American Economics Thread
- Thread starter Bernard
- Start date
There's a reason we sometimes say democracy lol.
More seriously, there's different factions in the US government with different agendas and priorities.
War hawks and just plain China haters are gonna push for these things, probably not even having a good idea of what kind of disaster it would be for the US, or if they knew, they would be delusional if they think the US can take on such economic woes/damages lol.
supercat
Major
The trend for U.S. dollar is probably depreciation, according to Robin Brooks from the Institute of International Finance.
I vaguely remember that something happened in 2008.
End stage capitalism?
23% Americans are taking medications for psychiatric disorders, including 85,000 infants? I guess this won't bode well for America's economy and its future. Then again, maybe it's just another symptom of end stage capitalism?
I vaguely remember that something happened in 2008.
End stage capitalism?
23% Americans are taking medications for psychiatric disorders, including 85,000 infants? I guess this won't bode well for America's economy and its future. Then again, maybe it's just another symptom of end stage capitalism?
Recent US macroeconomic releases
US 3QGDP
Q/Q SAAR: +2.6%
Y/Y: +1.7%
October retail sales
MoM growth (nominal): +1.3%, annualized: +16.8%
October industrial production (manufacturing, mining, utilities)
MoM growth: -0.1%, annualized: -1.2%
October manufacturing
MoM growth: +0.1%, annualized: +1.2%
October housing starts
MoM growth: -2.4%, annualized: -25.3%
Federal Reserve Bank of Atlanta GDPNow Forecast
4Q GDP growth (Q/Q SAAR): +4.2%
US 3QGDP
Q/Q SAAR: +2.6%
Y/Y: +1.7%
October retail sales
MoM growth (nominal): +1.3%, annualized: +16.8%
October industrial production (manufacturing, mining, utilities)
MoM growth: -0.1%, annualized: -1.2%
October manufacturing
MoM growth: +0.1%, annualized: +1.2%
October housing starts
MoM growth: -2.4%, annualized: -25.3%
Federal Reserve Bank of Atlanta GDPNow Forecast
4Q GDP growth (Q/Q SAAR): +4.2%
I can kind of confirm, this one time we got a good looking blond project manager assigned on our project and a lot of male project members started taking personal care a lot more serieus.
Of course I would never fall for such cheap tricks..
So still not showering, eh?
Too Sigma male to fall for that simple rort.
Interesting that you don't include the caveat:
The Biden administration has boosted petroleum exports from their strategic reserves to keep prices down and boost GDP numbers for midterms. Otherwise their GDP growth would be negative.
Because they are summary statistics. If you accuse me of positivity bias, I'll point you to my post showing US industrial production and housing starts have declined
The GDP report (page 8, lines 43-49, ) shows that of the 2.77% increase: 1.34% was due to the increase in goods exports, 0.29% was due to increase in the increase in services exports, 1.20% was due to decline in goods imports and -0.06% was due to the increase in services imports. More specificity in goods exports would need to be recompiled from monthly Census reports on trade in goods which I don't care to do right now.
If we assume *all* goods growth was due to petroleum exports; international trade would have contributed 1.4% to US GDP growth and made the 3Q22 growth number 1.2%.