American Economics Thread

[daifo]

Are most of the new ones used to pay the interest?

Increasingly so as the debt coming due and is refinanced

 

[daifo]

By comparison, US GDP in 2023 was US$26.9 trillion.

US$5.5 trillion added to GDP in four years!
US$12.2 trillion added to GDP since 2008!
US$16.7 trillion added to GDP since 2000!

They became addicted to printing / borrowing to grow the economy rather than suffer some minor natural recessions.

 

[HighGround]

They became addicted to printing / borrowing to grow the economy rather than suffer some minor natural recessions.

Printing money during a recession isn’t the problem.

Large deficits during expansionary periods is. Especially when they are larger than GDP growth.

 

[Sinnavuuty]

https://twitter.com/i/web/status/1819396774211338350

More than $2.9 trillion was wiped from major indexes and stocks this morning amid growing fears of a global recession, marking the worst day for stocks since March 16, 2020, during fears of the COVID-19 pandemic.

https://twitter.com/i/web/status/1819384615204761658

Nasdaq

https://twitter.com/i/web/status/1819398371930788203

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Global stock market meltdown as fears grow US economy will 'collapse'​

 

[9dashline]

https://twitter.com/i/web/status/1819398371930788203

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Global stock market meltdown as fears grow US economy will 'collapse'​

Already has collapsed, this is just a Biden debate moment sort of thing....

 

[siegecrossbow]

https://twitter.com/i/web/status/1819398371930788203

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Global stock market meltdown as fears grow US economy will 'collapse'​

 

[styx]

boeing and intel are in deep crisis, two champions of sectors american industry still dominates are falling apart. Symbolism is potent in this events

 

[siegecrossbow]

boeing and intel are in deep crisis, two champions of sectors american industry still dominates are falling apart. Symbolism is potent in this events

I just realized that all the good Chips companies are run by East Asians. Maybe they should consider lifting the bamboo ceiling more?

 

[HighGround]

boeing and intel are in deep crisis, two champions of sectors american industry still dominates are falling apart. Symbolism is potent in this events

How's this for symbolism?

https://www.reddit.com/r/wallstreetbets/comments/1ehjuzj

 

[styx]

It's an industrial lheman moment for the us: crowdstrike, boeing, intel are all black swans