Buy bitumen from Middle East
As we all know, many countries want to buy bitumen from middle east ;
however, there are some factors that affect the competency of countries to buy bitumen from Middle East . Respectively, we have decided to discuss some of them in this article.
How will the choice of Trump or Biden affect the markets?
This is the most important variable affecting the oil and bitumen market. Generally speaking, strange days in the American political sphere seem to have drawn the world’s
attention more than ever to the presidential election. The major areas of competition between the two parties include
the corona epidemic, personal income tax and corporate profits, the health care system, racial issues and the country’s “security”. The first two seem to be the most important for financial markets and ” buy bitumen from middle east ”.
Moreover, Corporate income tax is one of the most important financial instruments in the US economy. To strengthen financial markets,
the Trump administration implemented a policy of significant tax cuts in the first two years. As a result, it has a policy tool to use on the day of the beginning in which the US economy is currently engaged. In other words, it does not have a recession for a viral epidemic.
Respectively, this restriction has led to the pursuit of an expansionary monetary policy on
the one hand and government borrowing to stimulate aggregate demand on the other. The Federal Reserve’s move to buy large amounts of corporate bonds warns of the risk that
the entity will benefit from the profits and losses of corporations, as corporate bankruptcies could damage the Federal Reserve’s asset balance
(a clear example of a conflict of interest). buy bitumen from middle east
US election, affecting the global oil market
Along with these two obstacles, targeting a 2% inflation rate causes the institution to move
cautiously toward reducing interest rates and increasing the monetary base. So, what could lead to a rise in corporate stocks
with Trump’s victory in November is unlikely to go beyond monetary policy.
In contrast, the Democratic Party’s dominance of the House of Representatives is a serious obstacle to
the Trump administration borrowing, as an economic stimulus package requires parliamentary approval ruled by
different political leanings and economic lobbies from Trump supporters. Needless to mention that the sensitivity of the US financial markets to these support packages stems from
the fact that the lack of a clear horizon for controlling the COVID-19 epidemic poses a serious challenge
to the possibility of maintaining aggregate demand and achieving an acceptable level of employment.
