The Bank of Canada continues to cut rates while the US Federal Reserve holds. It wouldn’t be good for Canada if the Loonie continues to drop as they import much of their refined goods.
American Economics Thread
- Thread starter Bernard
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The Bank of Canada continues to cut rates while the US Federal Reserve holds. It wouldn’t be good for Canada if the Loonie continues to drop as they import much of their refined goods.
That what happens when you create a culture of participation trophies and everyone is special in schools and universities. TSMC would be better off hiring middle school dropouts, truckers, constructions and steel factory workers to run the fabs.
supercat
Major
The Economist, nuff said.
Translations of some China-hating speech:
What Michael Pettis would have said about Hohhot's (the capital of inner Mongolia) pro-birth policies:
Translations of some China-hating speech:
What Michael Pettis would have said about Hohhot's (the capital of inner Mongolia) pro-birth policies:
Part 30:
We just witnessed the biggest month-over-month drop in retail sales since January 2024:
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We’re also seeing subprime defaults rise. In fact, the delinquency rate for subprime auto loans that are at least 60 days delinquent just hit an all-time high:
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In January, pending home sales fell to an all-time low:
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Alarmingly, approximately one in every seven pending home sales was canceled in January. This represents “the highest cancellation rate for this time of year since at least 2017”:
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For a long time, the U.S. exported far more food than it imported, but now the reverse is true. By 2025, the U.S. is expected to have a $49 billion agricultural trade deficit …
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Americans consume far more than they produce, buy far more things than they make, accumulate the largest mountain of debt in the history of the world, and depend on the rest of the world to send them what they need. GDP growth is expected to be negative during the first quarter, inflation is rising again, home sales are at extremely depressed levels, retail sales are down, stores and restaurants are closing at a staggering rate, debt levels are out of control, and mass layoffs are happening across the country:
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The trade deficit with the rest of the world has reached an all-time high:
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The percentage of Americans who are “raiding their retirement savings” has never been higher:
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This year, the price of a dozen eggs in the United States hit an all-time high:
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Coresight Research is telling us that approximately 15,000 stores will permanently close in the United States by 2025. That would be a new all-time high by a wide margin.
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Credit card debt in the United States surpassed the $1.2 trillion mark for the first time:
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Total U.S. household debt has surpassed the $18 trillion mark for the first time:
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The U.S. national debt has surpassed the $36 trillion mark for the first time.
People who have 401Ks are usually financially responsible enough that they only withdraw money before retirement if there is no other choice. Probably most are jobless and have run out of savings.
At BestBuy, the dude told me 2 weeks ago they were told DJI wasnt going to be allowed to be sold in US soon....(from up above, Congress etc) seems legit, they dont have a single inventory etc, just demo units
In retrospect the removal of the NFZ geo makes sense etc
In retrospect the removal of the NFZ geo makes sense etc
Also Ray Dalio recently said he doesn't think its even a contest anymore, basically China won, and US headed for civil war etc