US Economy - News, Updates and Discussion

[dbc]

The high production figures is because of overpriced semiconductors rather than increased quantity in tonnage. The high production of mobiles and computers using USA made chipsets and electronics are the only lifeline for USA economy. USA has lost ground in everything else - steel, aluminium, automobiles, consumer durables, plastics, clothes, pharma etc.

Oh dear, how about you provide some data from a reliable source to support your claim.

 

[Yommie]

The high production figures is because of overpriced semiconductors rather than increased quantity in tonnage. The high production of mobiles and computers using USA made chipsets and electronics are the only lifeline for USA economy. USA has lost ground in everything else - steel, aluminium, automobiles, consumer durables, plastics, clothes, pharma etc.

Yup. US has really fallen in consumer electronics. Don't make anymore TV, radio, fridge, washing machine, barely makes a few HP PC

 

[samejjangir]

Oh dear, how about you provide some data from a reliable source to support your claim.

There are no reliable sources when it comes to international trade, technology data as most of these are kept secretive. USA maintains a complex web of technology trade. For example, South Korea, Taiwan did not even have a proper semiconductor R&D before 1990s and suddenly they are using the most advanced technology of foundries. But no source ever tells how USA is supplying them technology, there terms etc. No source tells how ASML obtains the critical EUV parts, who produces them, who funded the R&D of the EUV etc.

Can you give me a reliable source about the petrodollar agreement and the terms of the agreement? Remember this happened over 50 years back and everyone knows that GCC states have their currency pegged to USD & is even enforced in international trade. But not one source has mentioned the terms of the agreement.

 

[samejjangir]

Yup. US has really fallen in consumer electronics. Don't make anymore TV, radio, fridge, washing machine, barely makes a few HP PC

Yes, the non-chip based electronics has been dominated by China. I am speaking of chip based electronics like CPU, GPU, memory drives, SSD, data transfer bus etc. The other electronics like LED screen, PCB, simple ICs etc have fallen

 

[Yommie]

Yes, the non-chip based electronics has been dominated by China. I am speaking of chip based electronics like CPU, GPU, memory drives, SSD, data transfer bus etc. The other electronics like LED screen, PCB, simple ICs etc have fallen

Chinese CPUs are second to none. Even in the field of CPU the US cannot win against China.

Loongson - Wikipedia

en.wikipedia.org

 

[GiantPanda]

Nope, actually China has been extending ITS lead over the US:

 

[GiantPanda]

China's growing lead over the US is best exemplified by the huge and accelerating differences in electricity demand:

Only an charlatan or ostritch would think that an economy with an explosively growing demand for electrity many times that of the US would lose any ground.

 

[retaxis]

US doesn't really have an economy besides a few internet companies. The biggest US manufacture is debt. US literally counts 200k degrees in feminism in Africa or 400k doctorate degrees in gender studies as "adding value to the economy"

When a giant falls like Roman Empire, It pretends everything is fine when the house is on fire

 

[dbc]

The high production figures is because of overpriced semiconductors rather than increased quantity in tonnage.

Let us stay with your original assertion before we move to your other more outrageous claims. US share of global chip production has declined. US top exports isn't even semiconductors it's machinery and chemicals. US export data is public and available with the Dept of Commerce.

 

[Yommie]

Chinese don't care about races. That's what Americans are obsessed with.

 

[GiantPanda]

Chinese don't care about races. That's what Americans are obsessed with.

Especially when China already has the world largest economy since 2016 and the gap has grown wider every year since.

 

[SaadH]

There are no reliable sources when it comes to international trade, technology data as most of these are kept secretive. USA maintains a complex web of technology trade. For example, South Korea, Taiwan did not even have a proper semiconductor R&D before 1990s and suddenly they are using the most advanced technology of foundries. But no source ever tells how USA is supplying them technology, there terms etc. No source tells how ASML obtains the critical EUV parts, who produces them, who funded the R&D of the EUV etc.

Can you give me a reliable source about the petrodollar agreement and the terms of the agreement? Remember this happened over 50 years back and everyone knows that GCC states have their currency pegged to USD & is even enforced in international trade. But not one source has mentioned the terms of the agreement.

Petro dollars and genocidal use of US military allows US unfettered money printing and the real source of their excesses. The prototypically over weight red blooded Bible thumping American owes their life style to arabia.

 

[StraightEdge]

There are tons of ways to measure GDP. In fact the Chinese are happy to stay 2nd, they don't want to create a shitstorm. But in almost all 'real' measures, China is beyond US. Also, China and Xi is not worried about market/stocks unlike the US.
Take few examples - Chinese regulators overnight killed the private education sector. No other country will dare to do that. Then the popped the real estate bubble. They could have easily allowed it to inflate, but they chose the hard thing to do. Markets obviously reacted, but that hardly created a sweat for the CCP. Saem goes for gaming sector now. They reined in the consumer IT as well as small micro financing sector. All bad for market, but sort of good for society in long run. Now just compare against US medical care. The same medical diagnostic can be done in China at 1/10th of price or even less.
Here's something I read recently about US. Real wages are actually down.

I think few states have higher mim wage, but the point still stands. What's the point of economy growing when real wages itself don't grow.
And now real stats from ILO. GDP at the end of the day is a fictional value, wages are real.

Another example, taking Benz sales. Mercedes sold 3x more cars in China than in US. Same goes for Audi or BMW. Pretty good for such a dwindling economy, isn't it?

 

[dbc]

Please do not use racial slurs and offensive language. Thank you.

 

[GiantPanda]

Any country that uses more than twice as much electricity as the US and is experiencing EXPONENTIALLY greater demand every year will have a much bigger economy that is also growing faster.

This is empirical evidence in raw output not nominal exchange rate where you can assign $5 to a haircut in China but $100 to a haircut in the US: