American Economics Thread

4Tran

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Is this a tacit admission that 2017 Trump was a complete retard? If Trump has a Time Machine, will he charge his past self with treason (picking someone who collapses US economy is a pretty huge offense) and detain him at Alligator Alcatraz?
Bear in mind that Trump also called the USMCA a terrible idea, "Who would ever sign a thing like this?" He was the one who negotiated the USMCA.
 

E100

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I love the amount of gaslighting in the article. How could the economy be on solid footing when the employment numbers are fake, bankruptcies are at an all time high, and everyone not worth 5 million USD are living from paycheck to paycheck?
Who you're gonna trust? The Ministry of freedom and truth or your lying eyes?
 

HighGround

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Who you're gonna trust? The Ministry of freedom and truth or your lying eyes?
Retail has been dying for years and the companies listed in here were weak.

it’s a surprise it took that long for dinosaurs like Party City to go bankrupt.

for those unfamiliar, its a company that essentially sells Balloons and Halloween costumes in giant physical locations, and from an online store that looks like it’s from 2005.

Its demise is not surprising.

The next American recession needs to wake America up, instead of propping up mediocrity.
 

Sinnavuuty

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I love the amount of gaslighting in the article. How could the economy be on solid footing when the employment numbers are fake, bankruptcies are at an all time high, and everyone not worth 5 million USD are living from paycheck to paycheck?
Companies going bankrupt, retailers laying off thousands of employees, default rates rising, and so on... how can a service-based economy grows in this scenario? Can someone explain?

American data has been tampered with since the pandemic.
 

tokenanalyst

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how can a service-based economy grows in this scenario? Can someone explain?
Maybe not putting tariff in the raw materials that companies use to service the clients could help. What they expect? A 50% tariffs on copper will affect companies who do copper plumbing services, with increased prices they will have to pass prices to consumers but if that lead to less revenue then they will have to slash cost to keep prices acceptable and usual that cost cut come by firing employees.
 

Fertorstar

Just Hatched
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Companies going bankrupt, retailers laying off thousands of employees, default rates rising, and so on... how can a service-based economy grows in this scenario? Can someone explain?

American data has been tampered with since the pandemic.
There literally isn’t much here outside of Covid causing it to rain money and thus poorly managed companies had a longer period to burn liquidity than pre-COVID as well as higher interest rates making it so that floating rate debt was more expensive to service
 
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