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Is the US trying to run away? The economy is already collapsing! How much does it affect us?
Old Trump just said "the Iran war is over," and now they can't hold on for two weeks. Why? The US economy is really finished—
Last year's Q4 GDP growth plummeted from 4.3% to 0.5%, and employment data is also fake: immigrants are being driven out, jobs are being given to locals, and on paper "the population increased," but business costs are soaring. Even worse, prices hit a record high, Americans are maxing out their credit cards, overdrawing $1.2 trillion, with the worst delinquency rate in 14 years.
The US wants to turn things around with AI and space exploration? They need to spend money on electricity and computing power. But with prices soaring, Wall Street bigwigs, to protect their high-interest earnings, stubbornly refuse to cut rates. So, the US aims for a quick victory by controlling oil prices, but they hit a snag, causing a global oil supply cut of 12 million barrels per day, with California gas prices rising to $8 a gallon, costing an extra $2,000 a month. Cutting interest rates? Dream on.
What impact does this have on us?
Short-term: exports suffer. March exports to the US plummeted 26.5%, with overall growth dropping from 20% to 2.5%. US customers can’t afford things anymore.
Long-term: actually a positive! The US itself is neglecting AI and space, reducing pressure on domestic tech giants. Moreover, capital from Europe, the Middle East, and even the US itself will flow into China—we have low interest rates, stable electricity, and a huge market.
In one sentence: US recession drags us down in the short term, but in the long run, it lifts us to new heights. $ETH #Gate广场四月发帖挑战