American Economics Thread

Fedupwithlies

Junior Member
Registered Member
It's my first time on the forum and it's not my fault you don't understand the difference between Q/Q and Y/Y. In the 2nd quarter of 2022; the US unambigiously grew faster than China on all 3 commonly used metrics: Q/Q, Y/Y and Q/Q SAAR. Comparing China's Y/Y rate with the US' Q/Q SAAR rate is comparing apples and oranges


> claims to be on the forum for the first time

> responds to sleepy, the name of a former poster

> references the difference between Q/Q and Y/Y, a former avenue of attack sleepy used

For the record, that was an incorrect comparison because even using "apples to apples" comparisons China grew more on our last meeting.
That was why he resorted to "China isn't winning hard enough"

For someone who would lie this blatantly, how can you believe anything he said?
 

wxw456

New Member
Registered Member
Welcome back sleepy
Let me bust out the actual growth rate percentages. *Hong Kong and Macau excluded from China figures.

Quarter to Quarter:
2019 Q32019 Q42020 Q12020 Q22020 Q32020 Q42021 Q12021 Q22021 Q32021 Q42022 Q12022 Q2
China1.2%1.5%-10.5%11.6%3.4%2.6%0.3%1.3%0.7%1.5%1.4%-2.6%
US2.8%1.9%-5.1%-31.2%33.8%4.5%6.3%6.7%2.3%6.9%-1.6%-0.9%

Year over Year:
2019 Q32019 Q42020 Q12020 Q22020 Q32020 Q42021 Q12021 Q22021 Q32021 Q42022 Q12022 Q2
China5.9%5.8%-6.8%3.2%4.9%6.5%18.3%7.9%4.9%4.0%4.8%0.4%
US2.3%2.6%0.6%-9.1%-2.9%-2.3%0.5%12.2%4.9%5.5%3.5%1.6%

Annual Change in GDP:
201920202021
China6%2.2%8.1%
US2.29%-3.4%5.67%
 

AssassinsMace

Lieutenant General
Median household income in California's 13th Congressional District is $120,697
Median household income in San Francisco County, California is $119,136
Median household income in Alameda County, California (where Oakland is located) is $104,888

As a comparison
China's median household income 29,975 RMB
Please, Log in or Register to view URLs content!

The US is a highly unequal country with a weak safety net; nevertheless, that does not negate the immense technological value and wealth created all across the United States where *every single US county* has a median household income higher than the median household income in Pudong, Shanghai, P.R. China
That's not San Francisco where Pelosi represents. Why not show pictures of New York homeless as San Francisco? Besides the reason why there are so many homeless in California is because red states buy homeless in their states one-way bus tickets to San Francisco and Los Angeles. The city where I live is rural but a lot of homeless downtown. Why so many when there's not a lot of traffic nor major businesses where the homeless can't forage in dumpsters or panhandle? It's because there's a rich city over five miles away after you pass a reservoir and woods where the homeless do go because they're rich. Their police gather up the homeless in their town and drive them over to the city where I live and drop them off. The only avenue between is a two-lane road with no sidewalk nor public transportation.
 

Fedupwithlies

Junior Member
Registered Member
I presumed sleepy was a former poster given how its referenced here


Only two things matter: the GDP differential and the rate at which the GDP differential is changing. China is losing on both counts. Q/Q matters for measuring economic momentum; the Y/Y growth rate measures the differential
GDP differential is a real thing, just not what you use it as.
 

9dashline

Captain
Registered Member
A hallmark of American gas stations is that they never close, certaintly not afternoon on a bright Saturday.....

This was taken by me couple minutes ago...Screenshot_20220806_155717_com.android.gallery3d.jpg

The pumps werent working either....

Next time I go to CiCi Im gonna snap you guys some photos of that 5 year old boy cleaning tables.... Muh child labors!!!
 

wxw456

New Member
Registered Member
China's rates are not annualized so for a correct direct comparison, it would be
3Q194Q191Q202Q203Q204Q202Q213Q214Q211Q222Q22
China
5%​
6%​
-36%​
55%​
14%​
11%​
0%​
5%​
3%​
6%​
-10%​
So you say we should annualize the quarter over quarter figures for China:
2019 Q32019 Q42020 Q12020 Q22020 Q32020 Q42021 Q12021 Q22021 Q32021 Q42022 Q12022 Q2
China4.88%6.13%-35.83%55.11%14.30%10.81%1.20%5.30%2.83%6.13%5.72%-10.00%

So how does this help your overall argument besides cherry picking a single quarter of data? You could've done the same argument in 2020 Q1 (which you did as SleepyStudent). Conversely I could cherry pick 2020 Q2 or 2022 Q1 and predict the exact opposite conclusion as you did.

Well why don't we just argue with the Year over Year data instead or the annual percentage change in GDP? For the annual percentage change in GDP the Chinese GDP growth rate is historically faster. Isn't this when you usually start pulling out the "fake statistics" card?
 
Top