Economics Thread

mqt said:
I simply don’t accept that we get to decide unilaterally that we have the right to fight this particular cancer abroad in direct violation of international law just because we can.
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I do t disagree. I also can’t think of the last president who didn’t do as bad or worse. Maybe it was Jimmy. It certainly hasn’t been anyone since.
 
sturg33 said:
I think if you polled informed people a year if inflation being at 3% in October 2025, they would say that was a very bad outcome
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I’m a big FIRE guy and inflation 3% basically wrecks a lot of preconceived notions of what you need to be financially free.

Money printer jacking stock prices through the roof helps though
 
chop2chip said:
I’m a big FIRE guy and inflation 3% basically wrecks a lot of preconceived notions of what you need to be financially free.

Money printer jacking stock prices through the roof helps though
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I'm in way more cash than I want to be.

I'm so conflicted. Feels like we're in a bubble... waiting for the 20% whoosh. But just not sure its ever gonna happen because the fed won't let it?

(these are convos my wife's group isn't having btw)
 
is this the soft landing Biden promised on transitory inflation????

I’d give it another 6 months before I’d expect any easing.

Gas and eggs down so you can more affordably go get eggs to make breakfast!
 
Tapate50 said:
is this the soft landing Biden promised on transitory inflation????

I’d give it another 6 months before I’d expect any easing.

Gas and eggs down so you can more affordably go get eggs to make breakfast!
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Americans are going to start realizing they have more discretionary spend than they’ve had in 5 years shortly.
 
sturg33 said:
I'm in way more cash than I want to be.

I'm so conflicted. Feels like we're in a bubble... waiting for the 20% whoosh. But just not sure its ever gonna happen because the fed won't let it?

(these are convos my wife's group isn't having btw)
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Never been a more important time to diversify. I’d love to have a drink with the guy who thinks he’d know how to time this market.
 
thethe said:
Americans are going to start realizing they have more discretionary spend than they’ve had in 5 years shortly.
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Well it has to be true before they can start realizing


Date​
Personal Saving Rate (%)​
Jan 2021
~13.0 %

Jul 2021
~11.0 %

Jan 2022
~7.0 %

Jul 2022
~4.6 %

Jan 2023
~4.2 %

Jul 2023
~5.0 %

Jan 2024		~6.10 %

Jul 2024		~5.30 %

Jan 2025		~5.10 %

May 2025		~5.20 %

Jun 2025		~5.00 %

Jul 2025		4.80 %

Aug 2025
4.60 %
 
chop2chip said:
Well it has to be true before they can start realizing


Date​
Personal Saving Rate (%)​
Jan 2021
~13.0 %

Jul 2021
~11.0 %

Jan 2022
~7.0 %

Jul 2022
~4.6 %

Jan 2023
~4.2 %

Jul 2023
~5.0 %

Jan 2024		~6.10 %

Jul 2024		~5.30 %

Jan 2025		~5.10 %

May 2025		~5.20 %

Jun 2025		~5.00 %

Jul 2025		4.80 %

Aug 2025
4.60 %
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Outlier spike that isn't going to repeat but point taken.
 
I got rid of the turkey in favor of peking duck years ago. But not as a cost-saving measure. More as a way to show my loyalties to the ccp. Also it tastes a hell of a lot better.

Btw NYCity has nine fantastic Chinatowns, each with distinct regional strengths. How great is that!
 
Good time to own stocks though. Companies have a double whammy of cost savings from cut jobs and forcing the Fed to cut rates which makes borrowing cheap (which they’ll then use to build AI data centers so more jobs can be cut)
 
Below is a clear, structured breakdown of the regional strengths and distinctive characteristics of each major Chinatown in New York City — economic, demographic, culinary, cultural, and functional strengths.


This is the best way to understand how each enclave serves a different role in the larger NYC Chinese ecosystem.



✅​


Regional Strengths


  • Cantonese cultural capital of NYC — the oldest and still the symbolic heart
  • Dense restaurant ecosystem for dim sum, Cantonese roast meats, congee, bakeries
  • Tourist gravity → retail, jewelry, groceries benefit from high foot traffic
  • Immigrant services hub (lawyers, social services, associations)
  • Affordable senior housing and a large older Cantonese-speaking population

Weakness: Space-constrained, expensive, declining as the primary residential hub.



✅​


Regional Strengths


  • NYC’s Fujianese/Fuzhou-speaking cultural and commercial center
  • Precise regional Fuzhou cuisine (mindong style) flourishing
  • Dense network of Fuzhou-led employment agencies, remittance shops, church communities
  • New arrival pipeline → many Mainland immigrants move here first
  • Cheaper rents than the core Chinatown


✅​


Regional Strengths


  • Largest Mandarin-speaking Chinatown in the U.S.
  • Most ethnically diverse Chinese cluster: Mainland north, Taiwan, Hong Kong, Korean Chinese
  • Best economic dynamism → banks, clinics, supermarkets, malls
  • Transit powerhouse (LIRR + #7 train + buses)
  • Best all-China regional cuisine concentration (Dongbei, Sichuan, Shaanxi, Cantonese, Taiwanese, etc.)

Flushing = NYC’s de facto capital of pan-Chinese culture and commerce.



✅​


Regional Strengths


  • Southeast Asian Chinese hub → Taiwanese, Hakka, Indonesian Chinese, Malaysian Chinese
  • One of NYC’s top food regions — extremely diverse and high quality
  • Strategically suburban with better parking, attracting family-oriented businesses
  • Strong multilingual environment (Mandarin, Hokkien/Hokklo, Thai, Tagalog, Vietnamese)
  • Known for markets, bakeries, and dessert spots

Elmhurst is the most pan-Asian of the Chinatowns, not just Chinese.



✅​


Regional Strengths


  • Largest Fujianese/Fuzhou/Taiwanese Mainland cluster outside Manhattan
  • 8th Avenue is the commercial spine of Brooklyn Chinese life
  • Proximity to industrial zones → employment base for new immigrants
  • Much more affordable for families and small businesses than Manhattan
  • Deep network of remittances, job agencies, shipping services

Sunset Park is the working-class heart of Chinese Brooklyn.



✅​


Regional Strengths


  • Fastest growing Chinese district in all NYC
  • Wenzhou and Fujianese dominance — cuisine specialized accordingly
  • More residential and family-based than Sunset Park
  • Excellent for regional Mainland Chinese food, especially:
    • Wenzhou cuisine
    • Fuzhou noodles
    • Northeastern skewers and new-wave hot pot
  • Dense strip malls and supermarkets

Bensonhurst is the new frontier for young Mainland immigrants.



✅​


Regional Strengths


  • Tight commercial corridor → easier for small business startup
  • Strong Shanghainese and Northern Chinese presence
  • Known for dumplings, noodles, bakeries, bubble tea
  • Less crowded than Flushing or Sunset Park
  • Attracts shoppers from Sheepshead Bay, Gravesend, Midwood

This is a small but specialized Chinatown serving south Brooklyn’s middle-class families.



✅​


Regional Strengths


  • Affluent and suburban — large homes, stable property market
  • Attracts upper-middle-class Chinese families (many from Taiwan or Mainland academic/tech sectors)
  • Businesses are higher-end:
    • quality cafes
    • tutoring centers
    • upscale groceries
    • dental/medical clinics
  • Provides space and quiet unavailable in Flushing

Whitestone is NYC’s Chinese upper-middle-class suburbia.



✅​


Regional Strengths


  • Another affluent Mandarin-speaking enclave
  • Best schooling reputation → major draw for professional-class Chinese families
  • Quiet residential neighborhood near Long Island
  • Strong after-school industry:
    • test prep
    • language schools
    • music academies
  • Businesses tend to be polished and family-friendly

Little Neck is NYC’s school-oriented Chinese-American suburb.
 
Bon appetit. The prices are great. NY's Chinatowns offer great value for food, jewelry and all sort of thangs. Great places for a respite from inflation and high prices.
 
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