If Gordon Chang is running China he still can't save it. The hole is way too big. You can dump 10 Chinese economies in there and it wouldn't even make a splash.
American Economics Thread
- Thread starter Bernard
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If Gordon Chang is running China he still can't save it. The hole is way too big. You can dump 10 Chinese economies in there and it wouldn't even make a splash.
Massive layoffs happening right now in "tech".
A lot of people with certs are being let go. These are folks who took coding bootcamps, data analysis bootcamps, stuff like that. Took advantage of the tech boom with fancy keywords in their resumes to get into "tech".
Worked for a while as the money was easy to get. Not anymore. Turns out, when the going gets tough, fundamental math, science and engineering skills are still the useful job skills. Not the "disruptor", "new paradigm", buzzword shit. Fundamentals are fundamentals. They don't change.
A lot of people with certs are being let go. These are folks who took coding bootcamps, data analysis bootcamps, stuff like that. Took advantage of the tech boom with fancy keywords in their resumes to get into "tech".
Worked for a while as the money was easy to get. Not anymore. Turns out, when the going gets tough, fundamental math, science and engineering skills are still the useful job skills. Not the "disruptor", "new paradigm", buzzword shit. Fundamentals are fundamentals. They don't change.
The US economy grew at a slower pace in 2022, the Commerce Department said Thursday, as activity eased in the final months of the year and recession fears loomed.
Economic activity has been moderating as the US central bank hiked the benchmark lending rate seven times last year, in hopes of cooling demand and reining in costs as inflation surged.
The property sector has slumped, followed by declines in manufacturing and retail sales.
Against this backdrop, the world's biggest economy expanded 2.1 percent for all of 2022, down from the figure in 2021, according to Commerce Department data.
"The increase in real GDP in 2022 primarily reflected increases in consumer spending, exports," and certain forms of investment, said the department in a statement.
In the October to December period, the US saw its gross domestic product rise at an annual rate of 2.9 percent.
This was down as well from 3.2 percent in the third quarter last year, although better than analysts expected.
The latest number marks the second straight quarter of growth after two rounds of contraction.
Economic activity has been moderating as the US central bank hiked the benchmark lending rate seven times last year, in hopes of cooling demand and reining in costs as inflation surged.
The property sector has slumped, followed by declines in manufacturing and retail sales.
Against this backdrop, the world's biggest economy expanded 2.1 percent for all of 2022, down from the figure in 2021, according to Commerce Department data.
"The increase in real GDP in 2022 primarily reflected increases in consumer spending, exports," and certain forms of investment, said the department in a statement.
In the October to December period, the US saw its gross domestic product rise at an annual rate of 2.9 percent.
This was down as well from 3.2 percent in the third quarter last year, although better than analysts expected.
The latest number marks the second straight quarter of growth after two rounds of contraction.
People say China is too timid against Western pressure, they may have a point BUT the world had change, When China sneeze the Collective West get's the cold and any of her action had serious consequences especially for America. So the solution for the US problem is to intertwine with China instead of decoupling.
19 hours ago — China's reopening threatens second global inflation wave that Fed won't be able to contain without causing a recession.
19 hours ago — China's reopening threatens second global inflation wave that Fed won't be able to contain without causing a recession.
Could this be a reason why China opened up so suddenly - to create inflationary pressure on the West? A form of hybrid warfare. Based if true.
Bro, from my observation the Chinese use the zero covid policy to reexport inflation back to the US, with the plan oil price cap by the Collective West, they may have coordinated with OPEC+ because the Chinese suddenly change gear and open up.
This may be the carrots that Xi gave to MBS, as they both share a common interest. A de dollarization and a new currency regime that is suited for a multipolar world.Bro, from my observation the Chinese use the zero covid policy to reexport inflation back to the US, with the plan oil price cap by the Collective West, they may have coordinated with OPEC+ because the Chinese suddenly change gear and open up.
Both oil prices and the rmb have increased in value since China has reopen. Are they going to accept rmb as oil payments soon?
Bro you know the Chinese they want to have a hand in every new technology to stay abreast, having say that it doesn't mean they will use it especially in vaccine. mRNA is ideal for cancer and other diseases BUT not Covid.