If you look at the past 1000 years of history, Korea has normally leaned towards China
American Economics Thread
- Thread starter Bernard
- Start date
If you look at the past 1000 years of history, Korea has normally leaned towards China
For the majority of the past 1000 years of history, US didn't exist.
A certain degree of re-shoring will happen; starting with the strategic industries, that's almost guaranteed, just as a certain degree of decoupling between US and China is already happening.
And Yoon's party is def more conservative, more hawkish. It's still early, but Yoon at least tried to maintain a balanced relationship (this idea of double allegiance under Moon).
Anything above zero is "a certain degree", but we still have no indication that even this lowest possible standard will be met.
"Guaranteed" is a very strong word that shouldn't be used to describe anything America does.
Where is it happening? Investment from America into China - up. Chinese exports to America - up. American trade deficit with China - up.
America runs on Copium
Is the Fed gonna redefine what a recession is now?
"A recession is when the GDP goes negative for 2 consecutive quarters.... and experience a drop of atleast 15%. Thus, we are doing more than fine!"
They are redefining what is a man/woman..America runs on Copium
Is the Fed gonna redefine what a recession is now?
"A recession is when the GDP goes negative for 2 consecutive quarters.... and experience a drop of atleast 15%. Thus, we are doing more than fine!"
They have redefined GDP (adding fake shit like imputed rents that pad 15%)
They have redefined CPI (ground beef substituting steaks etc and cherry picking to fake lower inflation numbers)
So not surprising they are redefining recession...
By the same metric of GDP, CPI and recession as applied in the 90s, the USA has been in recession since 2008 and never got out of it
Blows my mind people are actually debating if two quarters of negative GDP growth is considered a recession.
It's the global standard, in every textbook and economics course. Technical recession or not, it's still a recession.
I do understand they want to gaslight the American public and shore up consumer confidence. But America is too politically divided for it to ever be successful.
It's the global standard, in every textbook and economics course. Technical recession or not, it's still a recession.
I do understand they want to gaslight the American public and shore up consumer confidence. But America is too politically divided for it to ever be successful.