sturg33
I
Majority of businesses are not drop shippers. But you've made your point clear... screw Americans if I can say I was mean to china!
Economics Thread
- Thread starter sturg33
- Start date
zitothebrave
Connoisseur of Minors
It's not just drop shippers. We know that Foxconn factories in China are the best at making products at volume. Drop Shippers are a drop in the bucket. The company I buy my D&D terrain works out fo china because they need a factory that has the capability to have a large injection mold process. and a good sized force to paint terrain over and over again. US doesn't have that capability at scale. Much less at a decent price.
zitothebrave
Connoisseur of Minors
So fuck american businesses than AMIRITE?
zitothebrave
Connoisseur of Minors
The fact that Trump "needs" interest rates to fall means the economy is about to collapse isn't it?
We have been in a recession for over a year
zitothebrave
Connoisseur of Minors
Difference between recession and depression .
nsacpi
Expects Yuge Games
Manufacturing activity contracted sharply in the Philadelphia area in April as new orders collapsed and costs for firms continued to rise after President Trump's flurry of tariffs at the start of the month.
The Federal Reserve Bank of Philadelphia said Thursday that its index for business activity sank to minus 26.4 in April from a positive reading 12.5 in March.
The reading below zero points to contraction in the region's factory activity, an unexpected outcome since economists had anticipated the index to remain in expansionary territory, at 3.5, according to a survey by The Wall Street Journal. Survey responses were collected from April 7 to April 14.
Price indexes continue to suggest overall price increases, with the gauge of prices paid reaching its highest since mid-2022. Almost 31% of the firms reported increases in the prices of their own goods, while none reported decreases, the Philadelphia Fed said.
The survey's indicators for new orders and shipments also turned negative this month, it said. The index for new orders sank to its lowest reading since April 2020. Nearly 39% of the firms reported decreases in general activity this month, while just 13% reported increases.
The Federal Reserve Bank of Philadelphia said Thursday that its index for business activity sank to minus 26.4 in April from a positive reading 12.5 in March.
The reading below zero points to contraction in the region's factory activity, an unexpected outcome since economists had anticipated the index to remain in expansionary territory, at 3.5, according to a survey by The Wall Street Journal. Survey responses were collected from April 7 to April 14.
Price indexes continue to suggest overall price increases, with the gauge of prices paid reaching its highest since mid-2022. Almost 31% of the firms reported increases in the prices of their own goods, while none reported decreases, the Philadelphia Fed said.
The survey's indicators for new orders and shipments also turned negative this month, it said. The index for new orders sank to its lowest reading since April 2020. Nearly 39% of the firms reported decreases in general activity this month, while just 13% reported increases.
This is also a problem with many liberal/progressive policies, but I don’t think many people are fully prepared for how many luxuries will have to be lost if you continuously pull the “mess with the free market” lever. For all its inequities, our current system allows for a lot of consumerism that people have taken for granted.
For me personally, I’d want more food/healthcare/housing for the needy in exchange for my cost of living increasing rather than some extra low-wage factory jobs and better export terms, but this is still just MAGA socialism and the inevitable outcome will be reduced buying power.
WHats more costly? This or in 10 years with the CCP goes Kinetic and all we have are 'services'?
nsacpi
Expects Yuge Games
We've done very well with a mostly services economy. In fact it is a hallmark of a country having an advanced economy. There is a very strong correlation between income levels and the proportion of an economy that is services. Not that this implies causality. You have a services job. Almost everyone here as far as I can tell has a services job. I don't sense any great unhappiness among the posters here that they can't trade their services job for one on a factory floor.
Yes - Those services will be great when we need drones/robotics/medicines/steel/etc.... in a war with the CCP.
Yes - I've been very clear on this. The idea is to create jobs for ALL Americans not just ones that have some semblance of STEM skills.
nsacpi
Expects Yuge Games
eh...if we "lose" to the ccp it won't be for lack of hardware...it will be because we were dumb enough to undermine the thangs that make us the most advanced and technologically powerful society and economy the world has ever seen
Yeah - It won't be the lack of ability to make things that help win wars and keep your population safe.
And once the CCP steals enough tech to get dominance in AI/Robotics....game over
