US - Economic Slowdown 07 (Aug 22 - Dec 25)

[behappyalways]

Big layoffs are coming again!
The U.S. technology industry is downsizing again at the beginning of the year.
All because: AI is too powerful

大裁員又來了! 美國科技業開年再瘦身 全因:AI太夯｜方念華｜FOCUS全球新聞 20240119@tvbsfocus

https://m.youtube.com/watch?v=FhcyeH2Bw10

[winston]

by behappyalways:-

Massive layoffs in Silicon Valley within a month, AI wave, technology industry loses jobs first

一個月內矽谷大裁員 AI浪潮 科技業先失業 TVBS文茜的世界財經周報 20240121

https://m.youtube.com/watch?v=oxTkvcfcXMA

[winston]

Credit card, auto loan delinquency rates rise in the US, says report

Overall US delinquency rates remain below pre-Covid levels, those for credit cards and auto loans are now higher.

About 8.5% of credit card balances and 7.7% of auto loans moved into delinquency in the fourth quarter.

Credit card balances increased in the fourth quarter to US$1.13 trillion, while there’s now US$1.61 trillion of auto loans outstanding, both the highest since 2003.

Aggregate US household debt balances increased by US$212bil in the fourth quarter of 2023 to US$17.5 trillion.

Source: Bloomberg

https://www.thestar.com.my/business/bus ... ays-report

[behappyalways]

Youth crime rate surges in Washington! Car thieves’ “average age is only 15 years old”

華府青少年犯罪率激增! 偷車賊「平均年齡僅15歲」｜方念華｜FOCUS全球新聞 20240220@tvbsfocus

https://m.youtube.com/watch?v=UJAyQwVt6a4

[behappyalways]

The Chinese are the competent kind of communists. They spend $7.3B and actually get a train.

The Democrats are the incompetent kind of communists. They spend $100B and it all goes down the drain.
https://twitter.com/balajis/status/1768998109403873607

[behappyalways]

"Our Country Is Being Poisoned": 270,000 Overdose Deaths Catapult Fentanyl As Major Voter Topic In Presidential Race
https://www.zerohedge.com/political/our ... oter-topic

[winston]

Philadelphia Fed Admits US Payrolls Overstated By At Least 800,000

BY TYLER DURDEN

Source: Zero Hedge

https://www.zerohedge.com/markets/phila ... paign=2457

[behappyalways]

This is the reality of a completely deindustrialized economy.

Study Triffin’s dilemma and Dutch disease. The main export of the U.S. economy is $USD.
https://twitter.com/DylanLeClair_/statu ... 3300268346

[behappyalways]

Every aspect of American life—the very things that made this country the richest and most powerful in history—is in rapid decline, and none of the political leaders in power today in either party seem to care. We are in obvious religious, moral, cultural, economic, educational, and military decline. Everyone sees it and everyone knows it, and yet no one seems to care enough to stop it.
https://twitter.com/seanmdav/status/1775337256162636264


Navy Reveals Major Shipbuilding Delays As Global War Risk Elevated
https://www.zerohedge.com/military/navy ... k-elevated

This is the reality of a completely deindustrialized economy.

Study Triffin’s dilemma and Dutch disease. The main export of the U.S. economy is $USD.
https://twitter.com/DylanLeClair_/statu ... 3300268346

[behappyalways]

Starting half a century late, the construction of high-speed rail in the United States has been progressing at a snail's pace

起步晚半世紀 美國高鐵建設至今龜速前進 TVBS文茜的世界周報 20240331

https://m.youtube.com/watch?v=1MMCGKekSGw