I feel like this thread is just too much mud slinging and shitting on the US. It just doesn't seem informative or constructive.
American Economics Thread
- Thread starter Bernard
- Start date
The composition basket of retail sales and CPI is broadly the same over the time period and CPI adjustments are broadly neutral towards CPI levels
If you seriously think small businesses today are doing worse than during the pandemic, lol, no.
manqiangrexue
Brigadier
I agree that your reading comprehension is insufficient to intelligently continue the conversation.
In that the Chinese scores are likely above the generalized Asian scores (mimicking the British data) and the Asians scores are shown to be the highest scores in the US.
Not at all. They are a mixed bag, some of the well-educated, but at least equally of those confined to menial labor with no effective education and many without even the legal means to be in the US.
And furthermore, educational level of the parents, for immigrant cases, is not even positively correlated with academic performance in the US so your entire point is moot.
Because you cannot read and extrapolate data. Chinese outperform all others internationally. All successful Olympiad math teams are mainly Chinese in composition, and in the UK, there is actual data to show that Chinese perform above all other Asian ethnic groups. Whatever criteria they have for immigration selection would have already been cancelled out assuming they apply to all Asian immigrants. Your "skepicism" is called selective blindness.
You have once again shown your incompetence at data selection. The study I showed said that on average second generation immigrants perform better than first or third generation. Your study extends to the entire population of the US. The mechanics are completely different as your local population bears no resemblence to Chinese people or our culture. Your poor are happy to use drugs and remain impoverished while poor Chinese fight tooth and nail through education to advance themselves.
By Christopher Condon
April 16, 2024 at 1:00 PM UTC
The International Monetary Fund leveled an unusually direct criticism at US policymakers Tuesday, saying the country’s recent standout performance among advanced economies was in part driven by an unsustainable fiscal policy.
“The exceptional recent performance of the United States is certainly impressive and a major driver of global growth,” the IMF said in its annual World Economic Outlook. “But it reflects strong demand factors as well, including a fiscal stance that is out of line with long-term fiscal sustainability.”
Washington’s overspending, the report said, risks reigniting inflation and undermining long-term fiscal and financial stability around the world by ratcheting up global funding costs.
“Something will have to give,” the IMF warned.
US deficit spending has been driven in recent years by Covid-related stimulus, aggressive investments in infrastructure and clean energy, and exploding interest costs. Debt held by the public is expected to reach $45.7 trillion, or 114% of GDP by 2033, up from 97% at the end of 2023, according to the .
Treasury Secretary Janet Yellen has so far sought to downplay the growing worries. Debt sustainability, she has said repeatedly, is best measured by the cost to service debt as a percentage of GDP, adjusted for inflation. expenses will remain below 2% of GDP for the coming decade, according to White House projections.
Yet that forecast is vulnerable, Yellen has conceded, should interest rates remain elevated.
Yes and no. US economy is performing poorly. Natrually, this leads to more criticism. If the criticism is legit and meaningful, it is fair. It is not like people bash US for no reason here.
If I wanted a forum/discussion that doesn't dump on the US, I'm literally spoilt for choices. In fact, it's all I can do to avoid any form of media that doesn't push the US/India good, China bad narrative in my face 24/7/365
So we have one forum, SND, where the US gets dumped on harshly (I don't disagree on this point).
In the face of this you cry foul? Hey, welcome to the world of the pro-Sino (or even non-aligned) peeps who have to face the anti-China shitshow that is the english language infospace on a daily basis from all directions.
SND is where I can go to have that narrative reversed and give me pointers as to where to look to make my own informed opinion. This final opinion may or may not be contrary to the BS that gets shoveled at me daily but at least I'm getting different flavours of shit to choose from and isn't that what the west supposedly champions - freedom of choices?
If you seriously can't take the heat, then please do get out of the kitchen ... or go back to Reddit.
People who are on the same page as the mainstream propaganda are not coincidentally also glass hearted hypocrites. Crying foul at any sign that their privilege is being inverted. I say to hell with all those people.
The believe that all these adjustments made in the CPI calculation over the years doesn't impact the final results is naive. Just look at shadow stats.
And the issue is not that small businesses are worst off today than during the pandemic but rather their outlook towards the future is worst now. During the pandemic their was government aid and they can look forward to the end of the pandemic. Today things are so bad that they can only look forward to closing down their business in the future.
You're not wrong.
Having said that, there is definitely plenty to be upset about with the U.S. economy lol, but that's true with any country.