American Economics Thread


hullopilllw

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Samsara Files for IPO in Record Year for U.S. Software Listings​

So far this year, 80 software companies have raised $36 billion in IPOs on U.S. exchanges, eclipsing the previous record of $20 billion in 2020, according to data compiled by Bloomberg. Two of this year’s newly public companies, Playtika Holding Corp. and AppLovin Corp., raised $2 billion or more in their listings.

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remember the dotcom bubble ? Where any IPO with .com in it have their share price cooked to astronomical level ?
 

9dashline

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Inflation is still transitory?

Too much printed money and not enough goods to use them paper money,
Don't know about you guys/gals but I am stocking up. It's just prudent to do so.


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The supply chain issues in USA seem almost intentional, blamed on everything from Covid, to antivax workforce, to no truck drivers to clear the docks, etc...

But ... It all has to do with the fact that global energy production and consumption peaked in late 2019 and has been and will be going downhill year after year from here on out....

As America is the global hegemon that makes its wealth taxing everyone else as "rent", its actually more exposed to this than anyone with no place to hide

Most of the modern money/currency derives much if not almost all of its purchasing power from the "work multiplier effect" of energy... Society relies on cheap and abundant high density (low entropy and higher EROEI energy resources) to pump up the productivity of labor and production, without which everyone will be working much harder for much less real income....each American has somewhere between 200 to 8000 "Energy Slaves" but as cheap energy goes away, this is the real reason of rise of permanent underclass of third class gig workers, slave labor in US prisons, and massive underskilled cheap immigrant labor flooding into the borders...

Which as we crossed the global total energy inflection point in terms of availablity for consumption, this is exactly why real hyperinflation in US is close to 30%+ this year.

The US is intentionally crippling its supply chain so as to cause artificial consumption destruction so its that people cannot really spend the money, and with nowhere for that money to go then that their ponzi scheme of 401k, stonk markets, house tulip bubbles, and CIAcoins dont deflate as quickly...

This is analogous to grocery stores having fake food items to make it appear things are okay, its to prevent an even bigger panic so that people dont start hoarding and then all of a sudden you get a runaway situation...

How much longer can this cheap parlor trick of masking the real symptoms go on? I think when people realize their 401k's rose 25% this year but they cant even buy a xmas toy for little timmy and shelfs are near empty, but all they hear from leadership is you can still have a very merry christmas in their imaginations, thats when the US gov cant hide it anymore no matter what they do and the wheels really start to fall apart...
 

Crang

Senior Member
Registered Member
The supply chain issues in USA seem almost intentional, blamed on everything from Covid, to antivax workforce, to no truck drivers to clear the docks, etc...

But ... It all has to do with the fact that global energy production and consumption peaked in late 2019 and has been and will be going downhill year after year from here on out....

As America is the global hegemon that makes its wealth taxing everyone else as "rent", its actually more exposed to this than anyone with no place to hide

Most of the modern money/currency derives much if not almost all of its purchasing power from the "work multiplier effect" of energy... Society relies on cheap and abundant high density (low entropy and higher EROEI energy resources) to pump up the productivity of labor and production, without which everyone will be working much harder for much less real income....each American has somewhere between 200 to 8000 "Energy Slaves" but as cheap energy goes away, this is the real reason of rise of permanent underclass of third class gig workers, slave labor in US prisons, and massive underskilled cheap immigrant labor flooding into the borders...

Which as we crossed the global total energy inflection point in terms of availablity for consumption, this is exactly why real hyperinflation in US is close to 30%+ this year.

The US is intentionally crippling its supply chain so as to cause artificial consumption destruction so its that people cannot really spend the money, and with nowhere for that money to go then that their ponzi scheme of 401k, stonk markets, house tulip bubbles, and CIAcoins dont deflate as quickly...

This is analogous to grocery stores having fake food items to make it appear things are okay, its to prevent an even bigger panic so that people dont start hoarding and then all of a sudden you get a runaway situation...

How much longer can this cheap parlor trick of masking the real symptoms go on? I think when people realize their 401k's rose 25% this year but they cant even buy a xmas toy for little timmy and shelfs are near empty, but all they hear from leadership is you can still have a very merry christmas in their imaginations, thats when the US gov cant hide it anymore no matter what they do and the wheels really start to fall apart...
Interesting take.
Apparently anglo liberal democracies are no different to the Potemkin villages they liked to mock the soviets for back in the day.
Seriously, printing fake pictures of fully stocked items to hide the bare shelves?
Un-bloody-believable.
Positively North Korean
 

Andy1974

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Gosh.. this does seem very scammy. Debut on the stock market at a higher valuation than Ford and then as soon as markets close for the weekend they announce this..

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Rivian was worth $114 billion at the close on Friday, compared with Ford's $77 billion.

Much of the enthusiasm was fueled by the start-up's partnerships with Ford and with Amazon, which plans to buy 100,000 Rivian vans by 2030.
 

windsclouds2030

Junior Member
Registered Member
The US is intentionally crippling its supply chain so as to cause artificial consumption destruction so its that people cannot really spend the money, and with nowhere for that money to go then that their ponzi scheme of 401k, stonk markets, house tulip bubbles, and CIAcoins dont deflate as quickly...
IIRC Martin Armstrong did mention about intentionally crippling the supply chain (via ports congestion) so as to cause artificial consumption destruction. --
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It does not really make sense that a country as big as US can not solve its ports congestion for months to the level that the shelves are starting to get empty, and many parts (components) become scarcity, and people don't have the wanted goods for their most important celebration, Christmas holiday -- if the said problems like truckers are genuine then only a banana republic might undergo the same problem without quick solution. And here we're talking about clearing the imported goods from ports in reasonable time, not about the production or the industrialization itself! Also imagine the freight cost has increased multiple times esp. in the trans-Pacific trade lane.

Read on "How to make a billion when your ships are stuck at anchor"

Ocean carrier Zim, by far the largest U.S.-listed shipping company by market cap, just blew away the profit forecasts. Again. But it’s not all smooth sailing.

The Israel-based shipping line (NYSE: ZIM) is particularly exposed to the trans-Pacific trade lane, where port congestion is now having an extremely negative effect on volumes. Ship scheduling data confirms significant and growing fallout to Zim’s trans-Pacific services in the fourth quarter.

On Wednesday (17 Nov), the company reported net income for Q3 2021 of $1.46 billion, its highest quarterly profit ever, up 913% from net income of $144 million in Q3 2020. Earnings per share of $12.16 far exceeded the consensus forecast of $8.99. Soaring freight rates have been the overwhelming driver of Zim’s returns.

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Most of the modern money/currency derives much if not almost all of its purchasing power from the "work multiplier effect" of energy... Society relies on cheap and abundant high density (low entropy and higher EROEI energy resources) to pump up the productivity of labor and production, without which everyone will be working much harder for much less real income....each American has somewhere between 200 to 8000 "Energy Slaves" but as cheap energy goes away, this is the real reason of rise of permanent underclass of third class gig workers, slave labor in US prisons, and massive underskilled cheap immigrant labor flooding into the borders...
In energy economics, Energy Return on Investment (EROI), also called Energy Returned on Energy Invested (EROEI) of any energy gathering system is a measure of that system’s efficiency. It is assumed that ERoEI >5 to 7 is required for modern society to function. Fossil fuels remain comfortably away from the cliff edge but march closer to it for every year that passes.

I first came across the concept of Energy Return on Energy Invested (ERoEI) several years ago in Richard Heinberg’s book The Party’s Over. I had never contemplated the concept before and I was immediately struck by its importance. If we used more energy to get the energy we need to survive then we will surely perish.

Read on the ERoEI for Beginners:
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