International: United States in focus

U.S. government shutdown
At the first anniversary of the inauguration of Donald Trump as President of the United States, the U.S. government must confront a partial shutdown because Congress failed to lift the ceiling of public debt. Only so-called ‘essential services’ will be maintained, while about twenty percent of regular government spending are without funding. The dispute between the Democrats and the President’s Republican Party concerns immigration policy, and the status of the children of illegal immigrants. For both parties, this is a high-stakes issues along with building a wall between the United States and Mexico.

Stock market boom
While the news coverage highlights the issue of immigration and a non-ending series of real and made-up scandals of the Trump government, it gets largely unnoticed how well the American economy is doing. Most impressive is the rise of the U.S. stock market since the election and since Trump’s inauguration. Since the election of Donald Trump, the stock market value of the American economy has grown by almost seven trillion U.S.-dollars to slightly over thirty trillion U.S.-dollars. On the one hand, this rise lifts the retirements accounts of many Americans, on the other hand, the wealth discrepancy augments because the superrich typically have their wealth in stocks.

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