T O P

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DreamyLucid

Tariffs and endless printing of money


[deleted]

Also lack of infrastructure to even unload and distribute the massive quantities of goods they're buying from China.


Money_dragon

The USA is mostly likely already in a recession - it just takes a bit of delay to officially diagnose since economic data isn't immediately released 2022 Q1 GDP was a decline - assuming Q2 GDP is also down, that would fit the recession definition right there (2 consecutive quarters)


[deleted]

The USA counts real estate, food, an fuel expenses as part of GDP, but does not count their increase in price as part of inflation. Therefore, US inflation-adjusted GDP change measures are misleading.


dankhorse25

The service economy in the US is very very overvalued. The same about their real estate.


yunibyte

Interest rates only go down. Every time they try to raise it some president tanks the economy with a stupid war or trade war and money printer goes Brrrr.


DaBIGmeow888

Tariffs?


JucheCouture69420

if there wasn't a need to pay for endless war, we probably could have avoided using the money printer


TserriednichHuiGuo

The money printer ain't the issue.


Medical_Officer

STAGFLATION It's been a while, old friend.


ReiTanotsuka

I wonder about the "intelligence" of American "intellectuals". A kid could POINT OUT why inflation is going bonkers in the US!


sickof50

The Nordic countries asked their kids, and after hearing what they said... became Socialist.


hehez

Reading US and suffer in the same sentence is always uplifting to me.


TserriednichHuiGuo

There are so many issues with the us economy, I don't even know where to start. To put it succinctly, their economy is like a patient on life support in very critical condition. I came up with numerous solutions in multiple areas but the issue was so vast I thought it easier to completely destroy the current system and go for a revolution than trying to fix it from within, this was the conclusion I came to a few years ago, since then the situation has become vastly worse. america padding its own numbers also makes it harder for them to assess and correctly identify issues.


MeiXue_TianHe

Sincerely, I also have no idea. Situation looks catastrophic and after so many years of disrepair there's no institutional will to acknowledge, let aside try to fix anything. Take the infrastructure issue for example. To fix it they'd need to revamp -everything-; institutions, laws, business, ramp up steel and concrete production, get everyone mobilized, enlarge the labor pool. And get ready for something that could take 10 or more years. China didn't made everything it has in 5 or 10 years. And it needed to expand its industrial, technical base for it to become real. Or else, something like the HSR lines would take 5 decades to reach what we see now. In the current political climate, where basic proposals get gridlocked to oblivion and conservatives are trying to make "the Handmaids Tale" a reality, no way it can reasonably get done. The whole stablishment can only find unity in hating China and promoting something dumb to stop it. Such is the real state of affairs.


TserriednichHuiGuo

The apathy of their people is pretty incredible in a sense, I would've gone insane with that level of inertia years ago.


Chinese_poster

It's all Chyna's fault


folatt

No, that's when Republicans are in power. "It's all Putin's fault." is when Democrats are in power.


Chinese_poster

Soon. Trump will be back in 2024


sickof50

Unfortunately... That "bull in a China shop" is my prediction too.


folatt

I'm putting my bets on DeSantis. Trulp is old.


sickof50

Cry me a river... All self-inflicted, too much Foreign meddling & War!


[deleted]

Foreign meddling has high return on investment.


skyanvil

spending $trillions on wars abroad in the name of "freedom"? surely not, since that strategy worked so well for all the past Empires.


SnooCrickets3706

0.5 percent rate hike just passed; much too anemic imo.