American Economics Thread

[FairAndUnbiased]

This is why you don't know how to analyze recovery and assume falsely that everything is normal. Before 7.9 was 18.3. This just proves what I said, that recovery growth is much faster than normalized growth... and then there's China being able to afford taking a pause for Omicron while the US is tripping all over itself in panic. We have 2 years of data and you're scared to look at anything other than this Q4 and you ask how you're cherry picking? LOL

Except the dead people's families... and the restaurants that are closing because people don't eat out anymore...

Yeah, live people care.

Right now, the 2 year trends show China way up over 10% combined while the US is at 2%... with massive inflation and nearly a million deaths to China's 4.6K. So... unless something truly wild happens from here on out, I'd say it's not anyone's game anymore. If you're running the 100m and can barely see the other guy's ass, it's not up in the air even if he's not over the finish line yet.

even the statement that nobody in the US cares about omicron is silly. if nobody in the US cares about Omicron how come even the Fed is saying omicron is a contributor to labor shortages and inflation?

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how come labor market still hasn't recovered to prepandemic levels after the steep drop in Q1 2020, despite record money printing? wonder what the commonality between Q12020 and today is... maybe it's a certain pandemic.

 

[CasualObserver]

Don't get me wrong but I feel like people on the economics threads need to be more realistic.

 

[canniBUS]

Economic predictions from an actually competent economist:

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[horse]

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What SleepyStudent was saying was even more bad than usual.

He's like the only person in the entire world who thinks the US economic has momentum and is going up!

No! It is the other way around!

With the expansion of this year in the US, and the inflation, the Fed is raising interest rates, and the political people could not pass their spending bills!

That is money being sucked out of the system!

That means economic growth will slow!

This is a statement of fact, regarding interest rates, and government spending the lack of in this case, which everyone who is an actor in the general economy knows it is going to slow down!

He's just making everything up all by himself/herself by saying economic momentum is pointing up in the United States.

No, no, no.

 

[horse]

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What SleepyStudent was saying was even more bad than usual.

He's like the only person in the entire world who thinks the US economic has momentum and is going up!

No! It is the other way around!

With the expansion of this year in the US, and the inflation, the Fed is raising interest rates, and the political people could not pass their spending bills!

That is money being sucked out of the system!

That means economic growth will slow!

This is a statement of fact, regarding interest rates, and government spending the lack of in this case, which everyone who is an actor in the general economy knows it is going to slow down!

He's just making everything up all by himself/herself by saying economic momentum is pointing up in the United States.

No, no, no.

The US economy will slow down in the coming year, because of the tightening cycle that the US central bank, the Fed, will do this year. The Fed will be raising interest rates, to try to combat inflation, and rising interest rates are always related to slowing economic growth.

The Chinese economy will grow faster from it recent lull in the 2nd half of this year, because the People's Bank of China has said that they will be lowering interest rates very soon this year. Cutting interest rates is always done for economic stimulus.

What SleepyStudent was saying this time, is beyond absurd, because this is all over the news!

Either the poster is some low level misinformed troll doing it mostly to irritate some in a small way, or it is comic relief, or they may be drunk or taking whatever.

The Fed meeting was just last week too you know.

 

[PiSigma]

US GDP growth (4Q21/4Q20): +5.50%
China GDP growth (4Q21/4Q20): +4.0%

I didn't know sleepy Joe is related to you sleepy student

 

[KYli]

That's why you never want home prices to increase too much especially for developed nations.

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[Abominable]

US GDP growth (4Q21/4Q20): +5.50%
China GDP growth (4Q21/4Q20): +4.0%

So you're agreeing the tweet was wrong? It specifically mentioned the whole year, not quarterly growth.

 

[LesAdieux]

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for those who claim that the US will outgrow China in 2022.

I hate to quote only, but I am lazy and hate to write. I'm more pessimistic, I think there is a good chance the US economy will fall into recession in 2022.

 

[Tam]

Based on the previous way the US computed CPI and GDP, the inflation would be around 15% and GDP growth is still in negative territory.