American Economics Thread

[Deleted member 15949]

Actually, no. Reading comprehension fail. I said, all added up, China's economy is growing faster. Simply focusing on one facet, America's last facet, reliant on government handouts and money-printing, while China has many drivers of real growth, doesn't show the big picture, which GDP does.

Yes, China was growing faster except for in 2Q2021 and 3Q2021 .

Vaccines, especially Western vaccines, have a poor track record against Delta. Both American cases and deaths are on the rise again causing another wave. This statement shows how ignorant and biased you are.

Please, Log in or Register to view URLs content!

It's because no one cares to get the vaccine because America is a wealthy country where politics can be culture wars

China moves faster in safe mode during shut downs than the US does even with total disregard to people's lives. Read the charts: America was growing at a slower rate than China before the pandemic (~2.4% vs ~6%), took a bigger dive from COVID's initial strike than China (-9.1% vs -6.8%), stayed in recession for longer (3 quarters to 1 quarter, and that's being nice to the US because China went right in and right out in that 1 quarter while the US had 2 more quarters on top of its 3 recession quarters before and after its recession that recorded 0.5-0.6% "growth" which is basically a flatline), then recovered more sluggishly than China (12.2% peak from a -9.1% low vs 18.3% peak from a -6.8% low). You could not rebut these charts last time and you cannot rebut them this time either. This is the big picture and there is no micro-data that you can show that would overturn this.

Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!

yeah, nope, not denying any of that. My point is very simple. Money printing and living with COVID are good economic policies that should be pursued and because the US is pursuing such prudent economic policies, the US is experiencing a few quarters of faster growth than China coupled with an overheating labor market with shortages and sustainable >2% RGDP growth

 

[manqiangrexue]

Yes, China was growing faster except for in 2Q2021 and 3Q2021 .

Yeah, no. You need to learn to read charts. You're not fooling anyone by being wrong on the same issue and insisting on it. Q2 2021 China displayed its major recovery going from -6.8% to 18.3%. America displayed this in Q3 2021, where it went from -9.1% to 12.2%. China on top all the way there. Then, Q3 2021 for China is a return to normal growth, putting on 7.9% from 3.2%. I don't know why you picked Q2 2021 for the US; it was horrible. It was 0.5% from 0.6% of last year; basically, it's the US falling out of bed trying to get up. All numbers in these quarters indicate faster Chinese growth.

It's because no one cares to get the vaccine because America is a wealthy country where politics can be culture wars

Cultural wars are very bad for America's pandemic reaction but they're not the only part. Don't make up your own excuses and go look at the scientific data for vaccine efficacy. Hell, a simple Google for "Vaccine Delta efficacy" will show you that they don't work well.

yeah, nope, not denying any of that. My point is very simple.

And very wrong.

Money printing and living with COVID are good economic policies that should be pursued and because the US is pursuing such prudent economic policies, the US is experiencing a few quarters of faster growth than China coupled with an overheating labor market with shortages and sustainable >2% RGDP growth

I have shown that the US has at no comparable quarter done better than China. America's actions of pretending that a pandemic doesn't exist and then going to political war over it has kneecapped its own economy while China's prudent approach of safety first has led to faster growth and economic performance in every comparable quarter against the US by far.

 

[Deleted member 15949]

Yeah, no. You need to learn to read charts. You're not fooling anyone by being wrong on the same issue and insisting on it. Q2 2021 China displayed its major recovery going from -6.8% to 18.3%. America displayed this in Q3 2021, where it went from -9.1% to 12.2%. China on top all the way there. Then, Q3 2021 for China is a return to normal growth, putting on 7.9% from 3.2%. I don't know why you picked Q2 2021 for the US; it was horrible. It was 0.5% from 0.6% of last year; basically, it's the US falling out of bed trying to get up. All numbers in these quarters indicate faster Chinese growth.

Hilarious
2Q2021
United States: +12.2%
China: +7.9%

3Q2021 (f)
United States: +8% (ish)
China: +6/7% (ish)

Cultural wars are very bad for America's pandemic reaction but they're not the only part. Don't make up your own excuses and go look at the scientific data for vaccine efficacy. Hell, a simple Google for "Vaccine Delta efficacy" will show you that they don't work well.

Yeah, it works in preventing deaths. Now people are going to have flu like symptoms. horrific

I have shown that the US has at no comparable quarter done better than China.

You've shown you can't count to 12.

America's actions of pretending that a pandemic doesn't exist and then going to political war over it has kneecapped its own economy while China's prudent approach of safety first has led to faster growth and economic performance in every comparable quarter against the US by far.

2Q2021, the United States was faster; 3Q2021 the United States will be faster; US youth unemployment is lower than China's youth unemployment. China isn't prudent. It's just murdering its hospitality industry for no health reasons given that COVID is the flu (with vaccines). China has permanetely sabotaged growth if you look at GDP levels forecast in 2019 vs 2021 while the US is even outgrowing forecasts made in 2019. US money printing + not locking down means the tightest labor markets, the fastest growth and a booming hospitality sector (and improved fiscal health because old people are getting kicked off social security)

 

[Overbom]

Now people are going to have flu like symptoms. horrific

No. Covid also causes long term health problems. This could easily blow up US's healthcare costs in the future

 

[manqiangrexue]

Hilarious

It's actually more like painful talking to someone who's reading comprehension doesn't function.

2Q2021
United States: +12.2%
China: +7.9%

I can't help that you're too stupid to read and comprehend. Everyone else here understands from the multiple times that you are comparing wrong quarters. Q2 2021 is China's post-recovery quarter and it is off of a +3.2% while 12.2% is America's peak quarter off of a -9.1%. These are year on year, not quarter on quarter!

3Q2021 (f)
United States: +8% (ish)
China: +6/7% (ish)

Ish my ass. Show me the source, or we wait for them to be updated into charts. I don't know if these numbers are quarter on quarter, year on year, imagined, etc... Q3 isn't even over yet; it's August! Are you going off of predictions?? For year on year, I expect the US to be "ahead" again in Q3 because they are comparing to Q3 2021, which is a recession number while China's growth is already on top of growth.

Yeah, it works in preventing deaths. Now people are going to have flu like symptoms. horrific

Read up on the after effects of COVID. Long term organ damage, brain oxygen deprivation resulting in lowered IQ. Athletes that now need walkers to get around. Once again, your ignorance will not win a debate.

Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!

You've shown you can't count to 12.

But I can count to 18.3 though, right? LOL You've shown that you can't read words or charts and you're so far behind, you can't even be brought up by explanations. You won't judge this debate with your ignorance; everyone else will.

2Q2021, the United States was faster;

False, as proven. Growing from a ditch compared to China growing on growth means that China's still on top.

3Q2021 the United States will be faster;

False again because the US is still growing from a ditch quarter but the numbers can look that way to untrained people who can't read charts.

US youth unemployment is lower than China's youth unemployment.

Micro-data pales in comparison to large trends data. China's youth employment is young STEM graduates looking for engineering jobs; America's youth employment is MacDonald's and Walmart.

China isn't prudent.

You say it isn't; you can't read words or charts. We say it is; we do both efficiently. You lose.

It's just murdering its hospitality industry for no health reasons given that COVID is the flu (with vaccines).

It's only that if managed well, as China does. In countries that cannot, like the US, you see once again rising death rates and infection rates alongside rising vaccination rates. Let that sink in for a second: rising deaths, hospitalizations, and infection alongside rising vaccination rates. What does that mean? The vaccines are ineffective. You sound like you went to Trump University.

China has permanetely sabotaged growth if you look at GDP levels forecast in 2019 vs 2021 while the US is even outgrowing forecasts made in 2019.

First of all, nobody knows where your "permanent" remark comes from except your wishful imagination as nothing is permanent with China's recovery the fastest in the world. And secondly, the US forecast made in 2019 didn't even make sense; they had no idea where the economy was headed as it was in major recession, so it's basically like saying that a coma patient woke up in 8 months instead of 10, beating forcasts while a track athlete improved his 100 meter time from 9.9s to 9.8s, which is behind forecasts of 9.75 seconds.

US money printing + not locking down means the tightest labor markets, the fastest growth and a booming hospitality sector

Fastest in the West. Too far behind China to even catch the dust.

(and improved fiscal health because old people are getting kicked off social security)

And young people being turned into dysfunctional beings with lower IQ and organ damage. I'm sure that won't be a huge medical burden down the road; no big deal LOL

 

[LesAdieux]

China isn't going to be growing at 7% in the next decade at RGDP terms. Using NGDP, intersection is sometime in the early 2030s

China's GDP will overtake that of the US before 2025, 6% growth is enough. I'm willing to put a bet on that.

you've been taunting the strength of the US economy since you came here. I don't think you are going to hang on too long over here, I'll give you short bets: if fed can keep printing till the end of the year, you win; if the US growth hits above 5%, thats 1.5% over two years, or 0.75% annual, you win.

at the end of Q2, the rolling sum of past four quarters of China's GDP was 109RMB, at 6.5 to the dollar, that's $16.77t, it should be above 17.5t for 2021.

 

[Overbom]

you've been taunting the strength of the US economy since you came here. I don't think you are going to hang on too long over here, I'll give you short bets: if fed can keep printing till the end of the year, you win;

No need to bet with him as just yesterday the FED started making noises about "winding down" their printing Lol

Please, Log in or Register to view URLs content!

A majority of Federal Reserve officials believe the US central bank could start withdrawing a massive pandemic stimulus programme later this year, according to a record of their latest meeting.
Minutes from the July meeting of the Federal Open Market Committee showed that officials had accelerated discussions on an eventual end to the $120bn-a-month asset purchase programme that has been in place since the onset of the Covid-19 economic crisis.

 

[Deleted member 15949]

No need to bet with him as just yesterday the FED started making noises about "winding down" their printing Lol

Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!

 

[Deleted member 15949]

I can't help that you're too stupid to read and comprehend. Everyone else here understands from the multiple times that you are comparing wrong quarters. Q2 2021 is China's post-recovery quarter and it is off of a +3.2% while 12.2% is America's peak quarter off of a -9.1%. These are year on year, not quarter on quarter!

Yeah and the US is growing faster Y/Y b/c of money printing and not giving a fuck about the flu.

Ish my ass. Show me the source, or we wait for them to be updated into charts. I don't know if these numbers are quarter on quarter, year on year, imagined, etc... Q3 isn't even over yet; it's August! Are you going off of predictions?? For year on year, I expect the US to be "ahead" again in Q3 because they are comparing to Q3 2021, which is a recession number while China's growth is already on top of growth.

Normal Chinese quarter is 6% but interpolate a 6% US Q/Q SAAR and that amounts to ~8% Y/Y growth rates except China is going to have falling trade (from all the port backlogs), nonsensical COVID restrictions, flooding, electricity shortages, and the US is just going to keep booming, esp. as infrastructure and social spending is going to come down the pipeline. The US is going to be growing faster on a Y/Y basis than China from 2Q2021 for a few quarters. Suck it, not my fault China doesn't print money and killed its hospitality sector

Read up on the after effects of COVID. Long term organ damage, brain oxygen deprivation resulting in lowered IQ. Athletes that now need walkers to get around. Once again, your ignorance will not win a debate.

Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!

But I can count to 18.3 though, right? LOL You've shown that you can't read words or charts and you're so far behind, you can't even be brought up by explanations. You won't judge this debate with your ignorance; everyone else will.

False, as proven. Growing from a ditch compared to China growing on growth means that China's still on top.

Except China's in the relative ditch. 20 vs 14.

Micro-data pales in comparison to large trends data. China's youth employment is young STEM graduates looking for engineering jobs; America's youth employment is MacDonald's and Walmart.

US college attainment rates are higher than China's and even then, the US has lower youth unemployment.

It's only that if managed well, as China does. In countries that cannot, like the US, you see once again rising death rates and infection rates alongside rising vaccination rates. Let that sink in for a second: rising deaths, hospitalizations, and infection alongside rising vaccination rates. What does that mean? The vaccines are ineffective. You sound like you went to Trump University.

Ecological fallacy, what is that?

First of all, nobody knows where your "permanent" remark comes from except your wishful imagination as nothing is permanent with China's recovery the fastest in the world. And secondly, the US forecast made in 2019 didn't even make sense; they had no idea where the economy was headed as it was in major recession, so it's basically like saying that a coma patient woke up in 8 months instead of 10, beating forcasts while a track athlete improved his 100 meter time from 9.9s to 9.8s, which is behind forecasts of 9.75 seconds

LMAO, the US economy was growing in all quarters of 2019.

Fastest in the West. Too far behind China to even catch the dust.

Capital formation vs. TFP. Tell me more.

And young people being turned into dysfunctional beings with lower IQ and organ damage. I'm sure that won't be a huge medical burden down the road; no big deal LOL

Long COVID is news faker than the lab leak.

 

[manqiangrexue]

Yeah and the US is growing faster Y/Y b/c of money printing and not giving a fuck about the flu.

Yeah, that's not the conclusion of people who can read. The US was not growing faster (than China); it drove itself into a ditch thinking that a global pandemic is only a flu. Then it learned, it shut down, but too little too late.

Normal Chinese quarter is 6% but interpolate a 6% US Q/Q SAAR and that amounts to ~8% Y/Y growth rates except China is going to have falling trade (from all the port backlogs), nonsensical COVID restrictions, flooding, electricity shortages, and the US is just going to keep booming, esp. as infrastructure and social spending is going to come down the pipeline.

It'll keep trying to recover but always be slower than China, as it has been.

The US is going to be growing faster on a Y/Y basis than China from 2Q2021 for a few quarters.

To people who can't read charts and doesn't understand that a recovery slope cannot be compared to a normal slope.

Suck it, not my fault China doesn't print money and killed its hospitality sector

I'm enjoying watching China's economy grow at the fastest pace in the world. Your teachers can suck it because they didn't teach you to read or understand charts...

Except China's in the relative ditch. 20 vs 14.

That's not a ditch; that's a long term growth trend beginning with China coming out of a wartorn state from WWII and its civil war. China's GDP has been outpacing America's in modern times; 15 years ago, it was like 3 to 14; now it's more like 16.5 to 21.

US college attainment rates are higher than China's and even then, the US has lower youth unemployment.

China's STEM graduates are (much) higher. Like I said, American youth graduate with degrees in communication and head off to Walmart while Chinese youths graduate in machine learning try to get jobs at engineering firms.

Ecological fallacy, what is that?

Something that has nothing to do with this debate.

LMAO, the US economy was growing in all quarters of 2019.

My bad this time. I thought you meant 2020. How did you figure that the US outperformed its 2019 predictions? Is it because you were erroneously comparing recovery peaks to normal growth trends (wow! 12.2%! Nobody in 2019 would have thought that!) again? If you multiply the growth peaks (for example, 2020 Q2 -9.1% times 2021 Q2 12.2% = 2.1% growth over 2 years), you would certainly see some very low points for the US and I doubt they would have predicted such poor performance in 2019.

Capital formation vs. TFP. Tell me more.

OK, I'll just let you read this again. I can't think of how to break it down more for you:

"China moves faster in safe mode during shut downs than the US does even with total disregard to people's lives. Read the charts: America was growing at a slower rate than China before the pandemic (~2.4% vs ~6%), took a bigger dive from COVID's initial strike than China (-9.1% vs -6.8%), stayed in recession for longer (3 quarters to 1 quarter, and that's being nice to the US because China went right in and right out in that 1 quarter while the US had 2 more quarters on top of its 3 recession quarters before and after its recession that recorded 0.5-0.6% "growth" which is basically a flatline), then recovered more sluggishly than China (12.2% peak from a -9.1% low vs 18.3% peak from a -6.8% low). You could not rebut these charts last time and you cannot rebut them this time either. This is the big picture and there is no micro-data that you can show that would overturn this."

Long COVID is news faker than the lab leak.

This is your answer to the Mayo Clinic's findings and a paper published in Nature?? Do you have any idea the reputation of these 2 institutions? LOLOL Your denial is more pathetic than the US withdrawl from Afghanistan.