American Economics Thread

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BlackWindMnt

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voyager1 said:
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I am very impressed with Biden. The man is a reformer and he clearly has his heart on the right place. Biden is actually what the Americans wanted for Obama to do when they elected him

Of course there is still severe political Republican opposition, however for now it seems that Biden is giving these FDR vibes and he has tremendous momentum behind him.

You can now see how fast the foreign establishment apparatus has changed track and it now wants to improve the US. We will see though if the oligarchs will allow them to do so.
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I think I have now seen 3 presidents that started quiet well with a big message but never really accomplished anything after 4~8 years.
Obama's "Yes we can"
Trump's "Make America great again"
Biden's "Build back better"

So we went from "We are still the best" -> "We can be great again" -> "Maybe we can go from shit to better?"
 
siegecrossbow

siegecrossbow

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voyager1 said:
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I am very impressed with Biden. The man is a reformer and he clearly has his heart on the right place. Biden is actually what the Americans wanted for Obama to do when they elected him

Of course there is still severe political Republican opposition, however for now it seems that Biden is giving these FDR vibes and he has tremendous momentum behind him.

You can now see how fast the foreign establishment apparatus has changed track and it now wants to improve the US. We will see though if the oligarchs will allow them to do so.
Click to expand...

If Biden is willing to take one for the team he could rename it the MAGA bill.
 
V

voyager1

Captain
Registered Member
BlackWindMnt said:
I think I have now seen 3 presidents that started quiet well with a big message but never really accomplished anything after 4~8 years.
Obama's "Yes we can"
Trump's "Make America great again"
Biden's "Build back better"

So we went from "We are still the best" -> "We can be great again" -> "Maybe we can go from shit to better?"
Click to expand...
Obama started that way but he ended to as the Big Tech/Bank/Corps guy.

However Biden has already started doing his moves. He did the stimulus and is now trying to do the infrastructure bill. So he is obviously trying. But we will see if he manages to pass it
 
V

voyager1

Captain
Registered Member
quantumlight said:
I guess I'm gonna get six pack abs soon whether I like it or not lol

View attachment 70764
View attachment 70765
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And look at this now

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US government bonds were hit by fresh selling on Friday, with analysts warning of further volatility ahead as the Treasury department seeks to offload more than $370bn of new securities over the next three weeks.
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That brings total supply for the month to an all-time record of $373bn, according to estimates by Gennadiy Goldberg, a rates strategist at TD Securities, once the remaining auctions for inflation-protected government securities and other notes are factored in. “Given the enormous amount of supply continuing to hit the market every month, every Treasury auction should be viewed as a risk event,” Goldberg said.
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The yields are too low for the US treasuries and market is not buying the US story about inflation not happening.

So by next week, expect yields to increase even more.
 
j17wang

j17wang

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Registered Member
gadgetcool5 said:

U.S. service economy surges in March as vaccinations rise and restrictions are lifted​

A survey of business leaders at service-oriented firms such as banks, retailers and restaurants jumped to 63.7% last month from 55.3% in February, the Institute for Supply Management said Monday.

That’s the highest level on record since the ISM began the survey in 1997.

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This isnt economic growth, its a recovery from previous lockdowns. Questionable how long it would last.

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New signs of "impending doom".
 
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voyager1

Captain
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j17wang said:
This isnt economic growth, its a recovery from previous lockdowns. Questionable how long it would last.

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New signs of "impending doom".
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I mean do you even want this kind of growth?

If.you need to borrow 20% of GDP to get 2-3% extra growth then thats a terrible deal.

Better for China to not do big stimulus programs, accept a bit lower growth and not to be burdened with much more extra debt
 
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