Probably would be more accurate to say “with guaranteed no return”
pretty much yeah
Gross domestic product grew at an annualised rate of 4.3% between July and September
Corporate profits jumped by $166.1 billion, or 4.2%, in the third quarter, compared with a modest $6.8 billion increase in the previous quarter.
Couldn’t be more glaring
The time is nigh. It cannot pop [the AI bubble] soon enough damnit!
given the whole geo political situation the us is, i don’t really see them recovering from this burst when it happens, and it will happen. i think if we are lucky it could very well be the beginning of the end of burger empire. of course it’s not like they will magically disappear overnight but they are failing agriculturally, technologically, economically and they don’t even hold the world hostage with the dollar anymore
Same, and it’s worth keeping in mind that back in 2008, China basically bailed the US out. They were by far the biggest buyer of US bonds then which helped stabilize the economy. There’s a fat chance of that happening this time around.
Technologically and economically I get, but what do you mean by the US failing agriculturally?
Due to the tariffs China stopped buying soy beans from the US and started buying them from Argentina, I don’t remember the specifics but China used to buy something like 80 to 90% of US soy beans, which means the US agrarian sector was left with goods that didn’t have a buyer, finding a replacement like China in that sector is not something that happens overnight so a lot of the crops will probably go to waste and that market will be in a bad shape. Funniliy enough while this was happening the US also gave Argentina a $20bn swap buying Pesos, which basically is like buying toilet paper.
Thank you for the overview.
Though honestly the main thing it did was further upset me about the fact that even with such a large agricultural output, I see the homeless and hungry everywhere around where I live.
Yeah, I feel you, same happens here, we produce a lot of food but most of it isn’t sold here. I hope you can escape from the US.
