I am truly glad to be living in an era where the world transitions from Pax Anglo to Pax Sinica. Imagine being born 1800-1950 as a Chinese. We're all incredibly fortunate.
American Economics Thread
- Thread starter Bernard
- Start date
Personal spending in the United States remained unchanged from the previous period in March 2023, following a downwardly revised 0.1 percent increase in February and compared with market forecasts of a 0.1 percent decline. The lack of growth can be attributed to the still-elevated inflation rate and higher borrowing costs, which put a strain on consumer spending. Consumption of services saw a 0.4 percent increase, driven by higher spending on housing and utilities as well as healthcare services. In contrast, consumption of goods decreased by 0.6 percent, with lower spending on motor vehicles and parts as well as gasoline and other energy goods.
source: U.S. Bureau of Economic Analysis
source: U.S. Bureau of Economic Analysis
Phone call from Janet Yellen in....3, 2, 1
- Stanley Druckenmiller is shorting the US dollar after missing last year's rally.
- He said it will keep falling due to interest rate cuts and a rise in non-dollar trade agreements.
- "And you have Lula running around asking why we have to do trade in the US dollar, and he's right to."
You're repeating the talking points of the western mainstream press, the very nature of network effects means speed of growth or collapse is exponential nor non-linear, especially when critical mass is achieved. When it happens, it would be rather quick.
Critical mass is when the BRICS, already with GDP greater than G7, are pushing the dedollarization momentum, while US debt grows exponentially further than the Burj Khalifa
D
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I mean, in a sense its good of the government to insure the deposits of all these failed banks. But as always, where the hell is the money coming from?
Jerome and his printing press.
It is kind of odd, but I think most of the recent crisis to the entire system, the banking/financial system in the United States, they want to solve the problem on the weekend.
Banks are closed, and the market are closed. If there is going to be a deal, the clock ticks very quickly.
Then by Monday morning, another deal to avert the crisis, and confidence is restored.
I think in the past, when the United States was a lot stronger, it did not matter. They would used the weekend as a tactical negotiation period.
Times change.