The purpose of this article is to examine the USA sectoral flows for September 2020 and assess the likely impact on markets as we advance.
Source: FRED, CBO and author’s calculations based thereon
The table above shows the financial balance of financial flows from the USA national accounts since April this year when the Federal Government response to the COVID crisis started.
The flow to the private domestic sector (where the asset markets are) was over fifty percent lower than last month but still positive at over $79B.
Asset markets can be expected to keep climbing as the injection of more money is factored into their prices.
The chart below from the CBO shows the deficit spending path.
The chart above shows the big difference in deficit spending year over year. The CBO summarising the result for September as follows:
The table below shows that the overall Federal expenditures were
Japan’s “Society 5.0” refers to the fifth stride in human civilization evolution to create a “super-smart” future society which leverages the technological innovations of the current fourth industrial revolution (4IR) to achieve economic advancement and
embed these in society to solve people’s problems so that they can live better lives. And Digital Asset Fintech Hubs can play a key part in that project. Let’s take a look at the reasons.
Society 5.0 addresses a number of key pillars: Infrastructure, Fintech (including blockchain), Healthcare, Logistics and Artificial Intelligence (AI).
Whilst the pandemic has accelerated 4IR development through rapid digital transformation, it will also be the catalyst to kick start Society 5.0. Nations which harness this effectively will become the super societies of the future. Taking Fintech to the
next level will be essential for such enablement to reinvent the way financial services are conducted.
How can Fintech Hubs become smarter?