China's economy is collapsing, unemployment hit record high

https://twitter.com/rhcm123/status/1686242622992502784?t=nB4P0VuCUSbuiG7R73CcSQ&s=19

https://twitter.com/WSJ/status/1685911949610037249?t=nB4P0VuCUSbuiG7R73CcSQ&s=19

American propaganda which is spread by LGBTQ community

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Who’s Laughing Now? :laughing: :laughing: :laughing:

The True State of the U.S. Economy

When it comes to our nation’s economy, it can easily seem like there’s nothing but good news. Headlines repeatedly highlight low unemployment and ongoing job growth, which contributes to a public narrative that the economy is strong. The Great Recession, it seems, must be behind us.

But if the recession is indeed a thing of the past, it’s only past for some. Digging deeper exposes that middle and low-income workers and their families in the United States have not reaped their share of the benefits of the apparent recovery, benefits that such a recovery should produce for all, and not only the few. Data shows that, in fact, it’s only wealthier households and larger corporations that have gained noticeably since the recession ended a decade ago. This is because long-developing trends of inequality have proven impervious to the decade’s economic growth.

It’s no surprise that boasts of a record-breaking economic recovery ring hollow to most Americans, for whom today’s wages are barely enough—and often not enough—to meet their basic needs, let alone the conditions of a modern middle-class life, like adequate health care and a quality education for their kids. And the wealthier of us shouldn’t sit smugly on the rewards they’re reaping from this lopsided prosperity: these economic failings don’t only matter to the lower classes. Rather, they are a symptom of declining investment and productivity growth, declines that threaten not only the strength of the current economy but its fortunes in decades to come. If these unbalanced conditions aren’t corrected, and soon, then everyone loses.

This report seeks to make those conditions clear: that not only is the economy weaker than the headlines, and the current administration’s rhetoric, would have us believe, but also the gains, however unequal, that it has acquired rest on fragile grounds indeed. The report will do so by delineating a set of straightforward facts about the current economy, based on and demonstrated through wide-reaching data, that will illustrate the weaknesses that lie just below the surface of the most frequently reported numbers.

Here are the key takeaways of the report’s analysis:

  • Wages and incomes continue to stagnate as working Americans struggle to maintain living standards, especially those with children.
  • A larger share of America’s workers earn low wages than do workers in other high-income nations.
  • Wage gaps between white workers and workers of color persist; in fact, some gaps have even widened.
  • Pay hikes in rural areas of the country have not kept up with urban locales.
  • Those at the bottom of the income ladder are falling further behind those at the top.
  • Workers’ share of national income has not improved from its post-recession low.
  • Underemployment- and low employment-to-population ratios indicate that the economy is not providing enough jobs for the people who are willing and able to work.
  • Public investment as a share of GDP is at its lowest levels since the end of the Second World War.
  • The current economic expansion has brought no substantial boosts to productivity, innovation, and capital investment, limiting its potential for future growth.

Taken together, these data reveal an economy that, years after the end of the Great Recession, is underperforming on many significant metrics. This broad-based underperformance calls for a more proactive and progressive economic policy to end wage stagnation, stimulate investment, and avoid future economic crises. The current federal economic policies, which consist of poorly targeted tax cuts and deregulation, have done nothing of note to build broadly shared prosperity.

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How come these reports coincide with Fitch downgrading USA’s credit rating to AA+ down from the highest attainable AAA rating?

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Jibambe with your fake nyoos lamestream media. Meza wembe.

  1. Fitch downgrades US long-term credit rating to AA+ from AAA - CNN

https://www.cnn.com › 2023 › 08 › 01 › business › fitch-downgrade-us-debt › index.html

2 days agoCNN — Fitch Ratings downgraded the US debt rating on Tuesday from its highest AAA rating to AA+. This is a breaking story and will be updated. Rate Loan Amount APR Payment calculate payment

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The Biden administration is projecting :joy::joy:

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Long live the ming empire. Long live dim eye Chinese. These 2inch dicks giving Americans a run for their money. Just hope the supremacy battles doesn’t affect gas prices uku kwetu like Ukraine Russia

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You saw their 2inch ama were did you get this information?

Don’t be a stupid faggot. You think I went to china to measure all the 1 billion dicks in china!?
PS* I don’t intend to engage further

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How did you know they have 2inchs ? Uliwachungulia wapi? Answer the question bitch stop whining like a slut .answer the damn question the way it’s asked .


Who is the fagget here ? Tuambie hizo dicks uliziona wapi mkifanya nini , shenzi

China Iko ngangari. The next superpower

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you know what stirs the economy during a global recession? world war, thin the herd stir manufacturing and the arms industry makes trillions selling to everyone…

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Asian countries have a public sauna where wasee wanakaa ndethe. Guys move around naked in the locker room bathrooms so you can see the dicks which some are too small you might mistake for a clit.

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A straight man should not be investigating lengths of dicks at sauna , you burn your fats shutting up and go your way .

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Tafuta passport na pesa and travel. You will observe and learn much from first-hand experience. People in sauna and locker rooms are not blind folded.

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Still I won’t waste my time studying the lengths of men dicks .I will do my business and move out chief . Don’t estimate men’s dick lengths next time you go burning fats at Asian saunas

Hata US na Europe. There are naked saunas. Sijawai ona something similar in Kenya. Maybe Satafrika

China’s gross domestic product grew at a slower-than-expected pace of 5.5% in the first half of the year, compared with a year earlier, leading to worries about ripple effects for the global economy.

China slid into deflation in July, and is battling slowing exports, high youth unemployment and a slumping property market highlighted by a debt crisis for Country Garden Holdings Co. Once the country’s largest private-sector developer by sales, the company is in danger of defaulting amid an industry cash crunch.

Xi’s government has sought to silence negative economic news, with officials warning mainland economists to avoid the word “deflation” when referring to price pressures. Discussions of sensitive topics such as private sector reform have been scrubbed from social media platforms, and authorities this week told internet firms to deal quickly with defamatory comments targeting companies online.

At the same time, Biden’s remarks contained factual inaccuracies and overstated some of China’s problems. While China’s population shrunk for the first time in six decades last year, the Asian giant still had 876 million people of working age versus 280 million people 60 years or older, according to official statistics.

Read More About China’s Economy:

China’s economy is on track to grow by 5.2% this year, according to a Bloomberg survey of economists in July, even after weak consumption and a property market slump. By comparison, the US economy is forecast to grow 1.6% this year, according to economists.

Although China’s annual economic growth has slowed significantly from the breakneck pace of above 10% seen in the 2000s, authorities have said they want “high quality” development in a pivot away from an infrastructure and property-reliant growth model that fueled high debt levels. That’s weighed on short-term growth, but may mean more sustainable development.

China’s official urban jobless rate has hovered around 5.2% in recent months, compared with the 6.4% jobless rate recorded in the Euro zone in June. Youth unemployment in China, though, is at a record high of more than 20%.

— With Yujing Liu, Jenni Marsh, and Colum Murphy

(Updates with additional comment in 11th paragraph.)

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Biden Fears China Economy Is ‘Ticking Time Bomb’ Posing Danger to World - Bloomberg