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Why America's economy is soaring ahead of its rivals

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Re: Why America's economy is soaring ahead of its rivals

#421

Post by niceice »

amrocha wrote: post #157
naming_the_user wrote: post #148

Earlier quoted context omitted.

This feels like a huge generalization to me. The US, UK, EU and realistically most developed countries I would say have fairly similar quality of life within margin of error. I've travelled a fair amount and everywhere is basically the same. For an individual it's really going to come down to lifestyle and what you prefer. Some people like urban living and walkability, if that's you then you probably want Japan or ol…

[flagged]

Then you'll be surprised to learn that the USA is the country that attracts the most international migrants by far.

https://www.statista.com/chart/30815/top-destination-countri...

Re: Why America's economy is soaring ahead of its rivals

#422

Post by davidklemke »

luizfzs wrote: post #255

But is the majority of the population thriving? It is very misleading (at best) to say the economy is strong when a good chunk of the population live paycheck to paycheck. A handful of companies are thriving, but barely any of its employees.

The article addresses this directly, arguing the point that the social safety net has a cost which is what is curtailing the economy in some respect:

For all its economic power, the US has the largest income inequality in the G7, coupled with the lowest life expectancy and the highest housing costs, according to the OECD. Market competition is limited and millions of workers endure unstable employment conditions.

Europe’s social safety net needs to be paid for, warned Christine Lagarde, president of the European Central Bank, in a speech in November. Boosting competitiveness is necessary for long-term prosperity, she argued: “Failure to do so could jeopardise our ability to generate the wealth needed to sustain our economic and social model.”

Re: Why America's economy is soaring ahead of its rivals

#424

Post by TeaBrain »

sangnoir wrote: post #291
luizfzs wrote: post #255

But is the majority of the population thriving? It is very misleading (at best) to say the economy is strong when a good chunk of the population live paycheck to paycheck. A handful of companies are thriving, but barely any of its employees.

> But is the majority of the population thriving? Looking at the numbers: low unemployment, strong consumer spending, average income increasing at a rate higher than inflation, I'd say the majority is doing better than most years. They might not feel that way though, and we've been in a continuous vibes-cession since COVID.

Real wages (adjusted for inflation) have fallen since November 2020.

https://www.statista.com/chart/32428/inflation-and-wage-grow...

Re: Why America's economy is soaring ahead of its rivals

#426

Post by kazen44 »

NotSammyHagar wrote: post #206
wtcactus wrote: post #183

Earlier quoted context omitted.

Europe is willingly self sabotaging their industry and energy production, in the name of some completely irrational environmentalist ideology that states that saving the planet is achieved by making Europe poorer while allowing China, India and a few others to pollute without any restrictions. So yeah, we are getting poorer by the day and on the brink of a major economic crisis. Just look at what is happening in Germ…

European auto makers are failing because they can't make EVs that the market wants. And the market doesn't want their ICE vehicles either. They over-focused on very expensive high end EV vehicles. That's why they are hurting, it's not because it's EVs. European ICE vehicles are losing out in China because people there don't want to buy any more gas vehicles, at least most people are getting there. VWAG is losing mark…

making a cheap EV (like the trabant/VW beetle for EV's) would be great.

Gas prices in europe are no joke, and considering we are basically in a hybrid war with one of the biggest oil producers for europe, getting rid of energy dependence would be great for europe, and having cheap EV's would be key to that.

Re: Why America's economy is soaring ahead of its rivals

#427

Post by jakefromstatecs »

sokoloff wrote: post #274
luizfzs wrote: post #255

But is the majority of the population thriving? It is very misleading (at best) to say the economy is strong when a good chunk of the population live paycheck to paycheck. A handful of companies are thriving, but barely any of its employees.

I know plenty of people making $250K/yr or more who are living paycheck to paycheck. At that point, it's not really the company that's the problem...

> I know plenty of people making $250K/yr or more who are living paycheck to paycheck.

How?..

Re: Why America's economy is soaring ahead of its rivals

#428

Post by samirillian »

luizfzs wrote: post #255

But is the majority of the population thriving? It is very misleading (at best) to say the economy is strong when a good chunk of the population live paycheck to paycheck. A handful of companies are thriving, but barely any of its employees.

It’s funny because right after Trump was elected there was an ft article about all the metrics that showed that poor people were doing worse in real terms. One ft author uses one index to prove one point another uses others to prove another point. I’ve noticed that divide in particular between ft standard sub (40/mo) and ft premium (80/mo)

How much must I pay to not get consistently bullshat?

Re: Why America's economy is soaring ahead of its rivals

#429

Post by 01100011 »

mullingitover wrote: post #382
luizfzs wrote: post #255

But is the majority of the population thriving? It is very misleading (at best) to say the economy is strong when a good chunk of the population live paycheck to paycheck. A handful of companies are thriving, but barely any of its employees.

> But is the majority of the population thriving? It's important to understand that the stock market is a leading indicator . Everyone doesn't immediately get laid off when the stock market tanks. Everyone doesn't immediately get a raise when the stock market is roaring. A lot of people are just now experiencing the stock market mini-crash of 2022, when the pandemic helicopter money dried up. In two years a lot of pe…

> the stock market is a leading indicator

I don't think so. It is probably loosely correlated with the economy at best.

The stock market can soar in times of cutbacks which hurt non-asset owners but which benefit profit margins. The stock market can boom on liquidity surges that do not translate into economic investments. The stock market can crash while the overall economy does fine(wasn't 2000 basically this, with the economy not really suffering until after 9/11?).

Re: Why America's economy is soaring ahead of its rivals

#430

Post by qudat »

luizfzs wrote: post #255

But is the majority of the population thriving? It is very misleading (at best) to say the economy is strong when a good chunk of the population live paycheck to paycheck. A handful of companies are thriving, but barely any of its employees.

Based on what I’m seeing on YT from financial influencers, people are burning cash by purchasing cars they can’t afford
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