American Economics Thread

H

HighGround

Senior Member
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Delivering an
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in Jackson Hole, Wyoming, Friday morning, Powell underscored that the economy was engaged in a “curious kind of balance” from a slowdown in both the supply and demand for workers.
“This unusual situation suggests that downside risks to employment are rising. And if those risks materialize, they can do so quickly in the form of sharply higher layoffs and rising unemployment,” Powell
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.
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For those wondering. Job losses + labor force contraction = reduction in output.

If the trend is bad enough, it means a drop in rGDP even if nominal GDP increases. On the other hand, if it's bad enough it could also be deflationary, which does give room to drop rates (mortgage refinance here we go thank you).
 
G

GulfLander

Colonel
Registered Member
The Chicago Purchasing Managers’ Index (Chicago Business Barometer) slowed in August, reversing most of the gains seen in July. The index fell 5.6 points to 41.5, the largest monthly decline since December 2023. The latest reading marked the 21st consecutive month of contraction for the index and was below the forecast of 46.6.
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C

CMP

Captain
Registered Member

The cognitive dissonance is wild to me. The rural whites hate Chinese and love to vote for politicians that want to hurt China, and are shocked when Chinese refuse to buy from them moving forward. I know that if I was a customer of a business and they started showing disdain towards me or undermining my interests, I would certainly pivot to alternatives or change my lifestyle to avoid needing to buy from them.
 
broadsword

broadsword

Brigadier

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Battery maker Natron closes shop, killing plans for 1,000 jobs in North Carolina​

The maker of sodium-ion batteries failed to raise funding from investors or sales, so it decided to close facilities in Michigan and California. Plans for a $1.4 billion factory in the Rocky Mount area are also dead, state officials said.


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Just when people are raising their hopes for a cheaper type of battery, an early entrant bites the dust.
 
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