Category: general

The Next Recession May Come By Stealth

Markets have been blowing hot and cold regarding the prospects of a recession in the U.S. The Institute of Supply Management’s November survey shows that the index of factory activities in the U.S. fell to 48.1 from 48.3 in October (any reading below 50 is indicative of a contraction). This is confounding the expectation that America’s domestic industrial production would improve in anticipation of a “deal” in the U.S.-China trade war. However, the Department of Labor also reported that 266,000 jobs have been added to the economy in November, bringing unemployment rate down to a historic low of 3.5%. A confusing situation has just been made more confusing. It has been said that generals are always fighting the last war. It’s not that different when it comes to fighting economic downturns. Since the global financial crisis a decade ago, we have been scouring the horizon for any signs of financial fragility, such as asset bubbles, that could plunge us into the next global recession. Despite mounting evidence of a weakening economy, there are no asset bubbles comparable to that of the pre-2008 period. And we won’t find any, even as we edge closer to the next recession. Since the last global financial crisis, the global economy has been reshaped by different forces, and the coming recession will be caused by factors totally different from those of the last one. First off, the global economy today is mired in uncertainty arising from the trade war, an enfeebled Europe, Brexit and rising geopolitical tensions. An even deeper source of uncertainty is that the liberal global economic order, in place since the 1950s, is dying. Two trends are converging to kill it. The first is the West’s declining economic dominance relative to the rest of the world, and China in particular. The second is the rise of populism in Western democracies, arguably the most serious challenge to the legitimacy of the liberal global order. And yet, even as the liberal global economic order fades away, it’s unclear what a post-liberal global economic order will look like. So for now, the global economy is like a barfly at closing time: it has no clue where it’s going, but it can’t stay here. Developed world economies have meanwhile been seriously weakened by prolonged zero interest rates, making them vulnerable to unexpected shocks. Extraordinarily low interest rates distort the price of money, arguably the single most important price signal in a market economy. They poison the business environment, allowing poorly run businesses to survive, jamming the gears of creative destruction that drive any economic renewal. The survival of poorly run businesses also suck profits from more successful businesses, sapping their ability to expand. Against this backdrop, any number of missteps could trigger chain reactions that push developed world economies into recession. But we should also be prepared for a potentially different kind of downturn. The accepted definition of a recession is two consecutive quarters of contraction in an economy.…
Read more

When going to the US, tourists often think of paying a visit to Los Angeles because of its film-related and celebrity reputation. Also, everyone would like to witness the famous Hollywood sign or watch the Los Angeles Lakers play live.

There is more to this city that you can imagine. Aside from film and basketball, there are other go-to places you should not dare miss to make your USA Visa approval worth it.

Best Things To Do In Los Angeles

  1. Visit Universal Studios.

There are many Universal Studios around the globe, and the one in Los Angeles is remarkable. It is considered the most famous in the world and attracts millions of visitors – both local and foreign annually. You can enjoy rides derived from actual films and TV shows like Fast and the Furious, Minions, or The Simpsons.

No matter what age you are in, you are sure to enjoy strolling around Universal Studios in Los Angeles. Rides are indeed worthy of that esta visa processing.

  1. Be Surprised by Mickey at Disneyland Resort.

If you are not a fan of Universal Studios production or a Disney kid at heart, Disneyland Resort would love to welcome you.

This one in Los Angeles is one of the biggest Disneyland Resort in the entire world. You might want to plan out your stay for quite long the moment you file for a USA esta. It is to make sure you do not miss anything from the resort.

  1. Stroll Along Griffith Park.

Griffith Park measures more than 4,210 acres of duly landscaped parkland. It is named the biggest municipal park across the United States. You can hike, make trails, and make a trip to the observatory to discover more about the park. You can also camp, swim, play golf, and do other activities in the park.

  1. Feel Like A Superstar Along Hollywood Walk of Fame.

The said Hollywood Walk of Fame is one of the best and iconic attractions in Los Angeles. It holds several film-related ceremonies annually and is entirely free to visit. It is sure to make your esta processing worth the shot.

  1. Watch the LA Lakers in Action Live at the Staples Center.

Of course, who would not know about LA Lakers? No trip to Los Angeles is ever complete without seeing the NBA team play live.

LA Lakers have won at least 16 NBA Championships, produced many great players in the history of basketball, and has a franchise worth of at least $2.6 billion.

  1. Visit the Los Angeles Zoo.

If you have children who would want to see animals during your stay in Los Angeles, visit the zoo. It serves as a home to over 1,100 amphibians, reptiles, birds, and mammals combined.

  1. Explore Arts at the Museum of Contemporary Art.

If you are an artsy person and wants to connect with art during your trip to Los Angeles, the Museum of Contemporary Art is perfect for you. It houses almost 6,000 arts …

Read more