American Economics Thread

luminary

Senior Member
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Entertainment companies are struggling in ways nobody anticipated just a few years ago.
The TV business also hit a wall in 2023. After years of steady growth, the number of scripted series has started shrinking.

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Music may be in the worse state of them all.


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Pure play media companies like Paramount and Warner Brothers Discovery are currently losing money. Both companies have lost core business revenues as cord cutting continues, and their streaming platforms haven’t yet delivered. A
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between the two companies also fell apart in February 2024.
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styx

Junior Member
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The continuous blacklisting of Chinese companies like CATL or Tencent demonstrates that the United States is willing to harm itself in order to harm China. Let's be honest, close collaboration with CATL would only benefit the U.S. auto industry, yet they hope for the emergence of some champion that has very little chance of succeeding. I truly don't see the point of the ongoing blacklisting, other than increasing animosity between the Chinese and American people, raising the possibility of open conflict, which would obviously lead to immense destruction.
 

Serb

Junior Member
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It seems like the American nominal GDP is on track to be at least twice China's size in the coming years. Their people sure are loving it!



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I think we’re heading for a mass revolt soon after these new Trump tariffs and sanctions against China 2.0 roll out.

It’s like they’re doubling down on squeezing people even more as if the existing neo-feudal rent-seeking and indirect tax of excessive government money printing weren’t bad enough.

Now, they’re going after the most deflationary part of the economy for reasons that only they seem to understand.

By targeting consumers’ brightest economic relief point in recent years, all in the name of dreams like "reshoring" and "domestic manufacturing," they’re chasing goals that won’t materialize in a 30-year timeline if they’re even achievable at all.

What these sanctions will likely achieve, though, is accelerating unrest, and civil conflict. But hey, that’s how you get that magical 2% inflation on paper that macro bros talk about, right?

So, after this next round of Trump-induced price hikes, even the most corrupt government agencies will have trouble cooking the books to hide the reality with creative accounting tricks.

Honestly, the US is starting to look like the USSR, an economy built on inferior domestic products, runaway inflation, and a situation where only the wealthy can access higher-quality imports from China.

Let’s face it: there’s no real competition for China. Even with tariffs and relocation driving up prices, no one comes close to matching the value and affordability of Chinese goods right now.

These American elites seem to forget that these products were the only reason their entire house of cards didn’t collapse the moment the oligarchization and financialization of the economy kicked off decades ago. Now, they’re about to face the consequences!
 

Serb

Junior Member
Registered Member

US corporate bankruptcies hit 14-year high as interest rates bite​


US corporate bankruptcies have surged to their highest levels since the aftermath of the global financial crisis, as persistently high interest rates and weakened consumer demand place severe pressure on struggling businesses.

At least 686 companies filed for bankruptcy in 2024, an 8% increase from the previous year and the highest number since 2010, according to S&P Global Market Intelligence.

Out-of-court restructuring efforts aimed at avoiding insolvency have also risen, outpacing formal bankruptcies two-to-one, Fitch Ratings reported. These liability management exercises often delay rather than solve underlying operational challenges, leaving many companies still vulnerable to bankruptcy.


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While overall employment is rising in the US, small business growth is lagging, indicating that jobs are moving from small businesses to larger businesses. The report found that small business employment declined by 51,200 jobs over the past 12 months while revenue declined by $11,850 per small business, on average.

This was the largest year-over-year decline in employment since 2015 and the third consecutive year-over-year decline in revenue. And on an annual basis, all 12 sectors and four of the eight US regions the study covers show declining employment from October 2023 to October 2024.



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Yet, they obsess over China's low bond yields that in part helped create the highest productivity addition in a single year in history in any economy lmao.

The real economy is not about Trump's virtual stock market gains caused by a few dozen tech companies and a few hundred top-notch unproductive rent-seekers.

But the average brainrot American looks at the headline, Open AI, NVIDIA, bla, bla, not realizing that's 0.01% of the entire workforce.
 

siegecrossbow

General
Staff member
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US corporate bankruptcies hit 14-year high as interest rates bite​









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Yet, they obsess over China's low bond yields that in part helped create the highest productivity addition in a single year in history in any economy lmao.

The real economy is not about Trump's virtual stock market gains caused by a few dozen tech companies and a few hundred top-notch unproductive rent-seekers.

But the average brainrot American looks at the headline, Open AI, NVIDIA, bla, bla, not realizing that's 0.01% of the entire workforce.

Economy under Biden is so great that Americans are shocked and quantify and quality of Chinese groceries on XHS. Chinese boomers turned a shithole country into a Super Power. American boomers turned a hyper powered into a shithole country. To the deep state elites sucking on oxygen all I have to say is this.

 

Michaelsinodef

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US corporate bankruptcies hit 14-year high as interest rates bite​









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Yet, they obsess over China's low bond yields that in part helped create the highest productivity addition in a single year in history in any economy lmao.

The real economy is not about Trump's virtual stock market gains caused by a few dozen tech companies and a few hundred top-notch unproductive rent-seekers.

But the average brainrot American looks at the headline, Open AI, NVIDIA, bla, bla, not realizing that's 0.01% of the entire workforce.
Not surprising.

Lots of companies were able to get very low % loans before the rate increase happened.

And now, when they have to start to roll them over, interest on new loans are much higher and it's really making things difficult for businesses.

And that's just '1 of the many problems' they face.
 
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