American Economics Thread

[CMP]

US is having 2 trillion budget deficit without breaking a sweat. It used to be a big deal but now it seems to be a norm.

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View attachment 120536

This is what circling the drain looks like.

 

[CMP]

This is what circling the drain looks like.

I should also add that they have the cause and effect reversed in the article. GDP growth is being sustained by the massive scale of deficits. When or if the deficits can no longer be sustained, that's when you see a collapse of GDP.

 

[Torquemada]

Interest payments on debt would approach 1 trillion sooner than many of us expected.

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No problem, print more Mr. Jerome Powell

The advantages of Fiat money.

Someday, who knows when, countries will realize that they are exchanging products and technology for simple, worthless papers.

The economy of this century would be difficult to explain if Martians visited us

 

[pipaster]

Low water levels in the Mississippi River are causing big logistics issues. Seems to be consistently happening around October now.

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[martinwagner]

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Having enough freedom over there?

 

[56860]

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Having enough freedom over there?

Rookie numbers. Pump those numbers up.

 

[KYli]

Most corrupted blood suckers in the US.

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[Eventine]

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"Official" Q3 estimated GDP growth "adjusted" for inflation is 4.9%. The usual US cheer leaders are over the moon, but how much of this is fact?

 

[Michaelsinodef]

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"Official" Q3 estimated GDP growth "adjusted" for inflation is 4.9%. The usual US cheer leaders are over the moon, but how much of this is fact?

Simple.

Just remove the `"adjusted" for inflation` part.

 

[siegecrossbow]

No problem, print more Mr. Jerome Powell

The advantages of Fiat money.

Someday, who knows when, countries will realize that they are exchanging products and technology for simple, worthless papers.

The economy of this century would be difficult to explain if Martians visited us

It would be like the Tulip Fever, which ended when a dock worker accidentally knocked over a pot of tulips and complained that he just lost a year’s pay. Other countries are gonna realize one day that they are paying for Chinese goods at a marked up price.