American Economics Thread


KYli

Junior Member
Ok, something is not quite right here, I thought lower house prices are going to make it easier to buy houses, thus less crime instead of making things harder and thus more crime. Sooner or later, he is going to slip up and bring the whole country down with him
Not really, gentrification occurs when home prices increase, a process by which the poor and working class people are displaced by more wealthy newcomers. Having more wealthy newcomers in a neighbor would decrease the crime in that particular area. For example, many Caucasians have returned to Manhattan in recent years to enjoy the urban and excitement. In the process, rental prices and home prices increase and forcing poor working class people who can't afford the rent to leave. In the end, there are more white people, more wealthy neighbor, and less crime in NYC.
 

emblem21

New Member
Registered Member
Not really, gentrification occurs when home prices increase, a process by which the poor and working class people are displaced by more wealthy newcomers. Having more wealthy newcomers in a neighbor would decrease the crime in that particular area. For example, many Caucasians have returned to Manhattan in recent years to enjoy the urban and excitement. In the process, rental prices and home prices increase and forcing poor working class people who can't afford the rent to leave. In the end, there are more white people, more wealthy neighbor, and less crime in NYC.
Only in that location I guess but it still doesn’t solve the overall problem in that it’s the white people that have all the privileges and anyone else doesn’t. Also it doesn’t help to ease the fact that the poor get poorer so crime is still going to go up regardless, just in different areas
 

localizer

Senior Member
Registered Member
the US economy shrank 9.5% in Q2 over Q1, which annualized to minus 32.9% in real term. with CPI at minus1.5%, in nominal term the economy contracted by 11%, which annualized to -37.3%.

weekly unemployment filing at 1.43 million, the 19th week exceeding the million mark.
1596121957471.png

Important thing here is that continuing jobless claims increased when it has been decreasing every week before.

 

bajingan

Junior Member
trump is increasingly desperate his chances of reelection is getting smaller by the day as the economy crater
The danger is he might try something reckless in scs to bolster his reelection chances
 

Gatekeeper

Captain
Registered Member
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Please know that the 33% decrease is calculated as annual rate. It does not mean the GDP shrank by more than 30% in just 3 months.
the US economy shrank 9.5% in Q2 over Q1, which annualized to minus 32.9% in real term. with CPI at minus1.5%, in nominal term the economy contracted by 11%, which annualized to -37.3%.

weekly unemployment filing at 1.43 million, the 19th week exceeding the million mark.
View attachment 62112

Important thing here is that continuing jobless claims increased when it has been decreasing every week before.

Here's the drop in graph by BBC. It's scary.

IMG_20200731_201129.png
 

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