American Economics Thread


hydrogenpi

Junior Member
Registered Member
Whoa that's a lot money lost, so where's that clown Gordon Chang at on this falling US stock market?

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$1.1 trillion in stock market value lost so far from trade war sell-off with more expected.

Gordan Chang would probably point to the fact that stocks are just numbers, but China was hurt a lot more since it had to completely shutdown production and this damages China image as being reliable global supply chain etc
 
Gordan Chang would probably point to the fact that stocks are just numbers, but China was hurt a lot more since it had to completely shutdown production and this damages China image as being reliable global supply chain etc
Gordon Chang would probably say the virus will cause the CCP to collapse in 2020, then revise it to 2021 after it doesn't happen, and then move on to something else when 2021 passes normally as well. Why are we talking about what Gordon Chang fantasizes about?
 

AssassinsMace

Brigadier
Gordon Chang would probably say the virus will cause the CCP to collapse in 2020, then revise it to 2021 after it doesn't happen, and then move on to something else when 2021 passes normally as well. Why are we talking about what Gordon Chang fantasizes about?
Well Gordon Chang's cohort, Minxin Pei, making a living at confirming the lies American want to believe, wrote an article that said that very thing

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Tam

Major
Registered Member
You are allowed to do that?

A New York power plant is mining $50k worth of Bitcoin each day.

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An upstate New York power plant has been using some of its own electricity to mine bitcoin on an industrial scale.
 

hydrogenpi

Junior Member
Registered Member
You are allowed to do that?

A New York power plant is mining $50k worth of Bitcoin each day.

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An upstate New York power plant has been using some of its own electricity to mine bitcoin on an industrial scale.

Bitcoin is real wealth destruction, the irony of using real energy/resources to "mine" (solving increasingly more difficult crypto hash functions) for fake/virtual distributed general ledger...
 

Franklin

Captain
I know we are all busy about the coronavirus. But we need to take a look at a potentially another crisis in the world. The US financial markets are tightening up meaning companies and banks are refusing to lend to each other (read credit freeze). IF they cannot get this under control we will have a bigger crisis than back in 2008 or even 1929. Because the bubble and debt this time is much much bigger.

Guys this is getting serious!

ESreTN7XYAAkIJJ.png
 

AndrewS

Captain
Registered Member
I know we are all busy about the coronavirus. But we need to take a look at a potentially another crisis in the world. The US financial markets are tightening up meaning companies and banks are refusing to lend to each other (read credit freeze). IF they cannot get this under control we will have a bigger crisis than back in 2008 or even 1929. Because the bubble and debt this time is much much bigger.

Guys this is getting serious!

View attachment 58147
Can you extend the chart to 2007?
 

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