American Economics Thread

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gadgetcool5

Senior Member
Registered Member
emblem21 said:
Hopefully Boeing will end up having even greater disasters down the road, topped off by complete bankruptcy for good measure while the USA fails to save there worthless asses due to there money being worth 0
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It's morally heinous to hope for disasters that lead to loss of life.

It's simple - China should not approve the 737 Max unless it has guarantees that the ARJ21, C919 and Comac generally will not be kneecapped by the entity list.
 
C

caudaceus

Senior Member
Registered Member
LesAdieux said:
Friday's job report: Nov and Dec were sharply revised down by 159k, only 37k jobs were added in the last two months. the first reading of Q4 GDP growth at 4.0% is certainly over estimated. 49k jobs for January, 1/5 of CITI's forecast.
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I heard that the labour participation rate fell sharply.
 
Gatekeeper

Gatekeeper

Brigadier
Registered Member
localizer said:
@Gatekeeper
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You ever teach about stagflation?
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Yes it's obligatory. Stagflation is not a new phenomenon. It's started around the 1970s. Which led to the rise of monetarist and the decline in Keynesianism.

But of course no one dare mention, that the west support in the Yom Kippur war, and the subsequent turning off the oil tap by the Arabs would have anything to do with it? Plus the fact tricky Dicky Nixon abandoning the gold standard.

All these leads to cost-push and import-push inflation and stagnant economic growth, which is hence the name "stagnant inflation" (stagflation).

Joy, I remember queuing for petrol in parents car. I thought we will be spending half our lives queuing!
 
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