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Agreed, and good thing too. Regardless of what you want to say about recession or not, the US is really well positioned for the next decade relative to other co
by spywaregorilla 4y ago
Agreed, and good thing too. Regardless of what you want to say about recession or not, the US is really well positioned for the next decade relative to other countries.
- mywittyname 4y agoThis is a sentiment that I'm happy to hear others share. If cards are played right, the USA could experience growth not seen since post-WWII. Inflation is high, but the USD is crushing every other currency. American businesses are fed up with shutdowns and shipping delays from Asia, and are willing to pay the price premium for domestic goods. And the federal government is doing (I think) a good job at pushing industries to capitalize on the global weakness.
- AstralStorm 4y agoCheck the structure of these jobs and then we can talk about how it actually will be a boom... Do you see industrial and manufacturing jobs as a major percentage here?
- pxue 4y agomarket forces and inflation will force corporations to look for domestic productions. short term pain for long term gain.
- DuskStar 4y agoIf the US dollar keeps getting stronger relative to other currencies, it will be better to manufacture things offshore and import them. That is what a strong currency does.
- AstralStorm 4y agoAnd it's precisely what is happening right now. Unless forced to manufacture here (like say defense and space industry), the low salaries elsewhere and already existing vertical and horizontal integration make for an insurmountable advantage forever.
- mywittyname 4y ago> Unless forced to manufacture here This is exactly what's happening. Companies realize that they don't have any influence or visibility into overseas production in places like China. That labor savings doesn't mean much when you're not allowed to actually make things, or when your goods get stuck in shipping for months on end.
- spaceman_2020 4y agoAmerica’s problems seem entirely self-inflicted. Its still blessed land - wildly fertile and rich with resources. Any real security threat is an ocean away. It doesn’t even need to venture out much now to secure energy. People talk about moving to New Zealand in an apocalypse, but honestly you’d do very well in the US if the rest of the world was going to hell.
- Balgair 4y agoIt's going to be a critical one too. Not that any really haven't been. International-Relations-wise the US is positioned to retain her monopolar status and then cement it for the century by 2030. The two greatest competitors to her rule were Russia and China. All other powers are strong allies of the US and have no reason to change that. As we've seen, McCain's quip turned out to be true, the bear is nothing but a mafia in a run-down gas-station. The only other real competitor is China, and without Taiwan's fabs, China can't compete this century. Whole new fields of industry must be created for the dragon to take a shot for a bipolar world. That the US managed to convince Taiwan to lessen it's grip on that security guarantee (with the Texas fabs okayed recently) shows how much Taiwan thinks the US can win any conflict with the mainland. They aren't scared in the least. Russia's ongoing disaster only strengthens that feeling, as any invasion, already an operation on never heard of scale, would involve the actual US military. That Russia somehow allows NATO to fight openly against her with the airgap of a Ukrainian finger on the trigger shows how outmatched the bear is. It's basically a weapons test for NATO at this point, much to Ukraine's detriment. China can only guess at how poorly the invasion would go and how bungled it would be. Combined with crushing blockades and sanctions, and she knows any move would kill her economy for decades. Their clock is not ticking, it ran out. The only question is if Beijing knows it. So yes, I think it is good to be in the US or allied with her.