American Economics Thread

[HighGround]

All my clown friends who preferred Trump still telling me about how he's so much better than Biden. lmao

 

[supercat]

Starbucks has a potentially strong competitor from China. From the WSJ:

Starbucks Faces a New Rival That Won’t Let Up​

China’s Luckin opened its first stores in New York, showing off its mobile app and low prices, areas where Starbucks has struggled

Please, Log in or Register to view URLs content!

It seems that Trump has lost confidence for this year and next year, with some good reason.

https://twitter.com/i/web/status/1964780964254503304

https://twitter.com/i/web/status/1964705467319390488

 

[zbb]

Another US Jobs Markdown Sets Stage for Fed Cut, BLS Criticism

Please, Log in or Register to view URLs content!

​

 

[siegecrossbow]

All my clown friends who preferred Trump still telling me about how he's so much better than Biden. lmao

That’s like asking whether you prefer leukemia or aids.

 

[dingyibvs]

Another US Jobs Markdown Sets Stage for Fed Cut, BLS Criticism

Please, Log in or Register to view URLs content!

View attachment 160347​

Actual revision is down by 911k, almost 100k worse than even the massive predicted 818k. I really don't know how the initial estimates are made. In the US everyone knows the job market sucks and has been for a while now, yet time and again we get these blow out initial jobs reports. It's like the "vibe-session" days when everyone knows inflation was massive but the numbers keep getting better.

Please, Log in or Register to view URLs content!

 

[siegecrossbow]

Actual revision is down by 911k, almost 100k worse than even the massive predicted 818k. I really don't know how the initial estimates are made. In the US everyone knows the job market sucks and has been for a while now, yet time and again we get these blow out initial jobs reports. It's like the "vibe-session" days when everyone knows inflation was massive but the numbers keep getting better.

Please, Log in or Register to view URLs content!

A million fake jobs omfg…

Waiting for boomers to tell Gen Z new grads to start taking over farming jobs from deported illegals. To be fair they probably can make a lot from livestreams if they do have to pick strawberries.

 

[bebops]

Anyone heard about this? Using crypto to devalue or pay off the 35 trillion debt.. does anyone know if this will work?

Please, Log in or Register to view URLs content!

 

[gelgoog]

It is just another way of debasing the dollar. Like Nixon breaking the peg with gold.

They put the debt into this new cryptocurrency and then debase it by currency emission.

 

[Wrought]

A paper on US industrialization from 1790-1870 which, surprise surprise, relied heavily on tariffs, protectionism, and industrial policy.

Please, Log in or Register to view URLs content!

 

[siegecrossbow]

Please, Log in or Register to view URLs content!

Inflation is transitory, Biden doesn’t have dementia, and there is no such thing as the Epstein list.