American Economics Thread

vincent

vincent

Grumpy Old Man
Staff member
Moderator - World Affairs
Tam said:
Going back to the S&P 500 and why its a false argument against any financial manager.

The S&P 500 constantly changes, based on past performance, not future ones. Companies that don't perform gets kicked out. New companies that performed, gets listed in. The list constantly changes. S&P 500 in the year 2000 is not the same list as the S&P 500 in the year 2020. If you have invested in companies in S&P 500 listed in the year 2000 you would have lost severely---only six to seven companies from the list in 2000 is still with us today in 2020. It therefore is not a good predictor of future performance, the companies you invested in 2021 may not be in the S&P 500 list in 2031.
Click to expand...
Survivor bias
 
DarkStar

DarkStar

Junior Member
Registered Member
biden will drop the tariffs sooner or later; kerry is flying into China to hammer out the details; the american ppl cannot abide long term hyperinflation and will need Chinese goods to prevent riot and revolution.

See now, what white supremacists in washington have wrought! the anglos are being humbled as we speak, and the Jai Hinds are not far behind.
 
O

Overbom

Brigadier
Registered Member
DarkStar said:
biden will drop the tariffs sooner or later; kerry is flying into China to hammer out the details; the american ppl cannot abide long term hyperinflation and will need Chinese goods to prevent riot and revolution.

See now, what white supremacists in washington have wrought! the anglos are being humbled as we speak, and the Jai Hinds are not far behind.
Click to expand...
They might actually avoid some of the inflation due to the economy slowing down by all the closeures due to the Delta variant surging in around the world.

There was an article in Asia Times talking about it. We will see what happens in the end
 
S

SilentObserver

Junior Member
Registered Member
sinophilia said:
It'll only crash when the world stops funding them. I still think they have a few years before that happens. There may be stock market corrections and large slowdown in growth but I wouldn't call that a crash.

Could be a decade or more until they crash to Latin American levels.
Click to expand...
I see it being unlikely for the US to become similar to Latin America in the foreseeable future. America along with other Anglo and Northern European nations has a more productive culture compared to Latin countries. There is a rigid sense of time just like in Confucian based cultures. In business etiquette we learned to give 30 minutes leeway to someone from a Latin country for a given appointment/meeting. Some countries would even require hours of leeway.

It's a pattern Jin Cairong pointed out as well. Certain countries are able to industrialize better than others due to their cultural traits.
 
S

sinophilia

Junior Member
Registered Member
SilentObserver said:
I see it being unlikely for the US to become similar to Latin America in the foreseeable future. America along with other Anglo and Northern European nations has a more productive culture compared to Latin countries. There is a rigid sense of time just like in Confucian based cultures. In business etiquette we learned to give 30 minutes leeway to someone from a Latin country for a given appointment/meeting. Some countries would even require hours of leeway.

It's a pattern Jin Cairong pointed out as well. Certain countries are able to industrialize better than others due to their cultural traits.
Click to expand...

The population is changing, in culture and demography. America is 58% White. What do you think that number will be in 2030? 2040?
 
horse

horse

Colonel
Registered Member
SilentObserver said:
I see it being unlikely for the US to become similar to Latin America in the foreseeable future. America along with other Anglo and Northern European nations has a more productive culture compared to Latin countries. There is a rigid sense of time just like in Confucian based cultures. In business etiquette we learned to give 30 minutes leeway to someone from a Latin country for a given appointment/meeting. Some countries would even require hours of leeway.

It's a pattern Jin Cairong pointed out as well. Certain countries are able to industrialize better than others due to their cultural traits.
Click to expand...

Apparently the average life expectancy of the white male in America is in decline.

The main reason for that is drug overdoses.

Please, Log in or Register to view URLs content!


Say what we will about the Puritan work ethic, it still cannot prevent the lack of good stable high paying jobs, and the temptation to succumb to drugs.

Marijuana is legal in maybe half of the American states. People are stoned.

Seems to me these younger generations are more into getting stoned that the Puritan work ethic.
 
Fedupwithlies

Fedupwithlies

Junior Member
Registered Member
Please, Log in or Register to view URLs content!

Mass evictions may be incoming in the US. Unemployment aid is also getting cut in September I've heard. A lot of desperate people in the US soon, with Delta on the rise. Wonder how that will bode for the market.
 
You must log in or register to reply here.
Top