American Economics Thread

manqiangrexue

Brigadier
No. The mean and median size of all residential housing in the U.S. increases since larger new housing was replacing smaller older housing and new housing being constructed at the extensive was larger than the mean of existing housing. Replacing X with X+1 in the series makes E[X] go up. Similarly, a dataset with a mean X that has values added of X+1 will see its new mean be higher than X.

New housing starts being smaller also is ambiguous since renter frequencies are declining, if the only people buying houses are renters, average new home construction can be smaller it was in preceding years and still make median housing sizes increase.

Sticker housing costs are thus not directly comparable across time for the inflation series.
LOLOL Now every time I see you use an equation, I laugh. X+1 in a series with E[X] LOLOLOLOL You're the mofo who thought that adding 168% is less than doubling, which the same as adding 68% LMFAO. And you still thought that after being corrected multiple times! Dude we're Chinese; we get homeschooled for Calc BC in middle school while you guys are still figuring out how to add and multiply in the same equation so STFU with your hobo math learned at community colleges where the teachers all go to work strapped and the hallway vending machines all have steel cages installed over them.

Show charts and graphs like everybody here except you knows how to do. I did; the houses built in 2011 are the same size as those built in 2023; the ones built in 2023 cost 217% more on average. That's it.
 
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chgough34

Junior Member
Registered Member
LOLOL Now every time I see you use an equation, I laugh. X+1 in a series with E[X] LOLOLOLOL You're the mofo who thought that adding 168% is less than doubling, which the same as adding 68% LMFAO. And you still thought that after being corrected multiple times! Dude we're Chinese; we get homeschooled for Calc BC in middle school while you guys are still figuring out how to add and multiply in the same equation so STFU with your hobo math learned at community colleges where the teachers all go to work strapped and the hallway vending machines all have steel cages installed over them.

Show charts and graphs like everybody here except you knows how to do. I did; the houses built in 2011 are the same size as those built in 2023; the ones built in 2023 cost 217% more on average. That's it.
Yeah I don’t think you understand that housing indexes measure the price of all available housing. If all houses in the prior period were 1000 sq m and 1% of them replaced by homes that are 1100 sq m in the next period and 1% of them then get replaced by homes that are 1005 sq m in the following period, the average home size is still increasing. The composition of housing in the 70 metro areas was changing along side the price. Mostly unrelated, broadly chill with the ethnic chauvinism - racial classifications have no biological basis - and ~1/2 of Chinese-Americans hold bachelors degrees (or higher) so this “we got home schooled for Calc BC in middle school” is obviously false and ungeneralizable
 

chgough34

Junior Member
Registered Member

Even more evidence that public perceptions of the economy are media-driven and not related to personal financial circumstances. Residents of every swing state perceive their state economy to be doing well but not the U.S. economy to be doing well. People obviously interact in their state economy and are far more attuned into it but there is no plausible mechanism whatsoever by which the economy can be doing well in every state but be doing poorly nationally.
 

tokenanalyst

Brigadier
Registered Member
Just because there is no hyperinflation in the US today that doesn't mean there won't be hyperinflation in the future.

The problem is that the US is now stuck between high inflation and high debt that will either end in a massive financial crisis or runaway inflation. There is no middle road. Either the US defaults on its debts or they will have to ease in order to keep the debt payable. And if you look at gold prices, oil prices, the CRB index and with no end in sight with deficit spending and with the FED announcing they will ease. In the future inflation in the US will only go up from here.

The current issue is that the high interest rates are bankrupting the banks in the US as they are sitting on trillions of dollars of low yielding assets due to more than a decade of artificially suppressed rates. The banks are losing big time on the assets on their balance sheets and if the FED doesn't do something we will have a massive crisis on our hands. So it's likely that the FED will end up cutting rates while inflation is continuing to grow.
They need a recession to bring down inflation, they always do, they wait until inflation get to deflation territory and then they just do inflationary monetary policy to push it to their target, but now the problem is that they raised the interest rates and the recession is not coming to tame inflation, the issue is that this could lead the FED to accept 3-4% inflation as their new target and current interest rates as the new normal.​
 

manqiangrexue

Brigadier
Yeah I don’t think you understand that housing indexes measure the price of all available housing. If all houses in the prior period were 1000 sq m and 1% of them replaced by homes that are 1100 sq m in the next period and 1% of them then get replaced by homes that are 1005 sq m in the following period, the average home size is still increasing. The composition of housing in the 70 metro areas was changing along side the price.
Yeah no. You're the one who doesn't understand 1. how to show with data rather than your imagination and 2. what a percentage increase of over 100 means. All I see is imaginary numbers, no data, and "mathematical equations" by a guy with no basic background in math. That translates to "blah blah blah, 168% increase is less than double, blah blah blah some more" LOL
Mostly unrelated, broadly chill with the ethnic chauvinism - racial classifications have no biological basis - and ~1/2 of Chinese-Americans hold bachelors degrees (or higher) so this “we got home schooled for Calc BC in middle school” is obviously false and ungeneralizable
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Charts and data, not your written diarrhea.
 
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HighGround

Senior Member
Registered Member
These hedonic adjustment is just so crazy. Dies the consumption basket change? Like for cell phone, I think hedonic adjustment must be making a new phone a low price when the latest iphone is 1200 USD.
The average sales price of a TV is below $1,000, and same for phones. iPhones debuted at $500 in 2008, which would be roughly $700 today.

Your perception of reality is not consistent with actual reality. Most people in America are poor and prefer cheaper goods. Which is why I am particularly critical of the “decoupling” attempt by USG.

The CPI does a fairly good job of approximating prices.
 

chgough34

Junior Member
Registered Member
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Charts and data, not your written diarrhea.
Asian and Chinese aren’t coextensive. ~25% of US Asians are Chinese and Asian Indians (another ~25% of US Asians) are a fairly high performing cohort as well. Your just presenting evidence the 1965 Immigration and Nationality Act selects on educational performance with respect to Asian immigrants and not much else (and certainly not the everyone learns calc bc in middle school nonsense)
 
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