Equation
Lieutenant General
US consumer spending meaning China economy still rising with more export in both goods and services. And that's just the start.
American Economics Thread
- Thread starter Bernard
- Start date
The wave is fast approaching, tsunami proportions.
Meanwhile the traitor white anglo merchant class are agitating for deals with China away from the natsec faction and threatening the racial holy war that would (supposedly) redeem anglo american white dominance of the planet.
Last edited:
I have stopped paying my income taxes this year
Here is what Sleepy isn't telling everyone
American small business (<50 people) all but cratered and real job prospects are dim and fading fast
Consumer spending like this isn’t going to make up for the fact that the USA only consumes, they do not make things and sooner or later in the event that the supply dries up and the nation cannot purchase goods from other countries like they once did, the USA will be in a lot of trouble, on an existential level. Coupled with the recent disaster in New Orleans from the hurricane just recently, the USA is going to press their supply chains to the limit just to function.
All those reforms your are suggesting can only have benefits years down the track, not straight away which is what is needed right now. So their is no where to go but down for the USA in the short term and if Biden doesn’t stop with the war mongering and start cutting the budget down so that they can save up the money to pay for what is really need for the people, well it won’t take much for a mad Max scenario to occur given the rise in inflation and the decrease of food stocks in the super markets.
China is a net importer of US services and most of the US economy is nontraded sectors. And US industrial production is growing.US consumer spending meaning China economy still rising with more export in both goods and services. And that's just the start.
Attachments
-
fredgraph (1).png
Sure thing, it's not like the US manufactures $2 trillion of output per year, substantially in chemicals, aircraft, and semicon (while China doesn't even have aircraft and semiconductors). The US makes things China can't and/or doesn't.
Louisiana is <2% of US GDP. NOLA is even smaller.
The US economy is growing at 6% this year. That's called "up".
Attachments
-
fredgraph (2).png -
nondurable.PNG -
durable.PNG
If SMEs were doing poorly, there wouldn't be a labor shortage and substantial private sector savings
ADP is always wrong.
Those services can replaced for one and in regards to the growth of the industrial production, just how great is the growth when the number of jobs provided is a lot less then the jobs that are actually lost.
Also please take a look at all the tent cities in the USA, particular in California and Chicago to see just how poorly the entire economy have been handled by each succeeding administration.
The so called labor shortage is due to diminishing EROEI and America running out of Energy Slaves
Now they have to import waves of undocumented immigrants, Tom Cotton saying America needs to lock up far more people in its prison system (read 13th amendment allows slave labor for convicts, 40 cents per hour if they are lucky) but these are not sustainable strategies in the long run.... CRT will rip this nation apart.... this is the stuff that civil wars are made of....