/biz/ - Business & Finance

[Anonymous No.56476645]

Why don't people believe in the US economy?

[Anonymous No.56476651]

>Chinese economy severly contracting
>European economy severly contracting
>Japanese economy severly contracting
>AMERIMUTTOBESE MUTTCONOMY BOOMING!!!
nothing to see here

[Anonymous No.56476666]

>>56476645
The wealthiest can hide free market conditions the best.
USA is wealthiest so the world wants USA to be last bag holder for global depression

[Anonymous No.56476674]

>>56476645
The media is trying to downplay Biden's accomplishments

[Anonymous No.56476685]

>>56476645
because our economy is unsustainable and accelerating levels of debt and printing

[Anonymous No.56476690]

>>56476645
>covid
>covid vaccines
>Ukraine
>israel

After all that, you still believe?

[Anonymous No.56476728]

>>56476645
It's the losers. They want collapse because they are losers in current times, it's wishful thinking and not rooted in reality.

Hilariously, it causes them to make poor financial decisions as well, further entrenching themselves as losers.

[Anonymous No.56476823]

>>56476645
Probably the most dishonest economy there is. OHOHOHOHO JUST PRINT OUT THE WORLD CURRENCY NO BIGGIE, NO REPERCUSSIONS.

[Anonymous No.56476878]

>>56476645
>4.9% GDP
>4% inflation
LOOK NUMBER GO UP

[Anonymous No.56476889]

>>56476645
Cause N1GAF about you guys, as a spot trader I have faith In nothing, just short Kava all the way long and get my source of income

[Anonymous No.56476912]

Because you added 600 billion of debt in one month.
You are in a de facto recession that they refuse to acknowledge. Treasuries are shit, because people are losing faith in the government.
Stuck in forever wars unwilling to concede defeat even thought you are clearly losing.
Still spending 700+ billion on the army, sending 100+ billion to Ukraine while reducing food stamps (KEK!),
Fed looking more and more like they will keep rates up until shit breaks.
Slowly (very slowly) but surely losing reserve currency status.
etc etc.

[Anonymous No.56476937]

>>56476645

Because the U.S. has 360 million people and somehow produces less product than Germany, Italy and France.

[Anonymous No.56476951]

>>56476645
because the economy overall has become pic related, mostly separated by homeownership and industry.
people segregating themselves in social media echo chambers isn't helping.

[Anonymous No.56477054]

>>56476878
>>4% inflation
you dont seriously believe this, right?

[Anonymous No.56477063]

>>56476912
>Because you added 600 billion of debt in one month.
Also I want to mention one very important thing.
The debt that you are adding now is "bad" debt because the yield on it is ~5%, compared to the US being able to debt for a much lower yield just a couple years ago.

[Anonymous No.56477110]

Because American institutions are mired in a credibility crisis. Two weeks to flatten the curve became two years of state-enforced hysteria, safe and effective became maybe it helps and myocarditis, the empire withdrew from Afghanistan in humiliation, elections get decided at 3 in the morning with nebulous claims about leaking pipes forcing polling staff out, and "transitory" inflation turned out to be anything but. Everyone hears the announcement that we're right on track to Building Back Better alongside the news of another round of layoffs, everyone hears the speculation about whether the fed needs to pivot because inflation has been tamed while their bills keep creeping up, and everyone watches the government flirt with a shutdown (again) because they're struggling to balance their books and then watches another hundred billion dollar check get written without hesitation to buy bombs to drop in some dump thousands of miles away. A palpable sense that very real problems are here and that even bigger ones may well be right around the corner fills the air, and every leader of thought or policy who's allowed to have airtime immediately handwaves it away as paranoia before resuming their vociferous debates over the proper age to perform genital mutilations on children vs young adults or whether or not heroine addicts should get their needles from the State or have to find them on their own.

Nobody believes in the US economy anymore because nobody believes in the people telling us it's going to be okay anymore. Everyone feels grim about the future because it's perfectly clear that this place is run by idiots.

[Anonymous No.56477242]

>>56476645
Real US GDP is negative.

[Anonymous No.56477280]

>>56476878
https://chapwoodindex.com/ real inflation is over 10%

Real GDP if you take out government spending is negative.

It a dead Jim!

[Anonymous No.56477286]

>>56476645
because this defecating piece of shit made a miracle

[Anonymous No.56477292]

>>56476645
For the everyday man? He's living in it. He can tell when shits wrong and isn't as dumb as you think he is.
For the investor? We can see the books being cooked in real time and definitions being rewritten every other day.

[Anonymous No.56477326]

>>56477054
No, I believe it is MUCH higher.

[Anonymous No.56477347]

>it now costs one hundred trillion dollars for an aspirin
HOLY SHIT THE HECKIN GDPERINO WE'RE BACK

[Anonymous No.56477355]

>>56476645
Because I participate in the US economy.

[Anonymous No.56477478]

>>56476645
The real scary part is the growth in private investment. They are actually reshoring instead of just talking about it. How can a country so large be so nimble.

[Anonymous No.56477566]

>send 105 billion to israel (pay american companies to send products to israel)
>look I increased our GDP by 105 billion in one quarter!
lol

[Anonymous No.56477659]

If I could borrow a trillion dollars and spend it like a drunken sailor, some people might think I was doing well. More sober thinkers - especially those not getting any of the billions being thrown around - might think there is a piper somewhere who will need to be paid at some point. They might also think that unless they are very careful, it might be them who end up paying.

[Anonymous No.56477815]

>>56477566
>send 105 billion of newly printed dollar to israel
Fixed

[Anonymous No.56477913]

>>56477815
oh you poor naive soul, if it was just that it wouldn't be an issue, what actually happens is that they send 105 billion in "aid" that means they send physical stuff worth 105 billion and then give the money to the companies who made those things, not just military equipment but all sorts of things, medicine, food, blankets, toothbrushes, literally anything that you can think of, when you hear the word "humanitarian aid" you might think to yourself that it's pretty harmless, but economy wise it's the most harmful, because you are sending stuff that you also need, meaning that your supplies of it will be reduced, increasing their price, and you also just got injected with 105 billion of printed money, it's a perfect inflation shotgun blast that biden just did to the american economy, he reduced the supply of goods in the american economy and increased the supply of money in the american economy, a double whammy of inflation
but don't worry they won't count the prices of those things in their inflation report because they're too "volatile" and they'll say that GDP increased by 105 billion because they just gave that money to american companies

[Anonymous No.56479360]

>>56476645
No one believes the inflation metrics, and gdp is inflation adjusted, which would make gdp way lower.

[Anonymous No.56479387]

>>56476645
US economy doesn't exist, it's all bullshit, manipulation and speculation, for all I know my pond bags are more real than US economy

[Anonymous No.56479401]

>>56479387
Anon, you're definitely wrong, everything you own is thanks to US economy

[Anonymous No.56479407]

>>56477913
Based and redpilled

[Anonymous No.56479414]

>>56479387
I fucking hope you die in excruciating pain

[Anonymous No.56479418]

>>56479387
>Non-American faggot
Every single time

[Anonymous No.56479534]

>>56477913
You're stupid af. Allthese things stimulate the economy. American companies get to produce all that stuff, they expand and hire more workers = more jobs, more taxes, better consumer confidence. People in charge are smarter than you or anyone else on this board. They know what they are doing.

[Anonymous No.56479557]

>>56476651
It's almost like economic growth is a zero sum game and America is the winner

[Anonymous No.56479640]

>>56479557
Exactly. Everyone loses and America wins. All this money has to go somewhere, and it al goes to the US, just like during ww2.

[Anonymous No.56479655]

>>56476645

It's simply hate for Joe Biden, a man who was dealt a shit hand and yet who has done everything right.

He ended Covid. He stopped the race riots. The exited a useless war and pivoted America back to good guy protector status against every bully on the global stage.

His economy should have people falling to their knees screaming with gratitude. Jobs literally grow on trees, inflation has been clawed down, and housing prices are rapidly coming back to earth. All signs point to a soft landing—a miraculous one, considering the circumstances—and a prompt resolution to a set of problems he did not create.

It should make you angry when you hear someone griping about this economy without acknowledging the remarkable progress we've made from the depths of a historic pandemic and insurrection. We fucking made it, bros, yet people want to bitch for their own shallow political reasons. They want to smear a wildly competent administration and pretend everything is collapsing simply because their employer wants them back in the office three days a week.

Man up and give credit where it's due. This economy is strong as hell!

[Anonymous No.56479757]

>>56477913
Another little trick done with "foreign aid" is to earmark it for payment of interest on IMF and other bank loans. So essentially money right into the pockets of banks.

[Anonymous No.56479763]

>>56477280
interesting stuff
>>56476674
when was the last time GDP actually helped the average person

[Anonymous No.56480112]