American Economics Thread

ougoah

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Registered Member
US and western wankers previously - "China is collapsing! China has floods hahaha sucked in! China has blackouts and energy problems hahaha sucked in!"

China in reality - metrics are as impressive as they've been minus lockdown consequences (on economy not on society and lives!), floods were assisted and damages minimised, energy crisis doesn't actually exist, forging strong relations with Saudi Arabia, Iran, Russia, Brazil, and Africa where pretty much most global energy resources come from not to mention China itself has more coal than Australia (for energy although Australia coal is mostly used for making steel). For every solar panel and wind turbine the ENTIRE COMBINED west has, China has two. For every nuclear power station the west has, China has nearly 1 and building to become >1. China generates more from renewables than US + Australia + UK. Sure China has much greater industry than they do and produce a lot more and use a lot more energy so per capita energy consumption China is way less. If it were the same, then sure an energy crisis like everyone else.

US and western allies in reality - unprecedented record high inflation, blackouts (several European nations) that have lasted longer than China's when a few of China's power stations got flooded and/or switched off to secure from floods, energy crisis in actuality, Saudi Arabia giving the US the finger, Iran shoving its finger further up the US asshole, industry desperate for capital and energy, industry sell off to China in record volume, more dependence on China's goods (trade deficit with China increased), more dependence on China's market, more dependence on China's supply chains and shipping. Australia experienced massive floods with losses exceeding China's despite being a country less than 1/50th the population of China. Recall Aussies saying sucked in to China during China's floods. Then Nature/God/Heaven kicked the Aussies in the ballsack with two years of floods.

Literally all the west bitches and bullies about was returned to them many fold. It is not enough and certainly less than they deserve.

Cunts deserve hell. It's poetic how the more these cunts bully China, the more they get punished with ironic karma. Most of them have their heads too far up their backsides to even notice or begin becoming cognisant of reality and balance/fairness. They're a lost cause for sure (not everyone but most are) and the US decline needs to be accelerated. China must not bail them out like in 2007/2008. No more buying up trillions of US debt and allowing them the systemic advantages to invent trillions of dollars to buy up the planet with properly worthless USD.
 
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NiuBiDaRen

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4x2baxlx05z91.jpg



This is actually trending no 1.
 

emblem21

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It's the season of layoffs in Silicon Valley: 45,000 employees gone and it's not over yet​


Facebook parent Meta Platforms Inc is the latest to join the list of companies that have laid off employees in the recent months in Silicon Valley. Here are some of the major firms that have opted for the downsizing route in anticipation of recession​


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November 09, 2022 13:43:38 IST


New Delhi: Facebook parent Meta Platforms Inc. is the latest to join the list of companies that have laid off people in the recent months in Silicon Valley.

Many experts have described the widespread job cuts as Silicon Valley “bloodbath”, given the pace at which the layoffs are taking place.
Starting today, Meta Platforms Inc. employees who are affected will be told about the job cuts and Chief Executive Officer Mark Zuckerberg has spoken to executives to prepare them for the eventuality, according to reports.
While some tech giants are going all out laying off their employees, many have frozen or confirmed a slowdown in hiring to cut budget spending in anticipation of a recession.

According to a recent tally by Crunchbase, which provides insights on the ongoing business world, the tech firms based in the US have fired more than 45,000 workers as of October 2022. These layoffs include the most recent mass layoff by Twitter that slashed roughly half the company.

The situations in India is no different. According to inc42.com website around 15,708 employees in the country have lost jobs. The data include the layoffs in 44 startups including unicorns like BYJU’S, Chargebee, Cars24, LEAD, Ola, Meesho and MPL.
We take a quick look at some of the major companies that took the downsizing route in anticipation of recession:

Meta
The Menlo Park, California-based company, had warned its employees in late September that the company was planning to slash expenses and restructure teams. The company, which also owns Instagram and WhatsApp, implemented a hiring freeze, and the CEO said that Meta expected headcount to be smaller in 2023 than it is this year. The cuts are expected to affect about 10 per cent of the company, which employed more than 87,000 as of 30 September, according to Insider.

Twitter
Twitter Inc. laid off roughly half the company last week following Elon Musk’s $44 billion acquisition. Twitter cut close to 3,700 people via email as a way to trim costs following Musk’s acquisition, which closed in late October. In India itself, around 180 of its 230 employees were fired across content, partnerships, content curation, sales, and social marketing teams. Many employees learned they lost their job after their access to company-wide systems, like email and Slack, were suddenly suspended. However, reports later suggested that the company reached out to dozens of employees who lost their jobs and asked them to return as the company realised that their work and experience may be necessary to build the new features Musk envisions.

Apple
In August, Apple laid off about 100 contract recruiters and froze fresh recruitments, according to Bloomberg. Apple is facing slow sales of iPhone 14 and iPhone 14 Pro series in China and is expecting further slash in sales in the upcoming holiday season. As a result the company is trying to cut down on the budget by halting the hirings.

Netflix
The second half of June saw 300 employees losing their jobs at Netflix due to a fall in subscriber numbers. They had also cut 150 jobs the month before.

Microsoft
Microsoft laid off around 1,000 employees across multiple divisions recently. “Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly,” a Microsoft spokesperson. “We will continue to invest in our business and hire in key growth areas in the year ahead,” he added. The announcement comes three months after Microsoft said it trimmed less than 1 per cent of employees in July.

Coinbase
Coinbase laid off around 1,100 workers, citing a looming recession, the crypto winter, and its own overly optimistic growth projections. “Today I shared that I’ve made the difficult decision to reduce the size of our team at Coinbase by about 18 per cent. The broader market downturn means that we need to be more mindful of costs as we head into a potential recession,” said Brian Armstrong, co-founder and CEO at Coinbase..

Lyft
San Francisco, California-based company Lyft announced earlier this month that it would lay off 13 per cent of its workforce, or about 700 employees, in the ride-hailing company’s latest cost-cutting step to cope with a weakening economy. It follows 60 job cuts earlier this year and a hiring freeze in September.

Seagate
Hard drive maker Seagate Technology announced last month that it plans to cut 8% of its global workforce, or about 3,000 employees, citing economic uncertainty and declining demand for its parts. Customers are sitting on a pile of extra inventory, hurting orders and weighing on Seagate’s financial performance, CEO Dave Mosley said. That necessitated cuts. “We have taken quick and decisive actions to respond to current market conditions and enhance long-term profitability,” he said.
And with that, any chance the USA has in taking over the semi conductor world is now quite frankly impossible
 

emblem21

Major
Registered Member
US and western wankers previously - "China is collapsing! China has floods hahaha sucked in! China has blackouts and energy problems hahaha sucked in!"

China in reality - metrics are as impressive as they've been minus lockdown consequences (on economy not on society and lives!), floods were assisted and damages minimised, energy crisis doesn't actually exist, forging strong relations with Saudi Arabia, Iran, Russia, Brazil, and Africa where pretty much most global energy resources come from not to mention China itself has more coal than Australia (for energy although Australia coal is mostly used for making steel). For every solar panel and wind turbine the ENTIRE COMBINED west has, China has two. For every nuclear power station the west has, China has nearly 1 and building to become >1. China generates more from renewables than US + Australia + UK. Sure China has much greater industry than they do and produce a lot more and use a lot more energy so per capita energy consumption China is way less. If it were the same, then sure an energy crisis like everyone else.

US and western allies in reality - unprecedented record high inflation, blackouts (several European nations) that have lasted longer than China's when a few of China's power stations got flooded and/or switched off to secure from floods, energy crisis in actuality, Saudi Arabia giving the US the finger, Iran shoving its finger further up the US asshole, industry desperate for capital and energy, industry sell off to China in record volume, more dependence on China's goods (trade deficit with China increased), more dependence on China's market, more dependence on China's supply chains and shipping. Australia experienced massive floods with losses exceeding China's despite being a country less than 1/50th the population of China. Recall Aussies saying sucked in to China during China's floods. Then Nature/God/Heaven kicked the Aussies in the ballsack with two years of floods.

Literally all the west bitches and bullies about was returned to them many fold. It is not enough and certainly less than they deserve.

Cunts deserve hell. It's poetic how the more these cunts bully China, the more they get punished with ironic karma. Most of them have their heads too far up their backsides to even notice or begin becoming cognisant of reality and balance/fairness. They're a lost cause for sure (not everyone but most are) and the US decline needs to be accelerated. China must not bail them out like in 2007/2008. No more buying up trillions of US debt and allowing them the systemic advantages to invent trillions of dollars to buy up the planet with properly worthless USD.
At this point, the more and more I see it, the more I believe Australia is going to become a province of China given that I am completely certain that after the USA and the EU by extension collapses, Australia has two options, either follow Chinas lead or face complete eviction for every racist Anglo back to the point of origin because no nation in south east Asia wants a trouble maker on their door step, especially when the USA is not their to save them. At least Australia has resources to survive to see the new age and be properly humbled (either by peaceful or by force), but I don’t think the US and the UK have such things given how spent they are right now and thus China must in the event of a collapse, by any means necessary, completely gut both nations to the point where they can never ever rise again. Both nations has done unforgivable things to China, it’s high time China takes off the gloves at the right time and make damn sure that the Anglos are basically castrated so that they can never cause China problems ever again. If everyone of these western POS gets turned into slaves in order to pay their debt to the world, well all I am say is after all the mega spending and after the sheer amount of ungratefulness and the utter levels of entitlement they have even after all the harm done and not apologise for, well I guess we have few less parasites to deal with don’t we and no, they don’t deserve ‘human rights’ because they have spent almost hundreds of years stripping the collective world of theirs
 

Strangelove

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GT Voice: Free fall in shares of Amazon reveals US’ structural problems

By Global Times Published: Nov 11, 2022 12:23 AM

A view of the Amazon logo is displayed in Douai, northern France, April 16, 2020. Photo: VCG

A view of the Amazon logo. Photo: VCG

US e-commerce giant Amazon has made history as the world's first public company to lose $1 trillion in market value amid a tech stock rout in the US, Bloomberg reported on Thursday.

Shares of the firm fell 4.27 percent on Wednesday, dragging its market capitalization to about $879 billion from a record market value of $1.88 trillion in July 2021. It came just days after sell-offs in the company took its market cap below $1 trillion for the first time since April 2020.

From a micro perspective, the rapid plummet in Amazon's market value is due in large part to its poor business performances. Specifically, Amazon's e-commerce sector delivered sluggish earnings results for three quarters in a row this year. In its third-quarter earnings report, Amazon reported a decline of more than 9 percent to $2.9 billion, with most key financial indictors falling short of market expectations.

Moreover, the firm also made disappointing fourth-quarter forecast, projecting that sales revenue during the holiday quarter might slow to as low as 2 percent, far below analysts' estimates. Given such a dim outlook, Amazon's share prices have gone into a downward spiral.

However, from a macro perspective, as a US-based e-commerce giant, Amazon's predicament offers certain indication of acute structural problems faced by the US' e-commerce sector as well as the US economy as a whole. After all, what's behind Amazon's sluggish sales performance is shrinking online consumption by US consumers. Because of the global economic downturn and the gloomy macro-economic environment with rising inflation and tightening monetary policy, the purchasing power of US consumers have clearly been affected.

Also, it is important to note that one of the most critical factors undercutting Amazon's performance is that consumers who had made purchases online during the COVID-19 pandemic have resumed the pre-pandemic habit of buying at offline stores, a development that actually points to the bottlenecks facing the development of the e-commerce sector in the US.

Moreover, beyond the shifting consumer habits and declining consumption, the problems facing Amazon and the US' e-commerce sector is that it doesn't have the sufficient support it needs for development from the real economy and logistics system. This could serve as a reminder of the importance of the real economy and why China still needs to prioritize developing the real economy.


For example, it goes without saying as to whether Amazon sells more products made in the US or in China. Without the support of massive "made in China," Amazon would not become the largest e-commerce platform in the US. This is because the Chinese manufacturing sector has large-scale production capacity in the consumer goods sector, therefore what Chinese manufacturers produce will surely be welcome by the market for its good quality and affordable prices. What's behind the rise of Amazon's e-commerce business is the mass inflows of low-cost goods made in China.

Fundamentally speaking, the rise of the US e-commerce sector is inseparable from globalization, which is actually a typical example of the US economy sharing the dividends of the Chinese manufacturing development.

Nevertheless, the US government doesn't seem to recognize this simple truth. Instead, Washington has tried to defy the economic laws by focusing on bringing manufacturing back to the US. But can some policies or incentives simply help the US build a manufacturing for mass production? And what can US e-commerce platforms like Amazon use to maintain the appeal to consumers if they lose the support of China's manufacturing sector under the US' decoupling push from China's supply chains? The e-commerce industry needs to give it a think.

Meanwhile, it is the structural problems of the US economy, which has deviated too far away from the real economy, that has precipitated the decline of its hegemony. Domestically, these structural problems have led to a more serious wealth gap in the US, adding to social class solidification and political division. Internationally, its consequent abuse of the dollar hegemony has exported inflation, dragging many economies into recession.
 
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