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Engineer Mohannad Abbas Haddadin is a strategic and economic expert and analyst. mhaddadin@jobkins.com
The economic data, indicators and tools of inflation and growth received from the United States are still foggy, as they have made it difficult to tighten monetary policies and the required balances, while moving towards targeting a 2% inflation rate may topple the US economy and enter a real recession, and easing the tightening policies may gradually return us to square one, and the decision of the US Federal Reserve coming this month, which came late, to reduce interest on the dollar from 25-50 points and closer to 25 reduction points.
Standard & Poor's announced the raising of the long - term sovereign credit rating of Jordan in local and foreign currency from B+ to BB-with a stable outlook from Standard & Poor's for the first time in 21 years despite the global and regional external uncertainty, this comes in less than five months when Moody's also announced last May to raise the credit rating of Jordan for the first time in 21 years from B1 to BA3 with a stable outlook.
It seems that the United States will face a third World War if it ignores the field side of what its ally Ukraine is doing in Europe under the leadership of President Zelensky, as well as what its ally Israel is doing in the Middle East under the leadership of Netanyahu, which we will analyze in this article, the most important of which is why these two regions caught fire with the approaching of the US elections amid the fever of the struggle to reach the White House? The other question is how will Zelensky and Netanyahu involve the United States in their wars? And last but not least, how will President Biden defuse the two wars together so that a third World War does not occur at a time when political and diplomatic dialogue has diminished?
It seems that the fever of US election, in which the competition raged between the Democrats headed by the new candidate Camilla Harris and the Republicans headed by Donald Trump, which coincides with the holding of the annual conference of Republicans supporting Harris, this electoral competition between the candidates will affect the negotiations of the prisoner exchange deal and the cessation of the Gaza war as a result of Donald Trump's intervention through undisclosed contacts with Netanyahu and the promises to him to excute the"Deal of the century" once he wins the elections,by advising him to avoide any deal with Biden .
Expert and strategic and economic analyst engineer Mohannad Abbas Haddadin said that the negotiations led by the United States with the participation of Egypt and Qatar on behalf of Hamas to conclude a deal to release prisoners and stop the barbaric war waged by Israel on Gaza for almost 11 months, have reached a dangerous juncture due to Netanyahu's adherence to the Philadelphia axis or what is known as the Salah al-Din axis, that narrow border strip inside the territory of the Gaza Strip, which extends the "axis" with a length of 14 km along the border between the Gaza Strip and Egypt.
Expert, strategist and economic analyst engineer Mohannad Abbas Haddadin said that the market fluctuations witnessed by the US markets two weeks ago and the increase in unemployment above 4% last month, and the chances of finding jobs contrary to expectations, in addition to investor sentiment towards the most cautious commodities two months ago, as commodity prices were relatively stable despite the expected cuts in interest rates by the Federal Reserve next month, these factors, along with the slowdown in the Chinese economy and concerns about the possible US economic recession, contributed to a more conservative outlook on commodities, and in light of the weakening dollar, all affected the yellow metal as a haven safe Investors raised its prices in a marathon race to overcome the barrier of 2560 dollars per ounce, which is expected to reach 3000 dollars per ounce next year, in addition to the approach of the next BRICS meeting and its decisions that will affect the dollar, and with a new payment method that will be an alternative to Swift, which is promoted by China .
The strategic and economic analyst, Engineer Mohannad Abbas Haddadin, that after the end of today’s round of negotiations, the world’s attention is turning towards it, under United States sponsorship, in a real test of its diplomacy, and with the participation of Egypt and Qatar, which represent Hamas, according to the United States’ statement, in addition to Israel, which is still bombing what remains of Gaza during the negotiations.
At a time when the global debt reached a record high of 315 trillion dollars, the United States’ share of this debt was 35 trillion dollars, or approximately 11% of the global debt, while the US debt service increased, which exceeded the defense budget amounted to 915 billion dollars. At a time when the US economy is suffering from a slowdown in growth and the fear of entering into a recession, and the current government headed by Biden has failed to implement 40% of the major projects as his presidency approaches the end, which recorded an increase in the budget deficit last July amounting to $244 billion.
The expert, strategic and economic analyst, Engineer Mohannad Abbas Haddadin, said that the geopolitical tensions in the Middle East region as a result of increasing expectations that Iran will strike Israel are imminent and the increase in Western support for Israel through Washington sending an aircraft carrier and a nuclear submarine to the Middle East region, in light of a glimmer of hope for reaching an agreement with Israel to stop the war in Gaza, with US Secretary of State Blinken heading to the Middle East in the coming days to put pressure on Israel to spare the region from a potential disaster.
The world's eyes are turning towards the strongest economy in the world the USA economy, whose Gross Domestic Product (GDP) is estimated at approximately 27 trillion dollars, as catastrophic recession indicators have become an inevitable reality for this economy in particular and for the global economy in general, the matter has been made worse by the US Federal Reserve, headed by Jerome Powell, fixing interest rates last time, instead of reducing it, because this reduction will help revive the US economy, as job creation indicators were unexpectedly low, and unemployment rose above the 4% barrier for the last month.
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