Why is the US economy so resilient? | Counting the Cost
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- Опубликовано: 14 май 2024
- Geopolitical tensions, the pandemic's lingering aftershocks, high inflation and steep borrowing costs. Countries across the globe have faced multiple crises for months.
And just last year, the world's biggest economy, the United States, was at risk of recession.
Today, its gross domestic product is growing faster than expected. Stocks are soaring. And the job market is hot.
The US economy is not just strong. It has also powered ahead of the European Union, the United Kingdom, Japan and other advanced economies.
Why are farmers across Europe protesting?
Plus, North Korea looks to false eyelashes to shore up its economy.
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The US is the most diverse country in the world. Diversity comes with all talents.
It also comes with a lot of crime and chaos
@@sew_gal7340Not so much except dome black people
@@sew_gal7340 that’s because of the US Justice system.
The US grows its own food and energy supply and only uses its own currency to buy what it needs from the world. It's chief trading partners are on its borders.
The reserve currency thesis one hears most often is backwards. The strength and size of the US economy is not because of its reserve currency status. That status is because of the size and strength of the US economy.
Exactly. If the US money print does go out of control, people will use the Yuan or Euro instead.
Smartest comment here
@@antiquehealbot6543 We would have to print out 5 times the amounts (probably even more) for this to be in consideration. The Yuan is not exactly a stable currency in the eyes of traders and the EU confiscated insured bank deposits for their 08' bailout. Not exactly contenders for reserve currency status.
@visvamkandadaisrinivasan5190 Of course they aren't. I'm just saying that IF the dollar DOES get out of control. I think Euro will be closest and Yuan is distant 3rd but it's not likely in any means.
Size strength and diversity
I when forecasters are like "people are still living off their stimulus checks," like seriously how long do you think $2000 last?
Because the US dollar is the basis of prices of basic commodities that the world needs.
That can also mean foreigners have all our money while most Americans have little money.
@@MbisonBalrogYour stupid government and the snickers who are running it🤦🤷
Wow, I wish they were fighting for higher food quality controls in the United States.
The dollar is the reserved currency and is the basis for international trades. This allows US to print dollar continuously to fund rescues from banking crisis, wars and booming stock markets.
True , the the US has huge gas and oil reserves , an enormous amount of land with rare earth minerals, a huge military presence worldwide and a protection umbrella for European and Asian allies, and an strong consumer base. Demographics are positive, the opposite of China’s demographic development. It’s the world order as we know it nowadays. And yes it can chance, but alliances are a part of a great American future, sharing power with allies reliant on eachother
While little people have their earnings devalued. Which means their labor earns less and less
The US was already the largest and fastest consistently growing economy long before the US was even a superpower or able to print money.
It's slowly shifting through, especially with more and more countries shifting to BRICS and trading with each other in their local currencies instead of USD
@@zarategabeso what if there is an alternative currency? Long term it will force the US to get its spending under control and that’s a good thing. You forget that the USA became an economic powerhouse late 19th century when it was not a reserve currency. The British pound was the reserve currency at the time. As long as the Us is a major energy and food producer I don’t see it being completely ditched in the future- much to the dismay of the America haters around the world and within the USA
She asks pertinent and smart questions
I really think, in my laymans language, the reselience of an economy should be measured on how comfortable the lowest are living, i.e, mainly rent and food purchase power.
In that case America must be one of poorest.
Sure. Add a measurement that has never been used for any country. That makes sense.
@@MbisonBalrogthat means you haven’t visited most of the world. I’m telling you that poorest live so much better compare to the rest of the world. It’s rough out here.
@@MbisonBalrogYou think that because you don't know about economy well. See the data.
@@josephvertuoso5901 yeh sure compare us those primitive tribes in the Amazon. That is the metric we should be using.
What happenes if you just consistently transfer debt from one place to another while it incurres interest, and then call it asset and income generation.
You get resilient US economy
They have the world currency, it is debt to the world, not in the US
Just enjoy the economy. There is nothing real in the world
Then economy not so "resilient"
Economy
"Delusion"
The American economy is so strong that its unable to pay back its debt.
Haha. Who said they will ever pay back their debt? They literally make it up out of thin air. They control IMF, the world bank. Their biggest weapon isn't their military. It's that the vast majority of the world's money has to flow through them😊
Best comment
US doesn't need to.. It's all in dollars
@@anshuraj4277 well you will be paying for it as per the constitution
@@praveenspike mostly domestic
They ignore the depreciation of durable consumer goods. When have you heard an economist talk about the Net Domestic Product?
Economic investigator Frank G Melbourne Australia is following this very informative content cheers Frank 😊
Nice video, well explained, great job
Because the people participating in the prosperity have accumulated all the wealth so the macro economic numbers which we use to judge the economy look OK
The fact that obtaining a living wage from employment is getting more difficult because to prop up the economy and profits and the stock market, they simply don’t pay what is required to maintain workers lifestyles to keep up with rising costs everywhere
The USA is the most underestimated country in the world by all medias be they american, western or from around the world. Difficult to say why? Maybe because there's too much instant information on the USA economy from that country.
Y do media outlets underestimate its economy yet they overestimate its power and propaganda to lie jst abt everything in its interest
Constant and consistent Innovation is why…
Also good accounting
The irony is European agricultural exports have decimated West African dairy and fresh produce farmers. The EU drove aggressive free trade with West Africa to disastrous effect on African peasant farmers.
What's good for the goose is good for the gander 🤷🏿♂️
And now... Europe wants to close their market for external food imports.
Bunch of hypocrites.
Why are people so triggered by the US economy doing so well? It is very true in the US if you want a job they are in abundance. No one is starving here.
No one is starving here. There are literally hundreds of thousands starving and homeless.
@@ericseiz3472there are not hundreds of thousands of people starving in the US. The vast majority of homeless are either drug addicts, alcoholics or have some form of mental illness. In the US it’s not easy to force citizens into treatment. They also receive public food benefits so no one is starving.
@@ericseiz3472bro the homeless get $300 in food stamps instantly anywhere in the united states not to mention also have access to free healthcare as well and other benefits this is everywhere in the US. If a homeless person is "starving" that means they're selling their food stamps for cash for drugs. They give food stamps out to anyone homeless
It is a very fine balance where someone will spend pretty much everything they have just to have a place to live and some food. These days it makes more sense to rent your slaves so you don't need to worry about feeding and housing them.
@@ericseiz3472how, we have free food banks everywhere and food stamps
The US have the dollar printing machine, whereas almost all other countries have to borrow from the print masters and pay interest on top. How fascinating!!
Why can’t erbody else just print own currency ?
@@MbisonBalrogbecause then USD is viewed, rightfully or wrongfully so.... As the most stable in the minds of the world.
That’s good for America, may be China, Russia & India do the same ?
@@sidog77-kt9bbRight, and no other country has been able to emulate that.
I mean, if you're complaining about the petro-dollar, you could always try and diversify your energy supplies to renewables and nuclear instead... If you're not reliant on the USD to import the energy needed to run your economy, logic follows that you'd be more resilient to energy price shocks. Same for food imports
The USA is energy independent so that has to help, many big businesses are moving in
Because the big guy worked hard with his staff to make it happen 😎😎😎🇺🇸🇺🇸🇺🇸💰💰💰💰🤠🤠
*Also, the US could be self-sufficient in pretty much everything from food, gas, natural resources, manufacturing, etc (with the exception of maintaining trading partners with our northern/southern neighbors). This also means we've never been at risk of invasion (if you don't count the border crisis) that could lead to war on American soil. Plus the dollar is the world's reserve currency. All in all, this makes us less susceptible to the plights of other countries. If Russia took over all of Ukraine tomorrow, we'd more or less be ok compared to the EU (like what happened with the energy crisis)*
80% equities 20% cash. I plan to take advantage of the s&p 500 as leading indicators predict above 10% rise by this year, my only issue is how to properly allocate a large stock/bond portfolio for substantial gains at minimum risk.
Knowledgeable Investors know where and how to put money during a crisis in order to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage these market conditions
I agree, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise fromm early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q1 next year
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
NICOLE DESIREE SIMON is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Very interesting insights 🌍🌍🌍🌍🌍
borrowing... printing money (meta borrowing) .... and cooking the numbers
Borrowing money does not equate to economic growth. If that was the case every country would be growing
Borrowing is bad for economy so never repeat this statement again. 😂😂 You sound like you are illiterate.
@@seanthe100Not necessarily...
But, printing 4 Trillion debt for Economy stimulus is BRUTE force 😂
No other country can print 4 trillion dollars in 2 years.
If you don’t believe in numbers then you should share your data with us.
@@dxd42Printing 4T? Source?
It's doing well because the rich are profiting and gotten even richer.
Your average citizen is not in a better condition.
Exactly what your wouldn't hear is housing crisis, student debt, health insurance debt, grocery price for average citizens
@@siyathembangcanga2331 All of them are surviving on supplemental income, EBT, disability income, unemployment, retirement income, pensions, free health insurance, housing subsidies, and so on, yet the poverty level is skyrocketing.
Yep, as an American the middle class and poor have been losing more and more for the last 40 years. But the rich have gotten massively wealthier.
Not sure why increased credit card debt is a good sign 😕
Ok...and the rich brown men are not getting richer? Lol
Worlds Highest Inflation Rates.
Venezuela 56%
Zimbabwe 130%
Argentina 100%
Sudan 28%
Turkey 65%
Pakistan 23-25%
Nigeria 28.2%
Iran 36.8%
Lebanon 212%
Cuba 34.13%
Egypt 34.6%
Russia 7.42%
*USA Inflation Rate 3.93%
Debt 😂
High Inflation Nations (Jan 2024)
Country CPI inflation%
Venezuela
189.8
Zimbabwe
26.5
Argentina 211.4
Sudan 71.6
Turkey 64
That's a lie
Keep in mind that Venezuela, Zimbabwe, Iran , Cuba
and Russia are heavily sanctioned by USA
@@maipai101 anything you . dont. like. is a lie.
They started wars/conflicts somewhere in the world whenever they sensed their economy performed poorly. Perpetual wars on your own soil make you poor, but perpetual wars elsewhere make you rich when you are the best at making weapons.
Is it? The Mirage is fast dissipating.
It’s resilient because of the strength of the US dollar and the financial infrastructure that only the US has that allows it’s effective and efficient use in international trade. This allows the US to print trillions and trillions of dollars and export much of that inflation outside of the US. This allows the US to continue to prosper at the expense of all other nations (buts it’s only the ultra rich in the US that prosper). Because everyone else depends on the US dollar their monetary policy is effectively dictated by the US central bank. Eventually, very soon, inflation will destroy the world economy, but the US will come out of it in relative terms better than everyone else.
Sad that most people don't understand this U$D tool
Simon Evenett is an excellent analyst. Please have him on more often.
people complain about picking the USD as the world's international dollar
but do you have a better alternative?
The FED lowered its inflation objective to less than 2% in 2012. They changed the target to a long-term average of 2% inflation. Because long-term interest rates are set at inflation plus a profit margin, the implication is lower interest rates. I consider the current rising interest rate to be a very serious issue it will cause more investors to withdraw from the market. But then despite the severe bear market, I am aware of certain investors that continue to earn over $365,000. Wish I could accomplish that.
Very possible! Particularly in this weak market. There are several opportunities to generate excellent returns, but such intricate transactions can only be carried out by seasoned market professionals.The FED lowered its inflation objective to less than 2% in 2012. They changed the target to a long-term average of 2% inflation. Because long-term interest rates are set at inflation plus a profit margin, the implication is lower interest rates. I consider the current rising interest rate to be a very serious issue it will cause more investors to withdraw from the market. But then despite the severe bear market, I am aware of certain investors that continue to earn over $365,000. Wish I could accomplish that.
I totally agree, it's been three years and counting, and I've made over 1.7 million by simply following a coach's advice. I was on the sidelines for a while watching, trying to determine the best time to get in, before I came across a coach, recommended by my wife. I was reluctant at first but I went ahead and contacted the coach. As a small reward for my consistency, I went on a trip to the Bahamas in the late summer.
That's impressive! I could really use the expertise of this manager for my dwindling portfolio. Who’s the professional guiding you?
Natalie Noel burns is her name. She is regarded as a genius in her area and works for Empower Financial Services
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
USA has been raising Treasury to fund WRS
Between Wal Street and the Real Industry its a different Picture! And the National Debt is a Nightmare!
Weapons manufacturing, gaza and ukraine wars.
Weapons manufacturers are %100 of the US gdp?😂😂
I agree with you, that until very recently immigrants who came to the west prospered and became very wealthy. That’s not the case today because inflation has changed all that. You tell me- if a person comes from India today, and doesn’t bring thousands of dollars with him, and has to rent, and pay insurance, energy costs, food, clothes, and has an average job, how much can he save? I tell you the answer is nothing. Do you know what rents are like in USA? Do the math. That was not the case five years ago when rents where a fraction of what they are now.
You may be doing well. But half of America’s population is barely making ends meet.
Also, inflation is persistent. All asset prices in USA are heavily inflated when the bubble pops, all those house values are going to drop like they did in 2008. Now imagine a wealth person from immigrates here now. And he buys a house for $800,000 and gives a down payment of $200,000. What happens when house prices drop to realistic levels. He loses his $200,000
Now you will say house prices won’t drop. That’s what they said in 2008. If you want to discuss economics, I can explain to you exactly why they will be dropping after the us election.
Please do explain. I appreciate your insight
Printing the dollar 😂😂😂😂
No country could beat America economy 😎
resilliance?
borrowing lots of money to support the current economy.
It’s mostly due to its system not only its population
It's a mirage. The numbers don't tell the whole story. U.S. debt, not economy, is growing!
Honestly, this concerns me and has left me uneasy. Especially the potential recession. I'm unsure about my $800k account strategy, considering the uncertainty of a recession mostly.
He who obtains wisdom loves his life
and he who observes prudence finds happiness.
I don't care what the numbers say, Americans are HURTING right now.
Those "jobs added" are low wage, no benefits jobs.
Those "stock market gains " are bc corporations are price gouging consumers on products we NEED, like groceries, gas, housing, etc..
People are going into massive debt just to feed and shelter ourselves. We're spending more NOT bc we feel confident about the economy, but bc everything costs so much MORE.
Talk to yourself, myself & all my friends are doing great.
Most Americans are doing good.
Surely some solution can be found where both people and farmers can eat
The US economy isn't really resilient, it's just that they can keep printing more money and don't end up like Argentina.
I don’t get Argentina. If inflation so bad why their country so nice looking? Everyone would be poor you think. But I never see homeless.
The US was already the largest and fastest consistently growing economy long before the US was even a superpower or able to print money.
weak and unintelligent countries need to catch up, or lose even more
In South London (UK), almost every building is more than 100 years old. But poorly built houses worth trillions.
@@MbisonBalrogculture plays a part you can be homeless but not in my residential area or parque familiar. We do have poor neighborhoods with drug use but we don’t tolerate people like them in public like in the us. The police will rough them up as well because people are ok with the purpose.
You are calling the country with 2% growth as resident and the country with 5% collapsing?
It is possible that accidentally this time pumping trillions into economy made the impact. No one really expected it. But John Maynard Keynes maybe was up to something after all. Some say Keynes thought that demand of the labour is the engine of the economy. That makes sense because the labour don't go anywhere no matter what. It is like the roots collecting the water in the tree of economy. (Tree analogy breaks miserably but maybe it is worth of quick consideration)
American Exceptionalism.
Your doing great. Hats off to you. Half of Americans have only enough savings to last two pay cheques. I don’t think you know much about economics and have no knowledge of money supply, inflation, and it’s effects on interest rates.
When companies start to lose even if its because of their own greed or mismanagement they get bailed out with the peoples money and the people have no say in the matter.
Because of the resilience of the dumbness of others to believe it.
Wea hv u been bro. That’s the reason
I feel like we should mention that USA is switching factorys to mexico for cheaper labor, that is where we are saving the money
Economic sentiment is also attached to class and the working class and poor have not seen gains. The inflation hit food and fuel most significantly and rent has gone higher. This means the under $60 000 annual income earner is not making ends meet in bigger cities
40-60% of that is NOT inflation. Corporations have been price gouging on top of inflation because they know the average consumer won’t realize they’re doing it. It’s well known because the 2023 fiscal reports came out with record profits and documented strategy that got them there.
"Some say .... "
China is interfering with agricultural policy using the UN-WFP.
great
Because of the unique position of USD, and the willingness of europe, japan, and south korea to be taken advantage of, and the helplessness of developing countries in being taken advantage of.
Look at the satellite images of North Korea and South Korea in the nighttime and tell me what you see 😂
Colonies. "Willingness" 😂
@@doodguy12 if North Korea could trade as freely with all other nations on ALL goods including with the US, do you really believe it would be in the same situation it is now?
Also you act like the US didn't act duplicitously towards its' allies like Japan with the Plaza Accords, even today there's a maximum quota of cars that Japan is allowed to export to the US annually.
Europe, SK, Taiwan, and Japan all face severe demographic challanges and significant geopolitical headwind in their region (i.e. Russian aggression and growing Chinese threat).
The US has no regional rival in North America, and enjoy much better demographic outlook, plus the ongoing trade war against China managed to bring back (reshoring) some of its industry previously lost to China.
And ofc, as you mention, the status of USD as _de facto_ global reserve currency helps too.
@@giansideros Japan is called a US ally in a nicer way, but in actual fact they are just an American colony post WWII.
When US says jump, Japan says how high.
I don't think Japan was ignorant of the expected outcome of the Plaza accord. They had no choice. They knew they had to obey.
USA brilliantly manufactured the perceived threats from Russia and China. Same in the middle east.
Divide and rule. Very well played.
The U.S. economy is running on stimulus checks and debt. Is is concerning
Is it really good or make it look good?
Because the US is exporting its inflation to poor countries that are forced to take loans in dollars.
Not true! US has a innovative society and a can do attitude. Also it has a huge market to support those innovations.
Its resilient because it has oil and also exploiting Europe with high prices on LPG. All oil producing countries are doing well and USA is one of them. Other explanations are just non sense.
Sir that stimulus money been gone.
How is it you lot are still talking about stimulus checks? That was years ago.
Your financial analyst just said that Americans are spending money do impart to checks from 2021….. checks comprising of 1,400 dollars…. That money was gone in a couple months. What hack job is this?
How can anyone suggest an economy is "resilient" when it added $2 trillion new national debt last year? That's not even counting state and local debt. If any other national economy was slowly growing using debt-fuelled stimulus, it would be considered a joke.
The US GDP is 23,3 trillion and the debt also inflates while the GDP grows. The US has huge gas and oil reserves , an enormous amount of land with rare earth minerals, a huge military present worldwide and a protection umbrella for European and Asian allies, and an strong consumer base. Demographics are positive, the opposite of China’s demographic development. It’s the world order as we know it nowadays. And yes it can chance, but alliances are a part of a great American future, sharing power with allies reliant on eachother.
@@jordie4423 Nice, rosy picture you've painted there. How about 63% of Americans live paycheck-to-paycheck, 1/7 Americans are on food stamps (they cannot afford food on their own), the average American has $10,000 in credit card debt, there is a student debt bubble, a sub-prime auto bubble, and apparently the rest of the world is coming to hate America because they support genocide.
The debt grows faster than the economy.
no its not.. We are booming..
Resilient or volatile?
Why is the US economy so resilient?
Confidence - the world keeps buying US bonds
The world believes in the strength and stability of the US
China suffers from capital flight (leaving the country) - folk fear China collapse
The US has the support & confidence of the world - hence a $33 trillion debt
and that debt can go much higher, it can comfortably double
The USA is not one of the most indebted countries in the world in terms of gdp/debt ratio.
China detains only 890 billion dollars in USA treasury bonds. Less than the stock market value of Facebook.
No body believe Mafia don.
😅many Wxll$treet already freaking out for they can't finish selling the U$ bond last few round.
But the media don't want to talk about these news.
It said that if you put a frog in boiling water, it jumps out of the water immediately but if you put it in cold water and gradually raise the temperature it does not respond and eventually boils to death. Something similar can happen to economies.🤷
Fact: Most US treasury bonds are owned by Americans.
Them stimulus checks been gone for almost three years. 😂😂😂😂
I promise being upset in the comments won’t change anything lmao. Mfs thought a boycott would make a dent 😂
The companies boycotted literally said it made a dent
Where world put their money ofcourse in UASS Bank or releted financial systém …. And when low cash UASS just print money 😀😃
That’s because stupid countries like Argentina, China, Egypt, turkey, Pakistani, Lebanon, Venezuela keep doing idiotic things with their own economies so people buy even more dollars to protect themselves from their stupid leaders, so the US dollar becomes even more powerful.
Resilient for whom? The 1%?
The USA will no longer be able to print money in the trillions like they used to because inflation is “sticky”. Quantitative Easing ie. money printing doesn’t work during inflation because no one will buy us treasuries except for the federal reserve because the value of treasuries drop as inflation goes up. So we are now in an era where if the USA tries to bail out banks or the economy by printing money they will actually create inflation.
The can kicking is over. The stock market will go up for the remainder of the year, but that’s for a different reason which I will not discuss.
All this sounds like is not true...
Maybe in an alternate reality US economy doing well. It is doing well for top 1%. However it is always doing well for them.
Any economy can appear resilient if they borrow $1 Trillion every 3 months!
$ 35 Trillion Dollars debt... Better be booming!! 😂
The payment of this debt, we leave for future generations 😂😂😂😂
This that can be erased in one second. US treasury will release a bond of $35 trillion dollars which US feds will buy and then $35 trillion will be bought by various different banks and in masters from feds. As long as USA has power to print money, it’s no big deal.
$36 Trillion dollar debt owed mainly to itself and its own citizens. Also, American Household wealth is $156 trillion, EU household wealth is $33 trillion. So the US can afford to pay its own debt.
The elite control when the markets go bull or bear.time for me to eat🎉
It’s not a fake post. I work in the USA and have travelled throughout the states. I am British, but have spent the last 8 years in America. Why does that make this post fake? Where is it fake?
It’s very simple answer, the power of printing dollars called seigniorage which other countries don’t enjoy! That’s why we need unipolar world, the day world doesn’t need USD for trade and storage assets, we fall badly because we will not be able to work with fiscal and trade deficits without undermining USD by printing more! All great empires did this and fell with it!
The us dollar not being a reserve currency would be a net positive for the us economy. The excess demand cause by foreign trade increases the value of the dollar and kills domestic production, and exports. If the rmb became the world currency chinas economy would collapse in days.
Because there is no other place like the United States of America!! The land of the FREE and the home of the brave !!
Who is this dude? I don’t know a single American that still had money from there stimulus checks in 2023. Most stimulus checks were spent within a few months of getting them. That went into credit card debt or paying for rent
Americans are first world whiners
Yeah he’s insane for saying that.
My point is very simple. Let’s use your example of New Delhi. In past years, a person emigrating to America, could have worked hard, saved money, and lived a decent life. That is not the case today. Inflation has destroyed that scenario. Any immigrant coming here today will be working multiple jobs to make ends meet. All of his income will go into rent, insurance, food, energy etc. He will not be able to save any money at all. He will never be able to buy a house in his lifetime, from income he earns in America. He will be working at least 60 hours a week, and hardly able take feed his family, living pay cheque to pay cheque.
Any average person living in Dubai, Kuwait, UAE, would be a fool to immigrate to America. He would be leaving behind Paradise for a “rotten life”.
Even the middle class of India, would now be foolish to immigrate to America in the present time. That was not true before. In fact Indians prospered in Western Countries. That’s not the situation now.
In fact, If you are young in America, and don’t have your parents money to rely on, you face hardships. You will never be able to buy a house or live the life you parents and grandparents lived. That’s the current reality.
I’m not saying the American Middle class is poor. I’m saying it’s not what it was in past generations. Things have changed for the worse.
Tough beans.....things change...no one is gauranteed generational improvement . IOW get over your unrealistic assumptions
Your absolutely right tough beans. So what if the next generation pays for the debt created by previous generation. I’m pointing out that the comment “US economy is resilient is inaccurate.” It applies to the ultra rich Americans. But half of Americans only have enough savings to last two pay cheques - that resilient economy doesn’t apply to them.
I live in USA, moved from USA, you can never make/save what you can in USA compared to India.
I have no idea what you are talking about.
@@gund89123plenty of Indians in my neighborhood here in the USA. They seem to be doing just fine.
I agree with you, that until very recently immigrants who came to the west prospered and became very wealthy. That’s not the case today because inflation has changed all that. You tell me- if a person comes from India today, and doesn’t bring thousands of dollars with him, and has to rent, and pay insurance, energy costs, food, clothes, and has an average job, how much can he save? I tell you the answer is nothing. Do you know what rents are like in USA? Do the math. That was not the case five years ago when rents where a fraction of what they are now.
You may be doing well. But half of America’s population is barely making ends meet.
Also, inflation is persistent. All asset prices in USA are heavily inflated when the bubble pops, all those house values are going to drop like they did in 2008. Now imagine a wealth person from immigrates here now. And he buys a house for $800,000 and gives a down payment of $200,000. What happens when house prices drop to realistic levels. He loses his $200,000
Now you will say house prices won’t drop. That’s what they said in 2008. If you want to discuss economics, I can explain to you exactly why they will be dropping after the us election.
The US economy is strong at the same time credit card balances is at an all time…
Biden: "The economy is doing well because you are best workers in the world" - LOL!!
Because US has doallar hedgemony and and print paper dollar
As resilient as the Bitcoin. 😊
It’s not resilient at all, have you all forgotten about the GFC only a few years ago
I can’t believe this guy said people still have quite a lot of money from the stimulus checks four years ago! 😂
Because 'Merica!
It's so great that we don't have people living in the streets 😂
Oh wait nevermind
How many people are living in the streets ?
Based on the latest survey 60% of homeless people are addicted to drugs, how is this government’s fault?
People choose to take drugs.
@@gund89123 do they? there is a documentary in Netflix saying something else
Thats why it's called a super power .they can print you can't..China, Russia..it's called trust..capital trust..
The US is the strongest economy in the world. It definitely has problems with wealth disparity, but that has been a long trend. Reagan and his trickle down policies that continue in the GOP can be blamed for that
So why didn’t Obama or Biden fix it..? Or Clinton? We’ve had many more years of Democrat presidents than republicans since Reagan… How come your boy Obama didn’t fix it?
What are you smoking 🚬? Since Biden people are paying for food with credit cards citizens that is . Who can afford a weeks worth of groceries ?
The U.S. is a net energy exporter. Most major economies need energy from somewhere. The U.S. is the 2nd largest manufacturing economy in the world. It has the most advanced technology sector in the world. Its currency is the world reserve currency. The banking sector in the USA went through a bubble in 2008 and came out of it healthier now. The U.S. defense sector is the strongest in the world. American farmers feed much of the world. American inventors are constantly creating new technologies. RUclips and the Internet are both American inventions. All of these things are a perpetual motion machine that help the economy move forward if the federal reserve takes appropriate actions with interest rates.
Thank you 🙏
Part of it is the cheap labor in the prison system
36 percent of us gdp is due to direct government spending, not investing. This can’t go on forever.
It’s not 36%
Why does AJ pick on China , I would love to see more Qatar news regarding human rights abuses . Thanks in advance UAE !