American Economics Thread

[Just4Fun]

The death of Iran's Qassem Soleimani is a big issue. Never underestimate its impacts to US economy.

The potential results could be: gold goes up, crude goes up, dollar goes down, inflation goes up, US military spending goes up, US casualties in the ME go up, US debts go up. None of them is good to US economy. The Fed could have to raise interest rates earlier than expected.

Pentagon: Iran's Gen. Soleimani killed in airstrike at Baghdad airport

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[AssassinsMace]

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What was that about accusing China of weaponizing its economy...?

 

[Jura The idiot]

let me see ... Dec 27, 2019

Dec 12, 2019
now kind of surreal
Spotlight: Wall Street notches record highs as year-end rally continues
Xinhua| 2019-12-27 08:07:24

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was 28621 and today it's a new high of almost 29300

 

[Just4Fun]

No, I've seen a lots of problems ahead. The US is likely to see its national debt breakthrough the $25 Trillions mark before 2022 due to run-offs of military spending in the ME.. And after 2022, there will be a lots of interesting things happen in the world in the backdrop of an unprecedented, unsustainable, unstoppable US national debt.


The US is running a $1 trillion deficit, but politicians and investors don’t see a problem
PUBLISHED FRI, JAN 17 202011:14 AM ESTUPDATED FRI, JAN 17 20202:00 PM EST

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KEY POINTS

• The U.S. government is on track to run its first fiscal year deficit of more than $1 trillion since fiscal 2012.
• Economists and politicians were once very concerned about ballooning deficits, but the shortfall has been quietly growing since 2015, and because of super low interest rates and a healthy economy, nobody seems to care.
• As long as the economy grows and interest rates stay low, the markets — and politicians — will likely ignore the growing deficit and continue to propose new programs that will increase government spending.

 

[Tam]

Did you watch that Youtuber who flew from China to the US and no one bothered to medical check or quarantine him because he was an American citizen? He made a video about it.

Also just watched a few days ago in YouTube by CNBC how US hospitals are disappearing across the landscape.

 

[B.I.B.]

Did you watch that Youtuber who flew from China to the US and no one bothered to medical check or quarantine him because he was an American citizen? He made a video about it.

Also just watched a few days ago in YouTube by CNBC how US hospitals are disappearing across the landscape.

I
In Nz a average of a thousand students or Chinese with Nz residency are returning and its left up to themselves to decide if they want to voluntarily self quarantine.
So far.about a third have notified authorities that they were self quarantining.

 

[lightmap]

Maxed out the credit card now borrowing from the 401k account.

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[Tam]

Maxed out the credit card now borrowing from the 401k account.

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That is a pretty dumb decision by Trump when oil prices are at a low due to weakened demand and oversupply.

 

[ZeEa5KPul]

Also just watched a few days ago in YouTube by CNBC how US hospitals are disappearing across the landscape.

How is this happening!? They charge thousands of dollars for an ambulance ride! How are they not more profitable than casinos?

 

[AssassinsMace]

I know someone who recently took an ambulance because of a work related accident. If there was no insurance, they were going to charge $5000 for the ambulance ride.