American Economics Thread
- Thread starter Bernard
- Start date
Nope. The exchange rate will crash at some point, because there are only so many assets which are attractive.
Then you're looking at much higher interest rates and an economic contraction (or crash)
Remember that every year, the US has to fund a trade deficit of 1 trillion USD
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Food shortages are here from many sources in the USA and as I have said before there is a mega drought happening right now that is cutting into the food supply and causing real damage that cannot be fixed over night
Please look at this article as well amount others
just because the data says it’s good doesn’t mean that it is good in reality. They only have good numbers because they are pushing everything they have in storage out quickly to meet the demand but what about the foods in storage, how much food is their with all the disasters happening, along with the thousands of cows dying all over the place and food that is literally being cooked to uselessness
The USA can fudge its numbers to look good in front of the world but once’s the real truth comes out, really will that convince you finally that the house of cards is burning down or are you going to keep on pretending that the USA is fine, because right now, it is not
The rmb should move up soon, causing super inflation in the US.
D
Deleted member 15949
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Not EPI, noooooooooooo!
Yeah, non-inflationary. Take the 2019-2021 CAGR
D
Deleted member 15949
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California output is ~20% of US agricultural produce supply. It's significant but assuming the drought hurts 25% of that, that's only a 4% reduction. *Yawn*
No, not 3%. How terrible, that 3%.
Which is why agricultural inventories are increasing?
Wow, not a run of the mill natural disaster.
Give up. The US economy is booming, growth & employment are soaring and money printing has no bad consequences and the faster you can accept those truths, the better.
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Sure, I give up trying to convince a brick wall that a brick wall can only ever be brick wall. The US economic can only ever succeed if they can actually produce things on a scale of what China can do without the massive debt piling on daily, both of which is impossible right now. But still assuming you are living in the USA right now, how about we wait for a few more months to see if the nation doesn't end up going down the path of 'the forever purge'. Modern monetary theory is not going to work for very long and the sooner you understand the why, the better you will be, but then again, you obviously haven't been hit hard enough by the 2008 economic crisis to understand why there are so many homeless people in California right now.
Continued “money printing” to fund deficit spending can end badly. But the US have been able to get away with this for far longer than possible in any other country.
As long as the Dollar remains the global reserve currency, the US can prob “fund” itself for a long time.
As long as the Dollar remains the global reserve currency, the US can prob “fund” itself for a long time.
Those days are numbered, especially now that it is China, not the anglo US, which is the world's largest trading nation in the world.