American Economics Thread

[Overbom]

Berkshire Hathaway haven't been doing that well. I own a couple of shares and they have not beaten most of my other stocks/ETFs. It's good if you are ready to retire and want it as a safe haven

They are mostly seen as guaranteeing your money will grow, albeit at a lower rate than their competitors, but most importantly that they will ensure that your money is safe whatever happens. That means, in financial crisis, black swan events, you can sleep well knowing your money is safe

Thats why the ultra rich are putting their money there

 

[PiSigma]

They are mostly seen as guaranteeing your money will grow, albeit at a lower rate than their competitors, but most importantly that they will ensure that your money is safe whatever happens. That means, in financial crisis, black swan events, you can sleep well knowing your money is safe

Thats why the ultra rich are putting their money there

I know. That's why I said it's a safe haven. But covid actually impacted it quite a bit as well. Good for low risk retirement investing

 

[Gatekeeper]

I know we shouldn't take one month data and draw conclusion from it. But since sleepy does it all the time, and he's now locked up. I thought I better post this while he's being banged up. Lol​

Headline from WSJ.

The U.S. Expected an Economic Takeoff. It Got a September Slowdown.​

Delta variant undoes expectations; hiring and consumer spending slow in the face of fresh uncertainty​

By Eric Morath and Theo Francis
Sept. 7, 2021 11:29 am ET

The U.S. economy is facing a slowdown in September,

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.
Earlier this summer, many economists saw the week of Labor Day as the moment when the

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.

 

[siegecrossbow]

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[emblem21]

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On that day, most of the USA will be basically dealing with the fallout of this defaulting rather then a war with anyone else. I wonder what it will take for the USA to finally focus most of its attention on the nation instead of enriching the MIC or maybe that is a stupid thing to ask because when was the last time the USA gave a crap about their own citizens

 

[Tyler]

Just hike the rmb by 5%, and see how these people react.

 

[B.I.B.]

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On that day, most of the USA will be basically dealing with the fallout of this defaulting rather then a war with anyone else. I wonder what it will take for the USA to finally focus most of its attention on the nation instead of enriching the MIC or maybe that is a stupid thing to ask because when was the last time the USA gave a crap about their own citizens

On the other hand, at the 11th hour, Congress and the Senate will agree to lift the debt levels thus avoiding a default.

 

[Gatekeeper]

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On that day, most of the USA will be basically dealing with the fallout of this defaulting rather then a war with anyone else. I wonder what it will take for the USA to finally focus most of its attention on the nation instead of enriching the MIC or maybe that is a stupid thing to ask because when was the last time the USA gave a crap about their own citizens

On the other hand, at the 11th hour, Congress and the Senate will agree to lift the debt levels thus avoiding a default.

Please make of this what you will.

AS FORWARDED TO ME :

Yesterday , the Chairperson of the Reserve Bank of USA , Yelen , who is like our Governor of Central Bank , quietly and without any fanfare flew to Beijing , China to have unofficial discussion on monetary matters ! What is actually the urgent matter is everybody’s guess . But officially Yelen announced that the US Treasury is running out of Cash ! Yes , Cash !!! And she indicated that if Congress does not increase the limit of loans the Govt is allowed to raise , there is no money to spend by November this year . In short , the US Govt is broke ! And needs to borrow more or print more money !!! But why the trip to China ??? On record , China has Foreign Reserves of equivalent to USD 3.2 Trillions !!! Of this about USD 1.4 Trillion in US Dollars or USD IOU Notes ! I suspect the Redemption Dates of some of the IOU Notes are due and the interest on other IOUs needs to be paid on the due dates .These payments perhaps need some negotiations as US is short of funds !!!??? Can you imagine that ??? If this is the situation , the powerful ,rich and master of the world nation is broke ! It actually owes everybody else some USD 28 Trillions if I am not mistaken . And they need to spend some USD 3+Trillions more under the forthcoming domestic infrastructure repairs , and improvements programme ! The signs are bad ! China has become the Ah Long (Money) lender now to USA !!!

 

[Overbom]

Virgin Inflation: official data very low rent inflation
Chad Inflation: real data very high rent inflation

tRAnsiTorY!

 

[BrightFuture]

Please make of this what you will.

AS FORWARDED TO ME :

Yesterday , the Chairperson of the Reserve Bank of USA , Yelen , who is like our Governor of Central Bank , quietly and without any fanfare flew to Beijing , China to have unofficial discussion on monetary matters ! What is actually the urgent matter is everybody’s guess . But officially Yelen announced that the US Treasury is running out of Cash ! Yes , Cash !!! And she indicated that if Congress does not increase the limit of loans the Govt is allowed to raise , there is no money to spend by November this year . In short , the US Govt is broke ! And needs to borrow more or print more money !!! But why the trip to China ??? On record , China has Foreign Reserves of equivalent to USD 3.2 Trillions !!! Of this about USD 1.4 Trillion in US Dollars or USD IOU Notes ! I suspect the Redemption Dates of some of the IOU Notes are due and the interest on other IOUs needs to be paid on the due dates .These payments perhaps need some negotiations as US is short of funds !!!??? Can you imagine that ??? If this is the situation , the powerful ,rich and master of the world nation is broke ! It actually owes everybody else some USD 28 Trillions if I am not mistaken . And they need to spend some USD 3+Trillions more under the forthcoming domestic infrastructure repairs , and improvements programme ! The signs are bad ! China has become the Ah Long (Money) lender now to USA !!!

How reliable is this information? Also, if it's true, will China cave in and lend them money? In my opinion, after all lies and harm the US has done to China (Uighur genocide, Hong Kong, etc), the US should be left to rot, they don't deserve any mercy.