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56860

Senior Member
Registered Member
US will be lucky to experience any GDP growth this year.

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The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2022 is 0.3 percent on September 20, down from 0.5 percent on September 15. After this morning's housing starts report from the US Census Bureau, the nowcast of third-quarter residential investment growth decreased from -20.8 percent to -24.5 percent.

With more interest rate hikes coming up, I'm expecting negative growth for both Q3 and Q4.
 

56860

Senior Member
Registered Member
German PPI. I cannot even begin to fathom how German industry is going to deal with this. They are done.

sx1fj519qzo91.jpg
 

supersnoop

Colonel
Registered Member

Petrolicious88

Senior Member
Registered Member
So the royalist supporters are saying it’s the Africans fault for slavery and it should be the African kingdoms who pay for reparations because they supplied the slaves. Probably their next excuse to justify their genocide in the Middle East. It’s their fault for existing.

There is some unfortunate truth to what she said. Some of the biggest slave merchants were kings and businessmen from Africa, especially those from West African nations. They were complicit and sold their own people for profit.
There were African businessmen that rounded up slaves for white merchants, they were those that acted as middlemen, and those that loaded and offloaded and supplied European ships with food and provisions. They negotiated prices for salves from the hinterlands, and collected royalties from both buyers and sellers.
Their legacy is just as dirty as the British.
 

GZDRefugee

Senior Member
Registered Member
Reminds me of my favourite American media quotes:
“The Chinese military is a clear and present threat to peace and freedom.”

And

“We have nothing to fear from the Chinese military because they have no experience fighting wars”
The followers must feel humiliated by the ostentatious wealth and force of their enemies. When I was a boy I was taught to think of Englishmen as the five-meal people. They ate more frequently than the poor but sober Italians. Jews are rich and help each other through a secret web of mutual assistance. However, the followers must be convinced that they can overwhelm the enemies. Thus, by a continuous shifting of rhetorical focus, the enemies are at the same time too strong and too weak. Fascist governments are condemned to lose wars because they are constitutionally incapable of objectively evaluating the force of the enemy.

Passage from Umberto Eco's Ur-Fascism (1995)
 
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