There should be concern about the US economy

The United States’ strengths are well known: the weight of its technology sector, significant innovation effort, elite universities, the dollar’s reserve currency role. But the US economy’s numerous structural problems must not be overlooked: Low labour force skills, education system underperformance and, as a result, the decline in the employment rate and hiring difficulties for companies; Overuse of the dollar’s reserve currency role, in particular to keep fiscal policy expansionary , and the accumulation of a huge external debt , which results also from the inability of the productive system to export the goods demanded by the rest of the world; The risk of high inflation, due to the decline in the labour supply, and a significant rise in interest rates, with deeply negative effects for debt sustainability, asset prices, wealth and companies that have made intensive use of the leverage effect; The inability to stabilise income and wealth inequality, associated with the proliferation of economic rents (dominant companies, real estate rents, etc.), rents being synonymous with a loss of dynamism. So, in reality, the US economy is structurally weak in many respects.