American Economics Thread

[Petrolicious88]

Yes, and in 5, 10 years when your prediction doesn't come true, you'll regurgitate that trite again and ask for another 5, 10 years. It seems the great decoupling is perpetually 5, 10 years in the future.

We talking about US - China conflict over Taiwan and disruption thereafter of US - China supply chain, not Nuclear Fusion.

 

[nugroho]

please delete this

 

[9dashline]

We talking about US - China conflict over Taiwan and disruption thereafter of US - China supply chain, not Nuclear Fusion.

Fusion and reunification has both been promised for over 70 years...

Seems like very soon one is about to happen before the other.

 

[Suetham]

Q2 GDP for the US is in. For the second consecutive quarter its a negative print. So the US is now in a technical recession.

But the media seems to be in denial.

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Everyone is ruffling their hair over this. hahahaha

Seriously now, there are disagreements among economists on this interpretation. Some understand that the data is not bad, analyzing the composition of GDP, the period and high inflation. The "experts" explain.

The GDP is deflated, that is, in its calculation, the nominal inflation decreases. Nominally, GDP grew by 7% or so. The main component of GDP is household consumption, which rose by 1%. They are in full employment, salary increases, funding increases... that's it today. On the other hand, it means that the Fed should not lower interest rates anytime soon, leaving the problem further.

 

[GodRektsNoobs]

Everyone is ruffling their hair over this. hahahaha

Seriously now, there are disagreements among economists on this interpretation. Some understand that the data is not bad, analyzing the composition of GDP, the period and high inflation. The "experts" explain.

The GDP is deflated, that is, in its calculation, the nominal inflation decreases. Nominally, GDP grew by 7% or so. The main component of GDP is household consumption, which rose by 1%. They are in full employment, salary increases, funding increases... that's it today. On the other hand, it means that the Fed should not lower interest rates anytime soon, leaving the problem further.

It's basically stagflation then, right?

 

[Suetham]

It's basically stagflation then, right?

I believe this image sums up the whole situation:

 

[Abominable]

https://twitter.com/i/web/status/1552399257184894979

 

[Abominable]

Another one:

Biden pulling in CEOs to get them to tell everyone there is no recession....as if they would ever admit it and watch their stock plummet.

This is clown world.

 

[antiterror13]

It's actually a $280 billion bill.

There is also about $200 billion for scientific research, including $81 billion for the National Science Foundation, $10 billion for regional technology hubs and $68 billion for the Department of Energy.

China is sh*** in its pants right now. It was already badly, badly behind in basic research spending, this will put the difference in light years. Pretty much game over, honestly.

that $280B for how many years? ... how much per year average ?

 

[supercat]

One of Bloomberg's top forecasters of the U.S. and Chinese economy thinks that YoY 2022Q4 growth will be negative when compared to 2021Q4.

https://twitter.com/i/web/status/1552637156266545153

Even if Wall Street recovers quickly, the suffering of the main street will linger.

https://twitter.com/i/web/status/1552279386161696769