You are right, these negative IQ posts while hilarious are also retarding our forum. I will delete the post.
American Economics Thread
- Thread starter Bernard
- Start date
You know those western nation have this habit to lie to the public so they can save face.
It's a big part of their culture
That was a different nation that I'd call it Chaoxian (朝鲜 but not the DPRK or 北朝鲜). The history of it ended in 1895 after the first Sino-Japan war (甲午战争).
In4ser
Junior Member
Just move shitposting to the Funny Stuff Thread.
-0.9% (quietly revised down to -2% later)
manqiangrexue
Brigadier
Change the definition of recession so you're not in a recession! 2023 new definition of recession (applies to US only): over
"While two consecutive quarters of negative growth is often considered a recession, it's not an official definition. A nonprofit, non-partisan organization called the National Bureau of Economic Research determines when the U.S. economy is in a recession. An NBER committee made up of eight economists makes that determination and many factors go into that calculation.
The White House has pushed back against calling the current economy a recession. It is no doubt aware of the role the economy is going to play in the midterm elections.
Treasury Secretary Janet Yellen noted in a recent appearance on NBC's Meet the Press that while two consecutive quarters of negative growth is generally considered a recession, conditions in the economy are unique.
"When you're creating almost 400,000 jobs a month, that is not a recession," she said.
White House doesn't like the word recession
The White House has taken pains to remind people that just two quarters of negative growth doesn't automatically mean the economy is in a recession."
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Some low end productions are moving to Mexico, Vietnam, etc... Strategic sectors like chips will move to Arizona and Texas instead of rely entirely on Korea, Taiwan/China.
Walmart (the cheapest of the cheap) committed $350 billion to source supplies from within the U.S over the next 10 years.
Pandemic and revenge spending drove up US imports during the last 4 years (part of the reason why inflation is so high as people just keep on buying stuff). And you can't unwind 40 years of US - China interdependence over night.
Given the costs and complexities associated with re-shoring, it will be several years at a minimum before the United States begins to see any meaningful movement of manufacturing facilities and equipment to the US; this may speed up if Taiwan war happens sooner. None of this means China will not be important as a manufacturing powerhouse. But lets see what happens in the next 5, 10 years.
Trump is going to implement Schedule F Executive Order if he wins 2024. Look it up if you don't know what that is, and how crazy things could become. The Russians were smart to support Trump because Trump could single handily damage America from within.
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I don’t like the word either.