American Economics Thread

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CMP

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Michaelsinodef said:
Simple.

Just remove the `"adjusted" for inflation` part.
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Usually adjusted for inflation means inflation has been subtracted from it, but in this case there is so much political pressure to get Joe reelected that I have serious doubts about any info coming out that could have influence on voters. Economic data being chief among those. Property values and stock indices certainly are giving off massive vibes of recession and struggle. The exact opposite of what you would see with near 5% GDP growth.
 
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supercat

supercat

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Eventine said:
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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?
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It's probably an one-off fueled by government and consumer debt spending. The national debt topped 33 trillion for the first time ever in September. Mortgage application is at a 20-year low, while the default rate of car loans is at a 30-year high. It won't be pretty going down the road.

U.S. National Debt Tops $33 Trillion for First Time​

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Arij Javaid

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A

Arij Javaid

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Consumer spending hasn't increased. Price has increased which falsely portrays that consumer spending has increased. In a year where US exports and imports have declined, its economy achieving higher than predicted GDP growth is purely fueled by inflation/price increase, debt and fiscal deficit.
 
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Torquemada

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Eventine said:
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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?
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With the dollar emissions that the US is making, it is perfectly normal to grow at those levels.

What I would like to parameterize is the economic level of the American workers, I suspect that little of this GDP growth has come to them.

The economy is completely manipulated by central banks and their infinite issuance of debt.
 
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Torquemada

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This is what the US GDP is based on, issuing debt and spending.

They do not produce more, they do not export more, they are not more effective, they only spend.

The economy of this century.

China has the strength to change this paradigm, but it has also been seen that it has temptations to follow the easy but unsuccessful path for its citizens, of growing by issuing debt.



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pipaster

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HighGround said:
WSJ is a rag.

But yeah, US automakers are still in the "investment" part of the EV pipeline. Tesla was also losing "hundreds of thousands" of dollars on every EV made. Now they make the most profit.
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Yes, but these legacy automakers are now coming late to the party. They still need to invest in the design, supply chain, manufacturing, marketing etc. But they will be competing with the likes of Tesla, Korean automakers that have already started investing in these. It will be an uphill battle, with less margins available.
 
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SanWenYu

Captain
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Torquemada said:
With the dollar emissions that the US is making, it is perfectly normal to grow at those levels.

What I would like to parameterize is the economic level of the American workers, I suspect that little of this GDP growth has come to them.

The economy is completely manipulated by central banks and their infinite issuance of debt.
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Love the term "dollar emissions".
 
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