Monitoring US Economy

cannonfodder

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Two Minutes To Midnight

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Even in Weimar Germany, there were multiple times, as the currency went from zero to a trillion over 4 or 5 years, where the Reichsbank pivoted. It was the Havenstein pivot. People were selling Gold to buy Reichsmarks.

It's the same thing we're watching now. The same dynamic where because the debt is so big, the deficits are so big, there's really only one way out of this.

You have to have significantly negative real interest rates for a sustained period of time, get debt to gdp down, from which the central bank can raise rates without blowing up the system.
 

karn

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First Solar Inc. has decided against building a new factory in the US, citing uncertainties regarding trade policy and tax incentives.
I get the feeling that the US is getting a lot of 3rd world style problems.
Lots of nimbys and court cases stalling infrastructure work.
Weird state tax and labour laws.
Bad infrastructure.
 

Two Minutes To Midnight

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Volt Bank in Australia collapses. I’m sure it’s going to be one of many financial institutions that won’t last. Be prepared for it folks. You already heard banks in China freezing (aka stealing) people’s money. Now, banks in Australia can’t stay afloat.

The FED is basically running a Ponzi scheme now and the Fedcoin rug pull is coming up.

photo_2022-07-02_20-17-40.jpg


They can't fight inflation or reduce the balance sheet.
 

WarmongerLSK

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Volt Bank in Australia collapses. I’m sure it’s going to be one of many financial institutions that won’t last. Be prepared for it folks. You already heard banks in China freezing (aka stealing) people’s money. Now, banks in Australia can’t stay afloat.

The FED is basically running a Ponzi scheme now and the Fedcoin rug pull is coming up.

View attachment 162452

They can't fight inflation or reduce the balance sheet.

The above says that the bank collapsed because it wasn't doing anything new and wasn't able to raise capital. Also it only has 6000 customers. Isn't that abysmally low for a bank. How are Feds responsible for this?
 

ezsasa

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Some production is moving back to US from china.

Rattled by the most recent wave of strict Covid lockdowns in China, the long-time manufacturing hub of choice for multinationals, CEOs have been highlighting plans to relocate production -- using the buzzwords onshoring, reshoring or nearshoring -- at a greater clip this year than they even did in the first six months of the pandemic, according to a review of earnings call and conference presentations transcribed by Bloomberg. (Compared to pre-pandemic periods, these references are up over 1,000%.)
=====
American Factories Are Making Stuff Again as CEOs Take Production Out of China
 

karn

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Some production is moving back to US from china.



=====
American Factories Are Making Stuff Again as CEOs Take Production Out of China
Maybe wishful thinking .. Regardless of productivity levels american skilled workers are way too expensive. Energy sector is also very flaky at the moment in the US. These dudes will probably set up factories in mexico.

BTW what did @TwoMinutesToMidnight do to get banned.
 

ezsasa

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Maybe wishful thinking .. Regardless of productivity levels american skilled workers are way too expensive. Energy sector is also very flaky at the moment in the US. These dudes will probably set up factories in mexico.

BTW what did @TwoMinutesToMidnight do to get banned.
whether it will happen or not, too early to say. but their policy makers are atleast openly talking about bringing back manufacturing.

optimist nihilist went on a tirade against mods.
 

another_armchair

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Ouch...


After telling employees about one-time bonuses which would be part of their compensation package, they then send a second email letting workers know the figures had been miscalculated due to a software error, and would be lower than what they had been told, according to Insider.
 

Trial By Fire

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LMAO, France TV will show on all its channels a "weather forecast of electricity" to avoid blackouts. Colors will be used to show the status of the electricity grid live at all times (most likely in a corner of the screen).

🟩 normal
🟧 gonna be bad
🟥 prepare your anus


All that arrogance over "we will show Russia!!!" is about to bite them in the ass as winter finally approaches. Plus, what kind of a stupid move is this? Okay, we are going to show the status of the electricity grid on our channels so that everyone has to have their tv on to keep track of how much power is being wasted:pound:?
 

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