American Economics Thread

proelite

Junior Member
Yellen speech on US-China relations today, picking out the parts I find interesting

The leadership/primacy focus
"Importantly, our economic power is amplified because we don’t stand alone. America values our close friends and partners in every region of the world, including the Indo-Pacific. In the 21st century, no country in isolation can create a strong and sustainable economy for its people. That’s why, under President Biden’s leadership, we’ve sought to rebuild and reinvest in our relationships with other countries.

All this to say: China’s economic growth need not be incompatible with U.S. economic leadership. The United States remains the most dynamic and prosperous economy in the world. We have no reason to fear healthy economic competition with any country."

Unusual national security focus from the Treasury Dept.
"As we take these actions, let me be clear: these national security actions are not designed for us to gain a competitive economic advantage, or stifle China’s economic and technological modernization. Even though these policies may have economic impacts, they are driven by straightforward national security considerations. We will not compromise on these concerns, even when they force trade-offs with our economic interests."

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She's only saying this after realizing that the US couldn't suppress Chinese modernization without losing big time too.

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paiemon

Junior Member
Registered Member
Yellen speech on US-China relations today, picking out the parts I find interesting

The leadership/primacy focus
"Importantly, our economic power is amplified because we don’t stand alone. America values our close friends and partners in every region of the world, including the Indo-Pacific. In the 21st century, no country in isolation can create a strong and sustainable economy for its people. That’s why, under President Biden’s leadership, we’ve sought to rebuild and reinvest in our relationships with other countries.

All this to say: China’s economic growth need not be incompatible with U.S. economic leadership. The United States remains the most dynamic and prosperous economy in the world. We have no reason to fear healthy economic competition with any country."

Unusual national security focus from the Treasury Dept.
"As we take these actions, let me be clear: these national security actions are not designed for us to gain a competitive economic advantage, or stifle China’s economic and technological modernization. Even though these policies may have economic impacts, they are driven by straightforward national security considerations. We will not compromise on these concerns, even when they force trade-offs with our economic interests."

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Well she was right that they are not designed to gain a competitive advantage, because they were designed to throw that advantage away /s.
 

FriedButter

Colonel
Registered Member
Even if I can magic myself into a non-Chinese I’m still f**ked…

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$40 per month for a 400k loan. It is absurd that they are going to penalize buyers even more for down payments. Rent prices will go up and banks are going to love that more clients will hold their mortgage to completion.
 
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clockwork

Junior Member
Registered Member
the Kennedy’ s are a part of the US ruling elites. I believe the deep state put forth a Kennedy to head off trump‘s probably return to power
Trump is more "deep state" than him lol (really there is no "deep state", only the MIC). He's probably gonna be a lot more business as usual once in than he claims if he manages to get elected, as they all are. But the fact that he's even campaigning on a somewhat anti-MIC platform is evidence (albeit small) in his favour. What the MIC wants most is to avoid attention and continue to freely plunder the country under the radar. That's why they fund both left and right wing media to keep the citizenry distracted with both culture wars and foreign boogeymen.

Plus the fact that presstitutes seem to be propagandizing against him already is another point in his favour. But honestly he'll probably just get JFK'd if he actually makes it anywhere and is true to his word. The media is far from the only thing the MIC owns, as our 9dashline once found out the hard way..
 
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Stierlitz

Junior Member
Registered Member
The S&P Global US Manufacturing PMI increased to 50.4 in April 2023 from 49.2 in March, beating forecasts of 49, and pointed to the first expansion in factory activity in six months, preliminary estimates showed. Production levels at manufacturers rose modestly in April, albeit at the fastest rate since May 2022 due to increased employment and a return to new order growth. New sales rose for the first time in six months and the rate of job creation accelerated to the fastest since September 2022. On the price front, the pace of increase in operating expenses was the quickest since last November and selling prices increased at a sharp and historically elevated rate. Finally, optimism in the outlook for output over the coming year rose to a three-month high, but was slightly below the long-run series average amid inflation worries and some concerns regarding a shift away from goods towards services among customers following the end of the pandemic.

source: Markit Economics

The S&P Global US Services PMI increased to 53.7 in April 2023, up from 52.6 the month before and well above market expectations of 51.5, a preliminary estimate showed. The latest reading pointed to the fastest pace of expansion in the country's service sector since April 2022 as new business rose for the second straight month, and at a rate that was the fastest since last May, amid improved marketing initiatives, greater domestic demand and the acquisition of new customers. Still, new export orders continued to decline. Employment levels rose the most since July 2022 and backlogs of work increased further. On the price front, both input and selling prices rose at a faster pace. Finally, business confidence picked up to the second-highest for almost a year, as firms remained hopeful of further improvements in demand.

source: Markit Economics
 

opkl

Just Hatched
Registered Member
For a newbie wanting to learn, can someone explain, what is the cause of inflation in the west (taking into consideration the current world events), how does it affect the housings and what are the outlook and possible remedies?
 

siegecrossbow

General
Staff member
Super Moderator
For a newbie wanting to learn, can someone explain, what is the cause of inflation in the west (taking into consideration the current world events), how does it affect the housings and what are the outlook and possible remedies?

Sullivan Doctrine :F*CK China and Russia let’s decouple.

Plebs: But one makes all of our consumer goods and the other provides cheap energy…

Sullivan Doctrine: just coexist with inflation we’ll be fine.
 
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