Page 3 of 9 FirstFirst 123456789 LastLast
Results 51 to 75 of 203
  1. #51
    Thailand Expat OhOh's Avatar
    Join Date
    Jul 2010
    Last Online
    Today @ 04:48 PM
    Location
    Where troubles melt like lemon drops
    Posts
    25,225
    Quote Originally Posted by Switch View Post
    Doomsday preppers are having a field day. Hiding in their bunkers,
    "bunkers" or working from home?

    Although the bankers keep loading the odds

    America's biggest boom since 1946-s-p-jpg


    1. As long as they have access to buy and sell their "investments" the "markets" will climb higher.

    2. The beans they bought two years ago cost them less than they do today.

    Win, win.
    Last edited by OhOh; 25-07-2021 at 04:10 PM.

  2. #52
    Guest Member S Landreth's Avatar
    Join Date
    Sep 2008
    Last Online
    @
    Location
    left of center
    Posts
    20,590
    Dow, S&P 500 Set Records on Joe Biden’s 188th day in office

    The S&P 500 reached another record high on Monday ahead of a busy week of earnings reports from technology’s heaviest hitters.

    The broad equity benchmark rose 0.2% to a fresh record close of 4,422.30, extending its winning streak to five days. The Dow Jones Industrial Average gained 82.76 points, or 0.2%, to an all-time high of 35,144.31, also rising for a fifth straight day. The tech-heavy Nasdaq Composite closed slightly higher at 14,840.71, hitting a new high.
    Keep your friends close and your enemies closer.

  3. #53
    Thailand Expat OhOh's Avatar
    Join Date
    Jul 2010
    Last Online
    Today @ 04:48 PM
    Location
    Where troubles melt like lemon drops
    Posts
    25,225
    America's biggest boom since 1946-e7pcs56x0auhv1p-jpg

    $NAHL.

    The "market" continues to shrink.

  4. #54
    In Uranus
    bsnub's Avatar
    Join Date
    Jun 2009
    Last Online
    @
    Posts
    30,434
    Quote Originally Posted by OhOh View Post
    The "market" continues to shrink.
    You really are an idiot.

  5. #55
    Guest Member S Landreth's Avatar
    Join Date
    Sep 2008
    Last Online
    @
    Location
    left of center
    Posts
    20,590
    S&P 500, Dow scale all-time highs as economy picks up pace on Joe Biden’s 191st day in office

    The S&P 500 and the Dow indexes scaled record highs on Thursday as a slate of strong corporate earnings reports and data showing a pickup in U.S. economic growth reinforced confidence ina post-pandemic recovery.

    The Dow Jones Industrial Average rose 186.09 points, or 0.53%, to 35,117.02, the S&P 500 gained 23.14 points, or 0.53%, to 4,423.78 and the Nasdaq Composite added 32.36 points, or 0.22%, to 14,794.94.

    The US economy grew at an annual rate of 6.5% in the second quarter on Joe Biden’s 191st day in office

    The US economy in the second quarter expanded at a slower rate than expected but still at its fastest pace since last fall, growing at a seasonally adjusted, annualized rate of 6.5%.

    In terms of real gross domestic product — the broadest measure of economic activity — the economy has now recovered in that has grown bigger than its pre-pandemic size.

    Edit

    Pandemic aid programs spur a record drop in poverty

    While poverty has fallen most among children, its retreat is remarkably broad: It has dropped among Americans who are white, Black, Latino and Asian, and among Americans of every age group and residents of every state.
    Last edited by S Landreth; 30-07-2021 at 05:19 AM.

  6. #56
    I'm in Jail

    Join Date
    Oct 2016
    Last Online
    08-02-2023 @ 01:23 PM
    Location
    I'm Dead
    Posts
    7,133
    Whilst The USA maybe seeing such growth, its interesting to see their Ranking is only 24th in the countries with the fastest growth in 2020.

    Countries With the Fastest Growing Economies | U.S. News Best Countries

  7. #57
    Guest Member S Landreth's Avatar
    Join Date
    Sep 2008
    Last Online
    @
    Location
    left of center
    Posts
    20,590
    ^#7 - Thailand

  8. #58
    I'm in Jail

    Join Date
    Oct 2016
    Last Online
    08-02-2023 @ 01:23 PM
    Location
    I'm Dead
    Posts
    7,133
    I thought the thread was about the USA?

  9. #59
    Guest Member S Landreth's Avatar
    Join Date
    Sep 2008
    Last Online
    @
    Location
    left of center
    Posts
    20,590
    ^I thought it was about current events in the states

    Quote Originally Posted by Chico View Post
    countries with the fastest growth in 2020.

  10. #60
    I'm in Jail

    Join Date
    Oct 2016
    Last Online
    08-02-2023 @ 01:23 PM
    Location
    I'm Dead
    Posts
    7,133
    Right Ok so the Biggest boom, in the states since 1946 hasn't anything at all to do with growth in the USA.?

    Quote Originally Posted by S Landreth View Post
    I thought it was about current events in the states

  11. #61
    I'm in Jail

    Join Date
    Oct 2016
    Last Online
    08-02-2023 @ 01:23 PM
    Location
    I'm Dead
    Posts
    7,133
    Landreth you seem somewhat defensive about a link, that showed growth of many nations and the USA just happened to be 24th and the UK where 42nd, are you displeased that the USA weren't ranked No.1?

  12. #62
    Guest Member S Landreth's Avatar
    Join Date
    Sep 2008
    Last Online
    @
    Location
    left of center
    Posts
    20,590
    ^For goodness sakes, 2020 was a Trump year.

    It’s early,…..don’t you have a McMuffin to burn

  13. #63
    Thailand Expat Backspin's Avatar
    Join Date
    Oct 2019
    Last Online
    @
    Posts
    11,275
    They don't adjust the poverty level for inflation. So it looks like poverty is falling. Here, there and everywhere. Poverty is falling while tent cities in the west coast take over block after block. The magic of printing money.

  14. #64
    Thailand Expat OhOh's Avatar
    Join Date
    Jul 2010
    Last Online
    Today @ 04:48 PM
    Location
    Where troubles melt like lemon drops
    Posts
    25,225
    Quote Originally Posted by Chico View Post
    the Biggest boom, in the states since 1946 hasn't anything at all to do with growth in the USA.?
    "Principal Federal Economic Indicators

    Gross Domestic Product

    Q2 2021 (Adv) +6.5%


    Personal Income

    May 2021 -2.0%


    International Trade in Goods and Services

    May 2021 -$71.2B


    International Transactions

    Q1 2021 -$195.7"


    "Who We Are


    The U.S. Bureau of Economic Analysis is your source of accurate and objective data about the nation's economy.

    What We Do

    BEA's economists produce some of the world's most closely watched statistics, including U.S. gross domestic product, better known as GDP. We do state and local numbers, too, plus foreign trade and investment stats and industry data.

    BEA's Role in the Federal Statistical System

    BEA is an agency of the Department of Commerce.

    BEA produces economic accounts statistics that enable government and business decision-makers, researchers, and the American public to follow and understand the performance of the nation's economy. To do this, BEA collects source data, conducts research and analysis, develops and implements estimation methodologies, and disseminates statistics to the public."

    Who We Are | U.S. Bureau of Economic Analysis (BEA)


    Comments and opinions:

    "Q2 GDP rose just 6.5% SAAR, a huge miss to the expected 8.5%

    What was behind the huge miss: the main cause was an unexpected drop in inventories, which subtracted 1.13% from the bottom line GDP print. This number was expected to be positive (more below).

    Another reason is that the GDP Price Index (deflator) rose 6% annualized, vs 5.4% forecast.

    This subtracted a further 0.6% from the annualized GDP print."


    Some may suggest the commentators, "may have an agenda".

    Some may suggest the ameristani government department source, "may have an agenda".



    Then there is this "unexpected" continuing event, however somebody is tracking it and posting the "news" to assist some:

    Shrinkflation: when product sizes shrink, but prices stay the same.

    "In addition to the number of crackers/cookies whatever being reduced and hidden by clever packaging shifts, note the size of the cracker or cookie itself: we first saw it last year in HoneyMaid graham crackers: narrower/smaller sheets are another trick, like the narrowing of toilet paper squares. Also, in different varieties of cheese slices, less cheese for "thin sliced" or other "specials" at same price. Spaghetti sauce in a jar has shrunk from 32 oz. in the mid 2000s to 23-24 oz. per jar. Cake mixes were a pound and are now down to 14.25 in most cases after two weight drops. Perhaps one of the most frustrating things about shrinkflation is the intentionality to hide what's going on. Why cant everybody just be straight so we can deal with our economic reality and concerns together, as a society?"

    shrinkflation: when product sizes shrink, but prices stay the same.

    But of course, this source "may have an agenda".


    America's biggest boom since 1946-thai-inflation-jpg


    Or this:

    America's biggest boom since 1946-dxy-full-jpg

    Live stock, index, futures, Forex and Bitcoin charts on TradingView

    I just look at the numbers.

    My agenda - official government published, "facts".
    A tray full of GOLD is not worth a moment in time.

  15. #65
    Hangin' Around cyrille's Avatar
    Join Date
    Oct 2006
    Last Online
    @
    Location
    Home
    Posts
    33,543
    Quote Originally Posted by OhOh View Post
    My agenda
    Relentlessly plugging China and slagging off the US, obvs...


  16. #66
    I'm in Jail

    Join Date
    Oct 2016
    Last Online
    08-02-2023 @ 01:23 PM
    Location
    I'm Dead
    Posts
    7,133
    Quote Originally Posted by S Landreth View Post
    ^For goodness sakes, 2020 was a Trump year.

    It’s early,…..don’t you have a McMuffin to burn
    Perhaps look at the date, the thread was posted, and how you've been jumping up and down pumping up the USA growth on all pages............

  17. #67
    Guest Member S Landreth's Avatar
    Join Date
    Sep 2008
    Last Online
    @
    Location
    left of center
    Posts
    20,590
    09-04-2021, 09:54 pm

  18. #68
    Hangin' Around cyrille's Avatar
    Join Date
    Oct 2006
    Last Online
    @
    Location
    Home
    Posts
    33,543
    Claims that anyone but chico is supreme fuckwit of TD are mere hyperbole.

  19. #69
    I'm in Jail

    Join Date
    Oct 2016
    Last Online
    08-02-2023 @ 01:23 PM
    Location
    I'm Dead
    Posts
    7,133
    Squirrel I see you've been trying to get my attention for some time now.

    what seems to be the problem did you not like facts about growth either, and whilst the USA growth is lagging behind Asia and the middle east.

  20. #70
    Thailand Expat
    aging one's Avatar
    Join Date
    Nov 2005
    Last Online
    @
    Posts
    22,637
    Quote Originally Posted by Chico View Post
    whilst the USA growth is lagging behind Asia and the middle east.
    Quote Originally Posted by cyrille View Post
    Claims that anyone but chico is supreme fuckwit of TD are mere hyperbole.
    Which he simply loves to prove every chance he gets.

  21. #71
    Member

    Join Date
    Jul 2021
    Last Online
    18-09-2021 @ 05:01 PM
    Posts
    100
    Quote Originally Posted by sabang View Post
    The problem is, it is all fuelled by a currency that possesses no more intrinsic value than Bitcoin. Will there be a day of reckoning, or were rational economists wrong all along?
    And that is an interesting question.

    Day of reckoning came to me a long time ago.

    Now I can pay with Mastercard linked with Bitcoin account on POS with card or with phone or Galaxy watch
    Can receive payments and send bills over Bitcoin

    Maybe a global day of reckoning will be when people realise this

    This is totally separate from Fiat currencies, any goverments, or solar eclipse

    Governments will fight because they lose control over people

    Banks will fight because they lose business

    Good companies will embrace this opportunity - others will fail

  22. #72
    Guest Member S Landreth's Avatar
    Join Date
    Sep 2008
    Last Online
    @
    Location
    left of center
    Posts
    20,590
    A preview to the post tomorrow…………

    The just for fun part.

    Nobody's ever seen a number like this! New data reveals just how bad the Trump economy actually was

    Former president Donald Trump was obsessed with the gross domestic product.

    "Nobody's ever seen a number like this!" Trump declared at a rally last October, referring to the GDP.

    As it turns out, Trump was right — but not in a good way.

    Across Trump's four years in office, the nation recorded its lowest overall rate of GDP growth — at 1.6 percent — since President Herbert Hoover's administration during the Great Depression, according to a new report from Bloomberg.



    Justin Fox - Last week's GDP release included revisions back to 1999, so it's time for a new set of presidential growth comparisons! Starting with the basic version: annualized growth in real GDP from 1st quarter in office to last: https://twitter.com/foxjust/status/1422180928730828800

  23. #73
    Guest Member S Landreth's Avatar
    Join Date
    Sep 2008
    Last Online
    @
    Location
    left of center
    Posts
    20,590




    What did the major indexes do?

    The Dow Jones Industrial Average DJIA, +0.41% rose 144.26 points, or 0.4%, to a record 35,208.51.

    The S&P 500 index SPX, +0.17% added 7.42 points, or 0.2%, to a record 4,436.52.




    President Biden trumpeted the strong July jobs report on Friday as evidence that his economic plans are working, but emphasized that more work still needs to be done to ensure the economy's full recovery as the Delta variant continues to spread.

    Why it matters: The U.S. added 943,000 jobs in July, while the unemployment rate fell from 5.9% to a new pandemic-era low of 5.4%.




    The number of Americans applying for unemployment benefits fell last week by 14,000 to 385,000, more evidence that the economy and the job market are rebounding briskly from the coronavirus/Trump recession.

  24. #74
    Thailand Expat OhOh's Avatar
    Join Date
    Jul 2010
    Last Online
    Today @ 04:48 PM
    Location
    Where troubles melt like lemon drops
    Posts
    25,225
    US business pushes Biden for a China trade deal

    Trump era tariffs on Chinese imports are fuelling record US inflation and threaten Biden's chances at 2022 mid-term elections


    by David P. Goldman August 7, 2021

    "Never before in US political history has the whole of the American business community—more than thirty major business organizations—spoke with one voice as it did in an August 5 appeal to the Biden administration to eliminate tariffs on imports from China.

    No entities in American politics are timider than business lobbies, most of whose work involves quiet lobbying for administrative relief and legislative tweaks. Such a high-profile intervention suggests that the business organizations believe that a deal is already underway.

    A deal is likely because inflation could poison the Democratic Party’s chances at 2022 mid-term elections and return control of the US Congress to the Republicans. Cutting tariffs is the quickest way to reduce inflation. Beyond the arithmetic of electoral politics, a consensus is emerging that the technology sanctions that Trump imposed on China have failed and may even have backfired.

    More than 30 business groups including the Chamber of Commerce, the Business Roundtable, the Semiconductor Industry Association, as well as retailer, farm and manufacturing representatives asked Biden to cut tariffs and restart trade talks with China.
    The letter stated: “A worker-centered trade agenda should account for the costs that US and Chinese tariffs impose on Americans here and at home and remove tariffs that harm U.S. interests.”

    Last month, Treasury Secretary Janet Yellen told the New York Times that tariffs “hurt American consumers.” Since then-president Donald Trump imposed a 20% tariff on roughly half the goods America buys from China, the Treasury has collected about $100 billion in fees. Most of that was paid by US consumers.

    Tariffs explain part of the explosion in durable goods inflation during the past year. Consumer prices for durables fell steadily between 1995 and 2020, mainly due to lower costs for electronics. The Consumer Price Index for durables fell by 25% between 1997 and 2020, before rebounding by 15% since the Covid-19 lockdown.

    As shown in the chart below, falling prices for US imports from China had a big impact on the prices Americans paid for durable goods.

    America's biggest boom since 1946-goldman-graphic-us-inflation-jpg


    Inflation is the most pressing economic issue for American voters, according to a Vox/Data for Progress poll released on August 3.

    The US now imports about $550 billion a year from China, or almost a quarter of America’s manufacturing output of $2.4 trillion on a GDP basis. Tariffs of 20% apply to about half of Chinese imports, so by simple arithmetic, the elimination of tariffs should reduce the cost of durable goods in the US by a bit over 2%.

    Renmin University Professor Jin Canrong, a prominent Chinese academic closely followed in Washington, argued last week that inflation could bankrupt the US federal government by boosting the cost of interest on the federal debt He added that the US needs China’s supply chains to keep inflation under control (“Will China bail out Biden?,” Aug. 3, 2021).

    China’s state-controlled English language newspaper Global Times commented on August 6, “US high-tariff policy is against the trend of the times and will not hold for long. Chinese companies have generally adapted to the new situation, while the US is suffering more from the tariffs than China. This has gradually become a consensus in US public opinion. And this has given China better conditions to maintain its strategic focus. In fact, it is also an increasingly clearer manifestation of China’s comprehensive strength.”

    An increasing number of American strategists meanwhile have concluded that Trump failed to slow China by cutting off access to high-end semiconductors made with US technology. Asia Times last month was the first to report that China had the semiconductor capacity to work around American sanctions for critical applications such as 5G network buildout, and that China was moving rapidly to exploit 5G in a wide range of industries (“China is first out of the gate to Industry 4.0,” June 26, 2021).

    China will build nearly a million 5G base stations this year, vastly outpacing the rest of the world combined. Chinese industry sources, moreover, report that tens of thousands of dedicated 5G networks for factories, ports, warehouses, mines and urban transportation systems will be installed in the course of the next year. ....

    Continues at:

    https://asiatimes.com/2021/08/us-bus...na-trade-deal/

  25. #75
    Thailand Expat OhOh's Avatar
    Join Date
    Jul 2010
    Last Online
    Today @ 04:48 PM
    Location
    Where troubles melt like lemon drops
    Posts
    25,225
    Biden suffers more than Beijing from high tariffs:

    Global Times editorial



    By Global Times Published: Aug 06, 2021 09:44 PM


    "Nearly three dozen of the US' most influential business groups, representing retailers, chip makers, farmers and others, asked the Biden administration to restart trade talks with China and cut tariffs on imports on Thursday, saying the tariffs are a drag on the US economy. They raised the appeal in a letter to US Trade Representative Katherine Tai and Treasury Secretary Janet Yellen. This is the clearest collective voice of the US business community on hoping to restore normal US-China trade since the Biden administration took office.

    Over the past six months, the Biden administration has been delaying making statement on US trade policy with China under the excuse of making relevant reviews. But it has retained all his predecessor's China tariffs. There are even extra moves to crack down on Chinese companies. Piling pressure on Xinjiang-related trade issues have been quite prominent. In general, the US administration's current trade policy toward China is highly "Trumpized."

    However, the trade war over the past three years failed to fix problems as how the Trump administration wished. Moreover, it has harmed American companies and consumers. Such awareness is becoming more and more common in the US. After a brief decline, China-US trade showed a tendency of a comprehensive recovery, and the US trade deficit further expanded. In the end, the US gets nothing in terms of bringing manufacturing back to the country. The Biden administration is now stuck in a predicament.

    Normally, the US business community has a strong influence on government policies. When they collectively express their aversion toward tariffs, it is supposed to create immense pressure. However, when it comes to China-related issues, the US public opinion environment has been severely poisoned. Playing tough toward China has become "politically correct" in the US. Since the midterm elections are approaching, Biden's team is likely to believe that maintaining tariffs is a better way to win votes than removing them. It remains to be seen how much practical influence this appeal from the US business community can bring.

    It is believed that US politics are now frozen. Any expectation for rationally righting the wrong does not make sense any more. Fortunately, the US is a diverse society with large policy gaps. It is difficult to block demands in the mark, which enabled China-US trade to rebound significantly against the odds of tariff pressure. Given such a reality in the US, China should continue developing substantial ties with US enterprises, keep participating in the construction of Americans' lives.

    The Biden administration dares not reduce the tariffs imposed on Chinese products, but there is relatively large room to strive for tariff exemptions for certain Chinese goods. Yellen has expressed that tariffs on China are hurting American consumers. That being said, cutting down the harm can be realized through exempting more products from tariffs. Chinese and American companies should work together to boost efforts in this regard.

    The Biden administration has increased the number of Chinese companies in the list of entities, but there have also been a few examples of Chinese companies being taken out of the list. It is necessary for Chinese companies to explore practical and effective measures in safeguarding their rights and interests and do not give up.

    Facts have shown that China has the strength to play the game with the US in terms of trade policies, and it is right not to make concessions when playing tough is needed. Take TikTok. China insisted on not making substantial compromises, and it survived the crisis. We should learn the lesson from the case.

    Under the current background, where there are still many uncertainties, it is particularly not appropriate for China to take a step back in trade policy. Instead, China should carry out tactical innovation in this game, letting the accumulated reality encircle or counter the US' unreasonable China-related policies.

    US high-tariff policy is against the trend of the times and will not hold for long. Chinese companies have generally adapted to the new situation, while the US is suffering more from the tariffs than China. This has gradually become a consensus in US public opinion. And this has given China better conditions to maintain its strategic focus. In fact, it is also an increasingly clearer manifestation of China's comprehensive strength."

    Biden suffers more than Beijing from high tariffs: Global Times editorial - Global Times

    Imports by Continents:

    America's biggest boom since 1946-screenshot-2021-08-07-14-49-a

    Imports by Country:

    America's biggest boom since 1946-screenshot-2021-08-07-14-50-a

    United States Imports By Country

Page 3 of 9 FirstFirst 123456789 LastLast

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •