#USA Economic Growth

[erdkuttam]

Trump's Second Term: Astrological Insights UP & Down

Astrological Predictions for the USA Under Donald Trump’s Second Leadership (2025-2029) As we step into a new phase of leadership, the astrological outlook for the United States under Donald Trump’s second term offers intriguing insights into various critical areas. From political relationships across the world to economic growth and environmental development, the stars reveal a complex but…

[probablyasocialecologist]

[tankgotstuckinthecircusgate]

i am sorry cant be silent but ru*ssians in karlovy vary is such a mind blowing thing to me. thinkin bout this all evening

@demonzriti u just shouldnt have told me that. now i wont sleep bc of this

[head-post]

Trump threatens India with reciprocal tariffs

US President-elect Donald Trump has threatened to impose reciprocal tariffs on India, reiterating his long-standing complaints that New Delhi charges high tariffs, The Independent reports.

Trump made the remarks at a news conference at Mar-a-Lago, standing next to his nominee for Commerce Secretary Howard Lutnick.

The former president, who threatened tariffs on several countries as part of his “America First” approach, ended preferential trade status for India during his first term in 2019.

Under the first Trump administration, India faced a bitter tariff war, which affected trade ties between both sides even as Prime Minister Narendra Modi and Mr Trump maintained a close relationship.

Forget about the word tariff for a second, Mr. Trump said, adding that: “If they tax us, we tax them the same amount. They tax us. We tax them. And they tax us almost in all cases and we haven’t been taxing them.”

He also added:

“India charges a lot. Brazil charges a lot. If they want to charge us, that’s fine, but we will charge them the same.”

India-China relations have gained momentum over the past two decades as tensions between Washington and China have risen sharply. Under the Biden administration, relations improved further as Washington viewed India as a strategic partner to counterbalance China’s rise in the Indo-Pacific region.

However, analysts say India-US ties under the second Trump administration will have to be put to the test with the looming tariff war.

After winning the election, Trump threatened to impose 100 per cent tariffs on the BRICS countries – Brazil, Russia, India, China and South Africa – if they try to replace the dollar in international trade. Mr. Trump said on Truth Social on November 30:

“We require a commitment from these countries that they will neither create a new Brics Currency, nor back any other currency to replace the mighty US Dollar or, they will face 100 per cent tariffs, and should expect to say goodbye to selling into the wonderful US economy.”

Indian Foreign Minister Subrahmanyam Jaishankar said in December that India was not nervous about co-operating with Trump. Jaishankar said:

“India is in a much more advantageous position than many other countries to build deeper relations with the incoming Donald Trump 2.0 administration in the US. Some countries are looking at Trump 2.0 as a political challenge, we are not.”

The US is India’s top export destination, with exports of goods and services from it set to reach $120 billion in 2023.

Read more HERE

[gregor-samsung]

" It’s important to understand that the Soviet Union achieved collapse-preparedness inadvertently, and not because of the success of some crash program. Economic collapse has a way of turning economic negatives into positives. The last thing we want is a perfectly functioning, growing, prosperous economy that suddenly collapses one day, and leaves everybody in the lurch. It is not necessary for us to embrace the tenets of command economy and central planning to match the Soviet lackluster performance in this area. We have our own methods, that are working almost as well. I call them “boondoggles.” They are solutions to problems that cause more problems than they solve.

Just look around you, and you will see boondoggles sprouting up everywhere, in every field of endeavor: we have military boondoggles like Iraq, financial boondoggles like the doomed retirement system, medical boondoggles like private health insurance, legal boondoggles like the intellectual property system. The combined weight of all these boondoggles is slowly but surely pushing us all down. If it pushes us down far enough, then economic collapse, when it arrives, will be like falling out of a ground floor window. We just have to help this process along, or at least not interfere with it. So if somebody comes to you and says “I want to make a boondoggle that runs on hydrogen” – by all means encourage him! It’s not as good as a boondoggle that burns money directly, but it’s a step in the right direction. "

Dmitry Orlov - Closing the Collapse Gap (2006)

[usadvlottery]

Embark on a professional odyssey through Employment-Based Immigration in the USA, a gateway for skilled individuals and professionals seeking career opportunities on American soil. This immigration pathway encompasses various visa categories, from the widely recognized H1B to employment-based green cards, providing a diverse spectrum of professionals the chance to contribute to the vibrant tapestry of the U.S. job market. Explore stories of achievement, resilience, and innovation as individuals navigate the complexities of employment-based immigration, fostering economic growth and enriching industries across the nation. Join us in celebrating the success stories of those who have turned their ambitions into reality, leaving an indelible mark on the ever-evolving landscape of the American workforce.

[minnesotafollower]

Support for Immigration from Nicholas Eberstadt and George Will

Nicholas Eberstadt , the Henry Wendt Chair in Political Economy at Washington, D.C.;’s American Enterprise Institute (AEI), has authored a penetrating 23-page article about the upcoming new era of history he calls “the age of depopulation.”[1] Eberstadt “researches and writes extensively on demographics and economic development generally, and more specifically on international security in the…

[somerandomg33k]

So, building things is important. You must build things to sells things. And you have to sells things for the good of the economy. And we don't want a bad economy. A bad economy is no good for you, the individual. So the Democrats has a section on manufacturing.

[ennovance]

✅ 🇺🇸The economy is doing just fine

“Looking at the latest daily and weekly data shows that retail sales are strong, jobless claims are falling, restaurant bookings are strong, air travel is strong, hotel occupancy rates are high, bank credit growth is accelerating, bankruptcy filings are trending lower, credit card spending is solid, and Broadway show attendance and box office grosses are strong. The Atlanta Fed’s GDP Now estimate for third quarter GDP is 2.4%, and the Dallas Fed weekly GDP indicator is 2.3%. Finally, we added a new chart with state-level GDP for New York, California, and Texas, which also shows continued strength.”

-slock

#investment #ennovance

[gentlemanclub1]

The Current State of the US Economy: Causes, Solutions, & the Path Foward

I hope yall will enjoy and take something away from this. ❤️

The United States economy, as the world’s largest and most influential, is subject to numerous factors that shape its performance. In this blog post, we will examine the current state of the US economy, explore some of the causes behind its fluctuations, and discuss potential solutions to address its challenges. To provide a comprehensive view, we will reference credible news sources and expert…

[txttletale]

I'm asking this genuinely, as a 19 yo with no education in economics and a pretty surface level understanding of socialism: can you explain the whole Bananas discourse in a way someone like me might understand? In my understanding it's just "This is just a product we can give up to create better worker conditions and that's fine" but apparently that's not the full picture?

alright so some pretty important background to all this is that we're all talking about the fact that bananas, grown in the global south, are available year-round at extremely low prices all around europe and the USA. it's not really about bananas per so--the banana in this discourse is a synechdoche for all the economic benefits of imperialism.

so how are cheap bananas a result of imperialism? first of all i want to tackle a common and v. silly counterargument: 'oh, these ridiculous communists think it's imperialist for produce to be shipped internationally'. nah. believing that this is the communist objection requires believing in a deeply naive view of international traide. this view goes something like 'well, if honduras has lots of bananas, and people in the usa want bananas and are willing to pay for them, surely everyone wins when the usa buys bananas!'.

there are of course two key errors here and they are both packed into 'honduras has lots of bananas'. for a start, although the bananas are grown in honduras, honduras doesn't really 'have' them, because the plantations are mostly owned by chiquita (formerly known as united fruit) dole, del monte, and other multinationals--when they're not, those multinationals will usually purchase the bananas from honduran growers and conduct the export themselves. and wouldn't you know it, it's those intervening middleman steps--export, import, and retail, where the vast majority of money is made off bananas! so in the process of a banana making its way from honduras to a 7/11, usamerican multinationals make money selling the bananas to usamerican importers who make money selling them to usamerican retailers who make money selling them to usamerican customers.

when chiquita sells a banana to be sold in walmart, a magic trick is being performed: a banana is disappearing from honduras, and yet somehow an american company is paying a second american company for it! this is economic imperialism, the usamerican multinational extracting resources from a nation while simultaneously pocketing the value of those resources.

why does the honduran government allow this? if selling bananas is such a bad deal for the nation, why do they continue to export millions of dollars of banans a year? well, obviously, there's the fact that if they didn't, they would face a coup. the united states is more than willing to intervene and cause mass death and war to protect the profits of its multinationals. but the second, more subtle thing keeping honduras bound to this ridiculously unbalanced relationship is the need for dollars. because the US dollar is the global reserve currency, and the de facto currency of international trade, exporting to the USA is a basic necessity for nations like honduras, guatemala, &c. why is the dollar the global reserve currency? because of usamerican military and economic hegemony, of course. imperialism built upon imperialism!

this is unequal exchange, the neoimperialist terms of international trade that make the 'global economy' a tool of siphoning value and resources from the global south to the imperial core. & this is the second flaw to unravel in 'honduras has a lot of bananas' -- honduras only 'has a lot of bananas' because this global economic hegemony has led to vast unsustainable monoculture banana plantations to dominate the agriculture of honduras. it's long-attested how monoculture growth is unsustainable because it destroys soil and leads to easily-wiped-out-by-infection plants.

so, bananas in the USA are cheap because:

the workers that grow them are barely paid, mistreated, prevented from unionizing, and sometimes murdered

the nations in which the bananas are grown accept brutally unfair trade and tariff terms with the USA because they desperately need a supply of US dollars and so have little position to negotiate

shipping is also much cheaper than it should be because sailors are chronically underpaid and often not paid at all or forced to pay to work (!)

bananas are cheap, in conclusion, because they're produced by underpaid and brutalized workers and then imported on extortionate and unfair terms.

so what, should we all give up bananas? no, and it's a sign of total lack of understanding of socialism as a global movement that all the pearl-clutching usamericans have latched onto the scary communists telling them to stop buying bananas. communism does not care about you as a consumer. individual consumptive choices are not a meaningful arena of political action. the socialist position is not "if there was a socialist reovlution in the usa, we would all stop eating bananas like good little boys", but rather, "if there's a socialist revolution in the countries where bananas are grown, then the availability of bananas in the usa is going to drop, and if you want to be an anti-imperialist in the imperial core you have to accept that".

(this is where the second argument i see about this, 'oh what are you catholic you want me to eat dirt like a monk?' reveals itself as a silly fucking solipsistic misunderstanding)

and again, let's note that the case of the banana can very easily be generalised out to coffee, chocolate, sugar, etc, and that it's not about individual consumptive habits, but about global economic systems. if you are donkey fucking kong and you eat 100 bananas a day i don't care and neither does anyone else. it's about trying to illustrate just one tiny mundane way in which economic imperialism makes the lives of people in the global north more convenient and simpler and so of course there is enormous pushback from people who attach moral value to this and therefore feel like the mean commies are personally calling them evil for eating a nutella or whatever which is frankly pretty tiring. Sad!

tldr: it is not imperialism when produce go on boat but it is imperialism when produce grown for dirt cheap by underpaid workers in a country with a devalued currency is then bought and exported and sold by usamerican companies creating huge amounts of economic value of which the nation in which the banana was grown, let alone the people who actually fucking grew it, don't see a cent -- and this is the engine behind the cheap, available-every-day-all-year-everywhere presence of bananas in the usa (and other places!)

[fastlivenostress]

China’s Economic Growth Surges Ahead: What Does It Mean for the World?

Pixabay:great Wall of China China’s economy has been on a rampage in recent years, with impressive growth rates that far outpace those of other major economies. In 2021, China’s GDP grew by 8.1%, while the United States and the European Union grew by 6.4% and 4.2%, respectively. This rapid expansion has sparked concerns among some economists, who worry about the sustainability of China’s growth…

[head-post]

Fed’s Powell marks patient approach after rate cut

The Federal Reserve cut interest rates by a quarter percentage point amid what could be an economic challenge when President-elect Donald Trump takes office next year, according to Reuters.

Fed Chair Jerome Powell said the outcome of Tuesday’s presidential election would not have a “near-term” impact on US monetary policy. Powell added that the Fed will continue to evaluate the data to account for inflation, which slowed markedly last year and is approaching the US central bank’s 2% target.

It’s a process that takes some time. It’s all of the policy changes that are happening. What’s the net effect? The overall effect on the economy at a given time? That’s a process … we go through all the time with every administration.

However, the exact destination remains unknown and will be even harder to determine if fiscal and tax policy changes as quickly as Trump has promised. Powell, who was appointed by Trump and then clashed with him during the Republican president’s first term, will now oversee monetary policy in the first critical months of the new administration.

So far, inflation and interest rates have fallen in line with the Fed’s forecast, which believes price pressures continue to ease amid continued economic growth and the labour market.

Elyse Ausenbaugh, head of investment strategy at J.P. Morgan Wealth Management, did not rule out the possibility of another quarter per cent rate cut at the Fed’s final meeting of the year on December 17-18.

The easy cuts have been made, and maybe December won’t be too contentious either. Thereafter, I imagine the Fed is asking the same questions as investors – to what extent and when will the incoming Trump administration implement its campaign policy proposals?

Powell said the economic outlook was good at this point and the Fed hoped it would remain that way.

This further recalibration of our policy stance will help maintain the strength of the economy and the labor market, and will continue to enable further progress on inflation as we move toward a more neutral stance over time.

The Fed’s policy statement noted that risks to the labour market and inflation are “roughly in balance,” repeating language from the statement issued after the September 17-18 meeting.

Powell stated that the change in wording did not mean that inflation had become sustainable. The Fed, he said, had always expected progress to be uneven, and policymakers have confidence that inflation is on a steady path toward the 2% target.

Read more HERE

[latestnewschronicle]

Optimism Abounds: US Job Data Signals Balance Amid Economic Cooling

Recent developments in the US job market have ignited optimism and discussions about a potential “Goldilocks scenario.” With unemployment plummeting to a remarkable 3.8% — the lowest since 2000 — and wage growth slowing down, experts are contemplating a sweet spot where economic growth remains steady without causing inflationary pressures. This scenario, reminiscent of Goldilocks and the Three Bears, symbolizes the perfect balance.

The declining unemployment rate is particularly promising for young adults entering or preparing for the job market. It offers a brighter outlook for their future career prospects. However, the moderation in wage growth, while indicating economic stability, could be attributed to factors like increased living costs and heightened job competition.

The most significant impact may be on the Federal Reserve’s policy decisions. With historic lows in unemployment, there’s growing anticipation that the Fed may pause or slow its interest rate hikes, benefiting borrowers and potentially stimulating further economic growth.

In summary, the US job market’s strength and resilience give rise to hopes for a balanced economy. The interplay between declining unemployment and wage growth moderation sets the stage for a positive economic outlook and possibly a “just right” scenario, similar to Goldilocks’ perfect porridge.

Source: Economic Insider

Also Read: Navigating EU Regulations: Microsoft's Bold Approach

[allthecanadianpolitics]

Why would tarrifs on Canadian goods hurt Canadians, not just Americans? America companies have to pay and it will affect Americans not us.

It will effect us. If its more expensive for Americans to import Canadian goods, they'll just import less goods from Canada, which will hurt Canadian businesses. Something like 80% of Canada's exports go to the USA.