American Economics Thread

[Dolcevita]

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.

Please, Log in or Register to view URLs content!

Yellen Says Yield Surge Is Due to Strong Economy, Not Deficits

Please, Log in or Register to view URLs content!

The fact she even has to come out and say this just reaffirms what I said earlier. This is driven mostly by deficits and inflation.

This is insane.

US GDP growth is due growth in national debt and resulting spending. Bond yield surged to finance this massive increase in debt to generate the false perception of GDP growth. Yet we have US Treasury Sec Yellen's logic applied in reverse and the MSM swallows this false narrative whole without question.

 

[FairAndUnbiased]

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.

what Korean automakers are significant in EVs?

I don't see Koreans in top 5, only 1 makes the list. Also is there much new EV IP from them, or are they using older tech/importing tech?

Please, Log in or Register to view URLs content!

 

[gelgoog]

KIA/Hyundai has EVs. South Korea has LG Chem and Samsung SDI as lithium ion battery manufacturers. They are stronger than most countries other than China in EVs right now just because of that. Battery manufacture.

Please, Log in or Register to view URLs content!

 

[antiterror13]

KIA/Hyundai has EVs. South Korea has LG Chem and Samsung SDI as lithium ion battery manufacturers. They are stronger than most countries other than China in EVs right now just because of that. Battery manufacture.

Please, Log in or Register to view URLs content!

I like KIA EV cars ... just too expensive and not competitive

 

[henrik]

This is insane.

US GDP growth is due growth in national debt and resulting spending. Bond yield surged to finance this massive increase in debt to generate the false perception of GDP growth. Yet we have US Treasury Sec Yellen's logic applied in reverse and the MSM swallows this false narrative whole without question.

How could they keep on printing money and issuing bonds at the same time?

 

[pipaster]

what Korean automakers are significant in EVs?

I don't see Koreans in top 5, only 1 makes the list. Also is there much new EV IP from them, or are they using older tech/importing tech?

Please, Log in or Register to view URLs content!

In the US market Tesla represent #1,2,4, and 6.

Kia and Hyundai represent #7, and 8.

These companies have solid supply chains either in the US, Korea, or China. With the IRA US manufacturers will be incentivized to make their own supply chain. This will take take and cost money. (Not a great source)

Please, Log in or Register to view URLs content!

 

[HighGround]

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.

I think the biggest issue for American manufacturers is the battery supply chain. It's decades behind China, and the only real way to catch up is to import CATL and BYD factories into USA. Don't know how well that'll play out, but it doesn't even seem like US policy makers are even aware of how far behind we are in this critical technology.

In my opinion, United Staets can always catch up, due to inherent advantages of being the world's reserve currency, as well as one of the most open countries in the world. We don't have to be brilliant, we can simply import people who are and keep throwing money at the wall to see what sticks.

Of course none of that matters when Politicians and policy makers just act stupid.

Please, Log in or Register to view URLs content!

 

[Arij Javaid]

I think the biggest issue for American manufacturers is the battery supply chain. It's decades behind China, and the only real way to catch up is to import CATL and BYD factories into USA. Don't know how well that'll play out, but it doesn't even seem like US policy makers are even aware of how far behind we are in this critical technology.

In my opinion, United Staets can always catch up, due to inherent advantages of being the world's reserve currency, as well as one of the most open countries in the world. We don't have to be brilliant, we can simply import people who are and keep throwing money at the wall to see what sticks.

Of course none of that matters when Politicians and policy makers just act stupid.

Please, Log in or Register to view URLs content!

US economy is heavily carried by the dollar right now but even a reserve currency status won't save you from a collapse when fiscal deficit is reaching more than $1 trillion and debt is increasing to record levels.

 

[SanWenYu]

I think the biggest issue for American manufacturers is the battery supply chain. It's decades behind China, and the only real way to catch up is to import CATL and BYD factories into USA. Don't know how well that'll play out, but it doesn't even seem like US policy makers are even aware of how far behind we are in this critical technology.

In my opinion, United Staets can always catch up, due to inherent advantages of being the world's reserve currency, as well as one of the most open countries in the world. We don't have to be brilliant, we can simply import people who are and keep throwing money at the wall to see what sticks.

Of course none of that matters when Politicians and policy makers just act stupid.

Please, Log in or Register to view URLs content!

One of the most open countries that rejects Chinese products, technologies and investments, harasses and prosecutes scientists of Chinese background, bullies and oppresses its people that want to keep the relationship with China.

 

[FairAndUnbiased]

I think the biggest issue for American manufacturers is the battery supply chain. It's decades behind China, and the only real way to catch up is to import CATL and BYD factories into USA. Don't know how well that'll play out, but it doesn't even seem like US policy makers are even aware of how far behind we are in this critical technology.

In my opinion, United Staets can always catch up, due to inherent advantages of being the world's reserve currency, as well as one of the most open countries in the world. We don't have to be brilliant, we can simply import people who are and keep throwing money at the wall to see what sticks.

Of course none of that matters when Politicians and policy makers just act stupid.

Please, Log in or Register to view URLs content!

Once a country passes about 1/5 developed country GDP per capita (I'd say about 10k-15k USD GDP per capita) the net immigration rate drops like a rock as the opportunity cost of starting over in a new country midlife outweighs the gains in income.

This was seen for South Korea, Mexico, and China. Biggest growing Asian immigrants are from India and Philippines, not China.

The only way for the US to keep growing talent is for other countries to stay poor. If they're kept poor the people will be resentful and a source of unrest and crime as immigrants. If they're poor because of bad national management, they're unlikely to be top talent.