American Economics Thread

Yvrch

Junior Member
Registered Member
Yet you're the one who haven't substantiated any of your positions.

Your repeated wishing ill to Americans and quick resort to character attacks also highlight your prejudiced perspective driving the more relevant parts of your posts to skirt around and obfuscate the issues of poor food quality, food price inflation, how they factor into US-China food trade, and their impact on Americans.

Lol you are bringing up those issues as if you were born yesterday.
Are you really pretending to be that young,mentally or otherwise?
Do you still remember the battle of seattle? Geneva protests? Food safty, environmental protection, labor rights, all of them have been at forefront all along.
You woke up last week and found that first tranche of China trade deal in the news and wondered: Hmmm, would the food quality and price here change in a fashion that I couldn't approve? LoL
That's your first confusion.
Why would you all of a sudden show such concerns? Because you saw the name "China"?
Have you ever wondered what Monsanto is doing? For that matter, JBS or Smithfield ? Or Chipotle? or bovine growth hormone, or the sanitary processes in food plants that bring us drug resistant bectria.
Why is US a lone country in the whole world not a ratified signatory of MEA Biodiversity rule? Oh, maybe Monsanto has something to do with it? LoL. Tell me about your food safety concerns. LoL.
Have you ever wondered maybe some Green Box subsidies should be channeled to developing countries to help grow their food industry, instead of using it as a stick to buckle their feet?
How many food recalls do you remember within last month, supposed you are more than a month old,mentally or otherwise?
How many times have you read the food labels? What do they say and don't say? Are they accurate, or even true at all?
How about the Vietnamese prawns and Talapia? or Mexican tuna?
Have you ever wondered why US corporations keep prowling for places across the globe with cheap labor, lax labor rights and environmental regulations?
Or why do IMF, World Bank, WTO and big corporations sometimes sound like they are reading off the same script?
Why have China's air, water and soil pollution became so unbearable? Have you paid a full price for it when you shop around consumer goods made in China?
Now China has to foot the bill so that you can have your juicy steak or crunchy apple bought with ever more growing IOU's?
And yet you have the pretension to hope for a win win situation. Did you mean you want to win twice? That's your conflict: want to show a friendly face but have to win it all.
Face it: it is a mercantilist world view to the bone.
That's the internal rot that will inevitably take US of A down: wanting for more and more stuff, but related costs are optional, duty and self restraint be damned. Look at American domestic affairs and politics.
You may want to show yourself in the light of would-be helpless innocent victim of this in your view nefarious trade, but you actually are a wilful accomplice all along.
Your greed, your rot, your entitlement, your demand for abundance which is the basis of freedom, these are internal contradictions that look for ever urgent solutions in an ever wider circles beyond American borders because resources within American borders are not enough. Oil, cheap credit, cheap consumer products, the list is endless.
Look at the endless wars for resources and commercial profits since the 19th century.These are the outcomes of internal rot. So far you have outrun the rot, but for how long , as the whole world around you grow up and give you a run for your money? LoL.
American exceptionalism, LoL.
 

Bernard

Junior Member
Always seen these! It is insane! Here is the 2017 edition

us-states-renamed-gdp.jpg


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Lol you are bringing up those issues as if you were born yesterday.
Are you really pretending to be that young,mentally or otherwise?
Do you still remember the battle of seattle? Geneva protests? Food safty, environmental protection, labor rights, all of them have been at forefront all along.
You woke up last week and found that first tranche of China trade deal in the news and wondered: Hmmm, would the food quality and price here change in a fashion that I couldn't approve? LoL
That's your first confusion.
Why would you all of a sudden show such concerns? Because you saw the name "China"?
Have you ever wondered what Monsanto is doing? For that matter, JBS or Smithfield ? Or Chipotle? or bovine growth hormone, or the sanitary processes in food plants that bring us drug resistant bectria.
Why is US a lone country in the whole world not a ratified signatory of MEA Biodiversity rule? Oh, maybe Monsanto has something to do with it? LoL. Tell me about your food safety concerns. LoL.
Have you ever wondered maybe some Green Box subsidies should be channeled to developing countries to help grow their food industry, instead of using it as a stick to buckle their feet?
How many food recalls do you remember within last month, supposed you are more than a month old,mentally or otherwise?
How many times have you read the food labels? What do they say and don't say? Are they accurate, or even true at all?
How about the Vietnamese prawns and Talapia? or Mexican tuna?
Have you ever wondered why US corporations keep prowling for places across the globe with cheap labor, lax labor rights and environmental regulations?
Or why do IMF, World Bank, WTO and big corporations sometimes sound like they are reading off the same script?
Why have China's air, water and soil pollution became so unbearable? Have you paid a full price for it when you shop around consumer goods made in China?
Now China has to foot the bill so that you can have your juicy steak or crunchy apple bought with ever more growing IOU's?
And yet you have the pretension to hope for a win win situation. Did you mean you want to win twice? That's your conflict: want to show a friendly face but have to win it all.
Face it: it is a mercantilist world view to the bone.
That's the internal rot that will inevitably take US of A down: wanting for more and more stuff, but related costs are optional, duty and self restraint be damned. Look at American domestic affairs and politics.
You may want to show yourself in the light of would-be helpless innocent victim of this in your view nefarious trade, but you actually are a wilful accomplice all along.
Your greed, your rot, your entitlement, your demand for abundance which is the basis of freedom, these are internal contradictions that look for ever urgent solutions in an ever wider circles beyond American borders because resources within American borders are not enough. Oil, cheap credit, cheap consumer products, the list is endless.
Look at the endless wars for resources and commercial profits since the 19th century.These are the outcomes of internal rot. So far you have outrun the rot, but for how long , as the whole world around you grow up and give you a run for your money? LoL.
American exceptionalism, LoL.

Mostly valid points although maybe only half of them are relevant to the particular contemporary issues I brought up rather than historical background. Of the relevant half you mistakenly, perhaps lazily and cowardly, lay the responsibility at average Americans' feet and implicitly at the US government's while for the first time and barely bringing up the driving role of corporations and the elites at their wheels. Don't forget about the willful accomplices among other countries' governments, corporations, and elites, who just like their US counterparts are vastly more knowing and influential, and ultimately their own decision maker, on how the world's food system works while average people everywhere, including average Americans, just have to live with the consequences.
 

Yvrch

Junior Member
Registered Member
Mostly valid points although maybe only half of them are relevant to the particular contemporary issues I brought up rather than historical background. Of the relevant half you mistakenly, perhaps lazily and cowardly, lay the responsibility at average Americans' feet and implicitly at the US government's while for the first time and barely bringing up the driving role of corporations and the elites at their wheels. Don't forget about the willful accomplices among other countries' governments, corporations, and elites, who just like their US counterparts are vastly more knowing and influential, and ultimately their own decision maker, on how the world's food system works while average people everywhere, including average Americans, just have to live with the consequences.

Dude, herein lies the challenge that force me to dial in 1-800 hayseed helpline.

Whatever was historically covered, that's applied to the current as a minimum.
Nobody is going to re-create the wheel over and over again; but honestly I can't tell for sure given the conversation here.
Whatever was covered in Kennedy round was the starting point of Tokyo round, the following one GATT. Whatever was sorted out and agreed upon, they don't deal with them again in the next round, unless no agreement was reached or negotiating parties agree in consensus that new issues should be added and negotiated. Nobody has endless budget or manpower to reinvent the wheels. Singapore issues, not resolved in Uruguayan round in GATT was carried over to Doha round in WTO, so on and so forth. The issues you think are contemporary issues, had been actually dealt with, and a very contentious one at that.So if you don't know the history and issues, you're butt naked, yet have an oversized confidence in the efficacy of ignorant sincerity.

I'm not sure if you can call me lazy and cowardly. But I'm very confident I can delve into more of your " average American" and " American exceptionalism" stuff and boil your blood like there is no tomorrow. So you should be well advised to drop it.

Run along now.
 
Dude, herein lies the challenge that force me to dial in 1-800 hayseed helpline.

Whatever was historically covered, that's applied to the current as a minimum.
Nobody is going to re-create the wheel over and over again; but honestly I can't tell for sure given the conversation here.
Whatever was covered in Kennedy round was the starting point of Tokyo round, the following one GATT. Whatever was sorted out and agreed upon, they don't deal with them again in the next round, unless no agreement was reached or negotiating parties agree in consensus that new issues should be added and negotiated. Nobody has endless budget or manpower to reinvent the wheels. Singapore issues, not resolved in Uruguayan round in GATT was carried over to Doha round in WTO, so on and so forth. The issues you think are contemporary issues, had been actually dealt with, and a very contentious one at that.So if you don't know the history and issues, you're butt naked, yet have an oversized confidence in the efficacy of ignorant sincerity.

I'm not sure if you can call me lazy and cowardly. But I'm very confident I can delve into more of your " average American" and " American exceptionalism" stuff and boil your blood like there is no tomorrow. So you should be well advised to drop it.

Run along now.

Lol, now that you've again shown that you're mistaken in more ways than one and being willfully tunnel visioned and prejudiced it will be in vain for me to attempt further discussion. Hope you find consolation behind your pompousness fig leaf.
 
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Yvrch

Junior Member
Registered Member
Lol, now that you've again shown that you're mistaken in more ways than one and being willfully tunnel visioned and prejudiced it will be in vain for me to attempt further discussion. Hope you find consolation behind your pompousness fig leaf.

LoL definitely good to have some quiet.
Reasoning with an idiot would make me another LoL.
Average American LoL.
 

B.I.B.

Captain
I come across an increasing amount of talk that because of continued low and negative interest rates, and money printing, unjustified stock market values etc,we are going to see another recession within the next 2-3yrs.
What do folks here reckon?.
 

Equation

Lieutenant General
Whether you believe in this news are not, but reading the comments on this article is funny as hell. We get both the pro Trump and anti Trump crowd jostling with each other.:D:p

Job growth in America is 'rip-roaring'



The U.S. labor market continues to beat expectations.


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“May proved to be a very strong month for job growth,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute.

“Professional and business services had the strongest monthly increase since 2014. This may be an indicator of broader strength in the workforce since these services are relied on by many industries.”

On Friday, the government will release its official jobs data for May, which is expected to show the economy added 180,000 nonfarm payrolls during the month.

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Private payrolls growth remains strong in America. (Source: ADP)
“Job growth is rip-roaring,” said Mark Zandi, chief economist at Moody’s Analytics.

“The current pace of job growth is nearly three times the rate necessary to absorb growth in the labor force. Increasingly, businesses’ number one challenge will be a shortage of labor.”




According to ADP, the biggest gains in employment in May came from medium-sized businesses, with 50-499 employees, as 113,000 positions were added in this space. Small businesses added 83,000 jobs in May.

By sector, the services sector was a biggest gainer by far, adding 205,000 jobs during the month. Services account for the vast majority of GDP in the U.S. This was led by an 88,000 job gain in the professional and business services space, while healthcare and education services aded 54,000 jobs in May.

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The services sector continues to dominate hiring in America. (Source: ADP)
In a note to clients following the report, Ian Shepherdson, an economist at Pantheon Macroeconomics said the number is “not an infallible guide to payrolls,” but added that this is “consistent with a strong report [on Friday].”

But with the official unemployment rate down at 4.4% — the lowest in a decade — and wages rising nicely but not accelerating the way some economists had expected, the question now is how many more workers the economy can absorb, and how many more are left to find jobs.

Or as Neil Dutta, an economist at Renaissance Macro, asked rhetorically on Thursday after ADP’s number: “Where are these people coming from?”

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