because the result almost shocked everyone. Some called it historic because it is better than historic norm for the President’s party who usually loses a lot of seats in Congress. One interesting comment I heard quite often is that a divided government is better for the stockContinue reading “Mid-term election and stock market“

Anti-growth coalition?

I learned this phrase from British ex-Prime Minister Liz Truss. What drives growth? Cutting tax? Liz Truss said people who against her tax cutting mini budget is anti-growth. 😊 It all depends on whose taxes are cut and whether and how to balance the budget. Some believe that if business taxes are cut, business canContinue reading “Anti-growth coalition?“

Inflation? Whose fault is that?

Bank of Canada said the way to fight inflation is to raise interest rate to crush demand. It sounds like people have too much money in their pockets, so the central bank needs to make it harder for them to buy stuff. Some even blame the covid relief fund. Perhaps they should talk to thoseContinue reading “Inflation? Whose fault is that?“