American Economics Thread

[hullopilllw]

The theory that bitcoin and cryptocurrencies as another store of liquidity for the US Dollar appears plausible:

https://twitter.com/i/web/status/1450990085671821313

Rather obvious now with several US owned platforms like Square Inc, Robinhood, Coinbase officially sanctioned to trade cryptos.

The few trillions in market cap are literally backed by hype and born out of the air.

Chinese gov is smart to stop wasting energy to sustain the cost of extending the dollar monetary hegemony. US T bonds got dumped last year in March when equity market tanked, the first time in history US bond market run contrary to public equity. They need a new medium to soak up the liquidity.

Blockchain though is a totally different story.

 

[Tam]

Bitcoin is almost at 65k now at this moment.

 

[9dashline]

Rather obvious now with several US owned platforms like Square Inc, Robinhood, Coinbase officially sanctioned to trade cryptos.

The few trillions in market cap are literally backed by hype and born out of the air.

Chinese gov is smart to stop wasting energy to sustain the cost of extending the dollar monetary hegemony. US T bonds got dumped last year in March when equity market tanked, the first time in history US bond market run contrary to public equity. They need a new medium to soak up the liquidity.

Blockchain though is a totally different story.

Bitcoin is an extension of petrodollar... so ran out of gold use oil, out of oil use magic pixie dust... Too bad China gov saw this a hypersonic mile away

Please, Log in or Register to view URLs content!

 

[Tam]

 

[9dashline]

Gold will probably always have value, but in the long run bitcoin is almost certain to go to zero

 

[Fedupwithlies]

I'm gloating a bit here but in my post here: Chinese Economics Thread

I said "... meanwhile fat cats in their private jets and private yachts cut health benefits and watch their stock prices go ever upward,..."

and here it is:

Please, Log in or Register to view URLs content!

while their stock: +75.29 (28.13%) year to date
and up a lot more since covid started.

Called it.

 

[xypher]

Atlanta Fed GDPNow estimates 0.5% GDP growth (annualized) in Q3. Source:

Please, Log in or Register to view URLs content!

.

Edit: whoops, did not see that it was reported on the previous page, apologies.

 

[Fedupwithlies]

@hashtagpls @FairAndUnbiased

About a month ago we had a conversation about phD bioengineering students being called to help in the hospitals, and the general collapse of the American healthcare system.

(here: American Economics Thread)

But unfortunately I wasn't able to find any articles about it at the time.

I recently came across this article from Nov 2020 that does mention it, and the timeline is about right as well:

Please, Log in or Register to view URLs content!

The article is mostly about the shortage of doctors and nurses and how burnt-out they're being, but one line

"Some hospitals are turning to local dentists and Red Cross volunteers, and people with basic health experience to help with tasks that require less training, said the American Hospital Association’s Foster."

is what I was saying. I guess its not explicitly talking about students, but most hospitals won't have access to phD students anyways, only research hospitals, and not all hospitals are doing so either.

Jesus, its one line in a very industry-specific website. Nothing from the mainstream media. But there it is.

I also found this thread on a City-specific reddit subreddit.

https://www.reddit.com/r/vancouver/comments/qc9gwq
I haven't found any reporting in the media about this (at least, after about 1 minute's search, so I didn't look too hard) so the mainstream media isn't reporting about what's happening on the ground.

Just for interest, this is the article i was reading before stumbling upon the Nov2020 article:

Please, Log in or Register to view URLs content!

 

[Dolcevita]

@hashtagpls @FairAndUnbiased

About a month ago we had a conversation about phD bioengineering students being called to help in the hospitals, and the general collapse of the American healthcare system.

(here: American Economics Thread)

But unfortunately I wasn't able to find any articles about it at the time.

I recently came across this article from Nov 2020 that does mention it, and the timeline is about right as well:

Please, Log in or Register to view URLs content!

The article is mostly about the shortage of doctors and nurses and how burnt-out they're being, but one line

"Some hospitals are turning to local dentists and Red Cross volunteers, and people with basic health experience to help with tasks that require less training, said the American Hospital Association’s Foster."

is what I was saying. I guess its not explicitly talking about students, but most hospitals won't have access to phD students anyways, only research hospitals, and not all hospitals are doing so either.

Jesus, its one line in a very industry-specific website. Nothing from the mainstream media. But there it is.

I also found this thread on a City-specific reddit subreddit.

https://www.reddit.com/r/vancouver/comments/qc9gwq
I haven't found any reporting in the media about this (at least, after about 1 minute's search, so I didn't look too hard) so the mainstream media isn't reporting about what's happening on the ground.

Just for interest, this is the article i was reading before stumbling upon the Nov2020 article:

Please, Log in or Register to view URLs content!

The media is progressively turning into Jai-Hind. Perhaps India has supapawa influence in delusional denial after all.

 

[BoraTas]

Imagine if China did this.

https://twitter.com/i/web/status/1451919195562815488