American Economics Thread
- Thread starter Bernard
- Start date
"In March, everything went down in the dash for liquidity, even Amazon. From the bottom of the market (on 23rd March) to 11th August, US technology stocks are up almost 60% and up c. 23% since the beginning of the year. In US dollar terms, Apple is up 50%, Microsoft is up 30%, Facebook is up 25% and Spotify is up 70%. It is truly astonishing.
The Nasdaq, crudely, is back to the giddy days of 2000, before the dotcom bust. The value of the ‘Fab Five’ – Apple, Microsoft, Amazon, Google and Facebook – is more than the stock markets of several western economies. Indeed, taken together, Microsoft and Apple are more valuable than the entire German stock market.*"
US tech is skyrocketing. The idea that the pandemic has brought the US low and China can beat this and doesn't need to improve its relations with the US is dead wrong.
The Nasdaq, crudely, is back to the giddy days of 2000, before the dotcom bust. The value of the ‘Fab Five’ – Apple, Microsoft, Amazon, Google and Facebook – is more than the stock markets of several western economies. Indeed, taken together, Microsoft and Apple are more valuable than the entire German stock market.*"
US tech is skyrocketing. The idea that the pandemic has brought the US low and China can beat this and doesn't need to improve its relations with the US is dead wrong.
manqiangrexue
Brigadier
US stock market is manipulated by the Fed. You can see the economy in a 30% recession and stocks growing; it doesn't mean anything. Chinese tech develops faster than American tech every day. That means something.
China doesn't need to improve relations with the US because they are natural competitors, frenemies at best. If China needs good relations with its main nemesis to rise because it cannot do so on its own power, then it doesn't deserve to rise at all. Your idea is futile and stupid as always. If your mind is just too dead to see that, we can do an exercise for your education: you should try improving relations with me and I'll show you how impossible it is first hand and we don't even have a natural rivalry.
Last edited:
What sort of economic students are you? Don't you know the stock market bears no relationship to the general health of the economy!
In economic theory, the value of a company should be reflected in the stock market prices. But as been shown time and time again with bubble and bust. The stock market is not a perfect market!
Do you really know how a company is valued? The amount of speculation is off the richter scale. Do you really think the value of these companies are worth 60% more than their worth back in March? What have these companies done to make it so? What's happened to the economy to make it so?
So yeah, think USA economy is booming all you like, but it doesn't make it so. USA is in recession, yet companies value increased?
Come on, CRTICALLY ANALYSE!
@Gatekeeper
I'm 90% sure he's a pro-US/anti-China troll from the pakistani forum. They got this guy that posts every time the stocks go up.'
Which means it's useless to respond to him because he's just doing it to waste people's time.
Last edited:
AssassinsMace
Lieutenant General
Improved relations is a euphemism for China to surrender unconditionally. There's nothing the US has to do to "improve relations" because their heart is in right place and altruism is their only motivation. When you get that kind of blind romantic non-sense, it's usually religiously motivated. It's always a one-sided affair. That's why someone like that spends so much time thinking they can convert the Chinese with their rude behavior.
Their market valuation is skyrocketing because people can see they are succeeding.
Apple's revenue is $59 billion a quarter.
China's biggest tech company, Tencent, makes $16 billion a quarter.
People need to let go of the idea that somehow acknowledging the reality of US strength in economics is "trolling" or "anti-China". It doesn't help a weak fighter to have him convinced he can beat a stronger fighter. If you are truly on the side of the weak fighter, you will want him to know he is weak. It's pro-China to advocate China acknowledges reality and makes policy accordingly.
manqiangrexue
Brigadier
Apple hardly even qualifies as a tech company; it makes overpriced phones with customer service that cheats its customers out of more money at every turn. It's just about money for Apple. Tencent and Huawei are actually tech companies working to forward Chinese tech. If Huawei turned into a Chinese Apple, that would be a major victory for the US.
You claim to study economics but you can't even acknowledge Fed interference to prop up the stock market?
You need to let go of the idea that money/profits are strength. Strength is in what you do. Although China's not comprehensively more powerful than the US, it's already strong enough to hold its own and it's growing much faster than America. Telling the second strongest fighter in the world to beg for a better relationship with the strongest fighter truly doesn't help him because the strongest fighter is always weary and scared of being overtaken by the second strongest. It's anti-China to advocate any policy that is futile, time-wasting, and self-harming.
Last edited: