American Economics Thread

[ZeEa5KPul]

Lots of MAGA ingrates in the comments section.

https://twitter.com/i/web/status/1578796749069881344

I believe our best days are ahead of us, not behind us.

Now I know he's gone senile.

 

[Andy1974]

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Nasdaq hitting the lowest level in over two years

 

[siegecrossbow]

Now I know he's gone senile.

 

[KYli]

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[KYli]

Job cuts from Microsoft, Intel to many semiconductor companies soon.

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[MortyandRick]

US births have increased compared to 2021 and what's even more, they are increasingly to mothers with college educations

https://twitter.com/i/web/status/1582129464951308288

From the US CDC

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Births in 2021
January: 277,000
February: 266,000
March: 302,000
Total 1st quarter 2021: 845,000

Births in 2022
January: 294,000 (+6.1%)
February: 275,000 (+3.4%)
March: 306,000 (+1.3%)
Total 1st quarter 2022: 875,000 (+3.6%)

Meanwhile, births in China declined 12% Y/Y in 2021 vis-a-vis 2020 with early provisional data from 2022 suggesting a similar Y/Y drop.

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US total births 2021: 3.7M
China total births 2021: 10.6M

At the current rate of China's births dropping in double digit percentages each year but US births increasing in small increments each year, 3.7(1.036)^x = 10.6(1-.12)^x, in 7 years, the number of births in the US will exceed the number of births in China; 4.7 million to 4.3 million

Hello sleepy. Welcome back. How's that US recession treating you?

 

[MortyandRick]

Who is "sleepy"?

If this a recession, what even is a boom supposed to be?

https://twitter.com/i/web/status/1581004429188530179

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Two consecutive quarters of GDP decrease is a recession. And the US had two.

Forecast for US Recession Within Year Hits 100%​

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[FairAndUnbiased]

Who is "sleepy"?

If this a recession, what even is a boom supposed to be?

https://twitter.com/i/web/status/1581004429188530179

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[Fedupwithlies]

Also there's this

https://twitter.com/i/web/status/1582418997823569931

 

[Abominable]

Also there's this

https://twitter.com/i/web/status/1582418997823569931

The same thing happened in Europe. People assumed that lockdowns with people spending more time at home would mean fertility rates would rise. Lots of articles reporting on an expected baby boom.

Now the data is out and it turns out the opposite happened. Lockdowns caused fertility rates to plummet. That's from a pretty low baseline as well.