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Deleted member 15949
Guest
Yeah, which is if you read it, I used the 2019-2021 rate and thus ignored COVID 2020. The US 2019-2021 rate is substantially faster than China's
American Economics Thread
- Thread starter Bernard
- Start date
Cherry picking of articles and headline would not earn you any respect. The truth is the US economy has been deteriorated for a few months already. The massive stimulus and unemployment benefits are running out of steam. Biden huge infrastructure and budget bills and the Fed and the extreme low interest rate are keeping the economy, stock and real estate market going but for how long and at what cost.
U.S. Retail Sales Fell 1.1% in July as Spending Fell Across Categories
@KYli and bro what is scary is that they don't care about us, the rest of the world, they try to export their problem to us. But I have hope during 2008 crisis the world share the burden, now they're wiser and China will insulate itself and focus on its BRI project rather than help an ungrateful US.
manqiangrexue
Brigadier
America's economy and technology are all booming like mad! Skyrocketing! (Neither of these terms are solidly defined, but) any better and they'll almost be able to see China's ass moving ahead of them in a league of its own LOL.
They've got consumption growing as people spend their printed money but when it's all tallied, they were growing slower than China before COVID, got hit harder by COVID, and then recovered slower than China from the COVID shutdowns. To get even this much, in a desperate effort to keep pace as best they can with China, the US government knowingly endangered and are still endangering everyone's lives from Delta variant while China runs rationally and calmly keeping everyone safe.
So anybody can use any terms they want; they can say, "Japan pulls off economic miracle as its booming economy rallies to only a 3% recession this year, far ahead of expectations," and "China's economy sputters out of steam and barely manages just 8% growth, far below initial estimates," but these descriptive words don't mean anything compared to real GDP growth numbers.
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Deleted member 15949
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Forever. QE went on for 10 years.
Okay? The UMich consumer sentiments index isn't predictive.
Yep. -1.1% M/M but +13.2% Y/Y.
Stocks go down? Horrific. /s
The US economy expanding 12% Y/Y? Horrific. /s
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Deleted member 15949
Guest
Actually, no. Retail sales on a 2019-2021 CAGR basis have higher growth in the United States than in China, even though the US base was larger.
No one cares about Delta, esp. with vaccines. China is sabotaging its own economy.
At 8% growth for China and 6% growth for the United States, the GDP gap between the US and China widens in favor of the US in 2020 (plus China is shutting down for the Delta flu while the US, rightfully, is not)
Er?! How does that works? If I'm running at 8 miles per hour and you're running at 6 miles per hour. According to you I'm not eher going to catch you up even though I'm running faster!
You're a sleepystudent indeed. You're making yourself look silly here. Have you actually got a degree in economics?