American Economics Thread

[hashtagpls]

Cold-war was not a war that needs to be "won".

It is far more preferable to keep a weakened USSR around than to be the sole hyper-power.

If USSR was still around, AQ would have risen, or they would be more focused targeting Russians. The Europeans would be more manageable from a US perspective.

Look if there was no Joker, Batman would just be another lunatic. Every good guy needs a bad guy, preferably weakened, but not stirred.

It's also useful for the Plutocracy in the anglosphere to have an external enemy to focus public anger against and away from themselves.

The US is headed for stagflation and with it, greater crime and higher social unrest; race war against non white Chinese is the only way for the anglo elites to stave off the guillotine.
Also, look at the price of crypto vis-a-vis the USD. The USD value is declining rapidly despite treasury yield rates rising.
I think it's safe to assume that Chinese banks have ceased purchasing US Treasuries and in fact reducing their reserves of US debt.

 

[Tyler]

The $US is losing value against the RMB, and stock prices are falling. Prices at Costco and Walmart are increasing.

 

[KYli]

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[caudaceus]

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Again another flashback to Carter era.

 

[LesAdieux]

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April CPI up 4.2%

 

[Xizor]

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April CPI up 4.2%

In addition to rising prices, one of the main reasons for the big annual gain was because of base effects, meaning inflation was very low at this time in 2020 as the Covid-19 pandemic caused a widespread shutdown of the U.S. economy. Year-over-year comparisons are going to be distorted for a few months because of the pandemic’s impact.

For that reason, Federal Reserve policymakers and many economists are dismissing the current round of numbers as transitory, with the expectation that inflation settles down later this year around the 2% range targeted by the central bank.

 

[voyager1]

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April CPI up 4.2%

Crap!

We are screwed. This means that the whole world will become poorer now. Unless you are a zillionaire you are in trouble.

How can we, the common people afford inflation increasing so high every month?

But "muh transitory inflation". Powell should be thrown into prison

 

[voyager1]

For that reason, Federal Reserve policymakers and many economists are dismissing the current round of numbers as transitory, with the expectation that inflation settles down later this year around the 2% range targeted by the central bank.

Here they are again with their favourite buzzword.

Have you ever seen companies reducing their prices lol

 

[LesAdieux]

it's getting interesting now.

for fed: to tighten or not to tighten?

for wall street: to throw a tantrum or not?

inflation like pandemic must be contained in early stage, if it gets going, then you'll face the Indian situation.

 

[manqiangrexue]

Crap!

We are screwed.

Whyyyy are you always so full of panic at every little news?

This means that the whole world will become poorer now.

The whole world has been producing far less during the pandemic. China's fine though. If the whole world's a little poorer during a pandemic, so what? That's hardly screwed. We don't always need more and more in excess every year to live.

Unless you are a zillionaire you are in trouble.

Hmmmm... How many zeros in a zillion? According to your post, I must be a zillionaire... anybody else on this forum a zillionaire but didn't know about it until now? LOL

How can we, the common people afford inflation increasing so high every month?

Transitory and it's over April of last year, not a monthly increase. Make do with 4% less goods or dip into some savings or just save a little less for those who don't blow their whole paycheck every month. It's not that hard.

But "muh transitory inflation".

Because it is transitory and it won't be 4% sustained. It might actually get a little higher but it won't be a long term rising trend, obviously.

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Powell should be thrown into prison

All your panic posts should be banned.