#us finance

How to Get a Credit Card with No Credit History: The 2026 Zero-to-Hero Strategy The Credit Catch-22: Your Guide to Breaking the Cycle Starting your financial journey can feel like navigating a maze built by bankers. The biggest hurdle? The dreaded “Credit Catch-22”: You need credit history to get a credit card, but you need a credit card to get credit history. It’s frustrating, and as a US…

Best Credit Cards February 2026: Top Picks for Winter and Romance Introduction: Maximize Rewards During the Short Month February 2026 is often the coldest month, but it brings unique spending opportunities centered around Valentine’s Day and winter travel. Choosing the Best Credit Cards February 2026 is all about maximizing high rewards on dining, flowers, and travel bookings while managing those…

Best Credit Cards April 2026: Top Offers & Spring Savings Introduction: Spring into Smart Spending April is a pivotal financial month for US consumers. It’s when many people finalize their tax returns, kick off spring travel plans, and start major home improvement or gardening projects. In 2026, the best credit card for April is the one that helps you maximize savings on these specific spring…

New Post has been published on http://www.top20broker.com/news/us-financial-crisis-still-casts-long-shadow-westpac/

US financial crisis still casts a long shadow - Westpac

Richard Franulovich, Research Analyst at Westpac, explains that it’s almost a decade since the US financial crisis and growth is still tracking historical analogues pointing to sub-par growth and while Trump is a potential game-changer, this week’s US House vote on a new health care bill will be a key test.

“US growth and interest rates in the decade since the financial crisis vis-à-vis other economies that experienced similar financial crises.”

“It is now almost a decade since the US financial crisis. Historical analogues from other financial crisis economies suggest that at this point there is still no discernible improvement in trend growth. US growth is tracking right about where the post-crisis historical record suggests it should be, though interest rates are higher.”

“Of course President Trump’s policy agenda – significant tax cuts, tax reforms, a big lift in infrastructure spending and deregulation – are potential “game changers” that could see the US defy the trend of extended weak post-crisis growth, especially if the focus is on boosting productivity and supply side potential.”

“But, any signs that the Trump administration cannot achieve some of these core policy goals could undermine animal spirits and the still weak underlying post-crisis “soft growth” trend could reassert itself.”

“The US House is set to vote on a new health care bill to repeal and replace much of Obamacare this Thursday. Any signs that healthcare reform is running into stumbling blocks could raise investor concerns that tax reform will also run into similar problems. This week’s vote will offer a test of the party’s cohesion ahead of other equally controversial items among the Republican party such as taxes and infrastructure. Even with a healthy majority in the House passage of healthcare reform is not assured. There are procedural reasons why delays to health care will lead to delays on taxes too.”

“The Republican party is using a special budget rule known as “budget reconciliation” to replace Obamacare and tax reform. This procedure makes it easier to pass budget related legislation because it gets around the need for a super majority 60 votes in the Senate – just a simple majority is needed. Without this approach its highly doubtful these big ticket items will pass the Senate given the Republican Party’s wafer thin majority in the Senate. But, along with the advantages of this special rule come key restrictions. Just one reconciliation is permitted each year and Republican’s chose the 2017 reconciliation bill to focus on health care, leaving the 2018 reconciliation for taxes.”

I swear to god, im scared cuz i like to import a lot from countries like S. korea and Japan.