American Economics Thread

[horse]

Why would Chinese people be mad? Americans can spend their money however they like. I can agree in the general sense that the US economy is strong and China cannot sit and watch waiting for it to collapse but China's economy grows faster and we are now even more than before on track to overtake the US. China relies on our own strength, not the weakness of others.

I do not agree with that, that the US economy is strong.

Economic shocks, are different times compared to normal economic cycles.

There is always a big bounce back from a economic shock, it comes sooner or later.

The pandemic shock wiped out the service industries, because we were told to stay at home.

Now all these service jobs are roaring back. These are the Mc-Jobs of the economy. Low wage.

Creating low wage jobs has been the normal for the US economy. The recovery from the pandemic has not changed anything it seemed.

Just seems to me that the pandemic and the following money printing has made the US economic system even more unstable.

Unstable systems usually are not thought as strength.

That is why US allies hedging their bets. They have experience such history. The Americans have no use for history.

 

[manqiangrexue]

I do not agree with that, that the US economy is strong.

Economic shocks, are different times compared to normal economic cycles.

There is always a big bounce back from a economic shock, it comes sooner or later.

The pandemic shock wiped out the service industries, because we were told to stay at home.

Now all these service jobs are roaring back. These are the Mc-Jobs of the economy. Low wage.

Creating low wage jobs has been the normal for the US economy. The recovery from the pandemic has not changed anything it seemed.

Just seems to me that the pandemic and the following money printing has made the US economic system even more unstable.

Unstable systems usually are not thought as strength.

That is why US allies hedging their bets. They have experience such history. The Americans have no use for history.

The US economy is much more robust than other developed countries. It doesn't hold a candle to China's, but it is king of the Western domain, in terms of both sheer power/size and pandemic recovery/resilience.

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Compared with:

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[FairAndUnbiased]

The US economy is much more robust than other developed countries. It doesn't hold a candle to China's, but it is king of this bunch:

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Mostly because of money printing and harvesting allies money to funnel to the financier class. Middle class is being hammered.

US industrial production down, and even excluding anemic automotive sector only rose 0.3%.

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[Deleted member 15949]

Millennials and boomers are only equal in population proportion. Millennials have 1/10 the wealth of boomers.

In terms of income millennials are underperforming the boomers at equivalent age as well:

No, they aren't. CNBC has sampling errors and in any case, US GDP is far higher

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The inflation adjusted wage growth has also been flat since 2006, from the same article.

Yeah, it's a bad faith use of CPI. Wage adjusted growth has soared

 

[Deleted member 15949]

I do not agree with that, that the US economy is strong.

Economic shocks, are different times compared to normal economic cycles.

There is always a big bounce back from a economic shock, it comes sooner or later.

The pandemic shock wiped out the service industries, because we were told to stay at home.

Now all these service jobs are roaring back. These are the Mc-Jobs of the economy. Low wage.

Creating low wage jobs has been the normal for the US economy. The recovery from the pandemic has not changed anything it seemed.

Just seems to me that the pandemic and the following money printing has made the US economic system even more unstable.

Unstable systems usually are not thought as strength.

That is why US allies hedging their bets. They have experience such history. The Americans have no use for history.

No, the US economy is very stable, has one of the highest income/wage levels in the developed world and the fastest wage growth. This above is just cope

 

[Deleted member 15949]

Mostly because of money printing and harvesting allies money to funnel to the financier class. Middle class is being hammered.

Harvesting allies and money printing are sustainable policies for growth and employment and outperformance. Middle class doing well.

US industrial production down, and even excluding anemic automotive sector only rose 0.3%.

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LOL, don't confuse noise. INDPRO is soaring on a y/y basis

 

[FairAndUnbiased]

No, they aren't. CNBC has sampling errors and in any case, US GDP is far higher



Yeah, it's a bad faith use of CPI. Wage adjusted growth has soared

Ok I guess your personal unsourced opinion is more accurate than a billion dollar corporation with both an army of researchers and incentives to make things look better than they are, yet is forced by their own data to admit that outlook is bleak.

 

[horse]

No, the US economy is very stable, has one of the highest income/wage levels in the developed world and the fastest wage growth. This above is just cope

The stuff you point to, that seems to me to be all fake.

The cost of living increased in the United States, and so did the wage level.

Usually that is though of having a net zero effect on actual wages.

You make it sound like the 99% is finally gaining on the 1%.

 

[2handedswordsman]

Harvesting allies and money printing are sustainable policies for growth and employment and outperformance. Middle class doing well.

LOL, don't confuse noise. INDPRO is soaring on a y/y basis

LOL ok, continue with your fairytale, it's amusing. Next chapter is that USA managed covid better than anyone. Most people here are well educated and deep thinking, so just quit the psy-ops and set a proper discussion. As i learnt yesterday by legit source, a chicken thigh costs about 35 bucks in DC. Here in Europe it's about 5 euros . Good luck with the "soaring economy" of money printing. I don't wish US economy to collapse because many people across USA and the whole world will suffer...but this joke must end, and USA must get serious and put its deep know-how and productive powers in use. Α bum nation is a condemned nation

 

[horse]

The US economy is much more robust than other developed countries. It doesn't hold a candle to China's, but it is king of the Western domain, in terms of both sheer power/size and pandemic recovery/resilience.

We can say that, because that is the truth.

Why Europe seem so stagnant, economically speaking, a real problem.

If we are comparing the Chinese economy and the US economy, the view from Europe, is stark.

Someone like the Germans, the Chinese economy and US economy are almost at par.

However, important differences include that 1) China is already the bigger trader with Germany, and 2) the Chinese economy will double in 15 years making German-Chinese trade doubling in the same 15 years possible, if trade relations are allowed to develop.

China would like to leave the door open, but now they are more firm on having a positive attitude as well for those who walk through that trade door.

Act like a pissant, they the CCP will show them da door!