American Economics Thread

[manqiangrexue]

it's seasonal adjusted, ppl got Christmas every year, no impact here.

But people spent a whole lot less on Christmas last year due to COVID. Many people are going all out with decorations, etc... this year.

 

[AssassinsMace]

You know what they would call this if it were happening in China...? Ghost buildings. It's exactly what's happening in China that the West claims will doom China but instead of countries, it's happening to cities but they see nothing wrong when they do it as opposed to when it happens in China.

 

[Equation]

You know what they would call this if it were happening in China...? Ghost buildings. It's exactly what's happening in China that the West claims will doom China but instead of countries, it's happening to cities but they see nothing wrong when they do it as opposed to when it happens in China.

I remember BM1 did a video a year ago about why the Shanghai Tower was a "failure" because it was 1/3 empty. And now this happens to NYC Billionaire's Row and they made the video narrative differently than from the Shanghai Tower. They basically sugar coat it.

 

[FairAndUnbiased]

US GDP numbers have no connection to reality anymore just like the US stock market.

Shelfs are empty, nowhere to go with nothing to buy. Real inflation was at least 15% this year across the board as a minimum, yet average salary increase was maybe 4%. Minimum wage the same $7.25 its been since 2009

Even the dollar store is now the 1.25 dollar store...

Its more like the US real eCONomy shrank by 6%

This is the real deal. The reality is, for all of Tesla and SpaceX and all that shit, the core of the US economy is consumerism. It is Karen suburban moms buying useless toys to shut up their little brats while Kent dads sulk in the garage thinking they're a big man driving around in a pristine Chevy Silverado.

When consumer goods, real estate and gas prices rise, it doesn't matter what else happens for 99% of the population, they feel it is shit.

Of course, and WMT/AMZ conni- I mean, providing highly value added services of import, export, customs, logistics, distribution, datamini- did I make a mistake again? I meant... Caring greatly about their customers on a personal level.

 

[reservior dogs]

Here is a perspective from Lacy Hunt about the longer term impact of high national indebtedness. He believe we will have not high inflation but disinflation and potentially deflation.

 

[NiuBiDaRen]

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Been seeing girls wearing showy clothing a lot this year

 

[Strangelove]

 

[gadgetcool5]

https://twitter.com/i/web/status/1473121371970412544

The US-China alliance against Chinese companies is working.

 

[manqiangrexue]

https://twitter.com/i/web/status/1473121371970412544

The US-China alliance against Chinese companies is working.

But unfortunately, your education is not

We all understand that Chinese tech companies should be about tech and benefitting China while you continue to pretend that money and foreign investors (and thus foreign influence) is what matters.

 

[Overbom]

https://twitter.com/i/web/status/1473121371970412544

The US-China alliance against Chinese companies is working.

Lol. gadgetcool5, Gordon Chang's junior brother, please explain what is the difference between the stock market and real production in the real world.

I am waiting