> I did answer your question with another question, but that was perhaps too subtle for you.
that's called "dodging the question"
>Try to see the bigger picture. Broadly, over the last 25 years, much of the US economy has shifted overseas, not only to China. US infrastructure is crumbling.
The problem is that the points you bring up don't have any numbers behind them, so it's impossible to know their actual impact. You have two points. I can bring up two counter-points: growth of tech companies, and the fracking boom. I guess we're even now and US is alright?
>Yes the US is a "service based" economy, meaning arguably fake bullshit jobs
elaborate on this. Just because someone isn't working in a widget factory or a coal mine, it means that his job is bullshit? If companies are willing to pay people to do something, there's a very good chance that they're adding value, even if they're not participating in production directly.
>It's a fake foundation for an economy where everyone is living on borrowed money, due for a major correction, a massive shock causing the house of cards to collapse.
Well if you check household debt to gdp ratio you'll see that it's significantly deflated since 2008, so I guess we're actually fine then?
>The inflation adjusted index price is one piece of evidence that the US economy may be due for a severe correction, possibly worse than 2008.
Dunno man, if your "inflation adjusted" GDP numbers are to be believed, then the correction has already happened (or is still underway). A 10%-20% is generally considered to be the range for a "correction".
that's called "dodging the question"
>Try to see the bigger picture. Broadly, over the last 25 years, much of the US economy has shifted overseas, not only to China. US infrastructure is crumbling.
The problem is that the points you bring up don't have any numbers behind them, so it's impossible to know their actual impact. You have two points. I can bring up two counter-points: growth of tech companies, and the fracking boom. I guess we're even now and US is alright?
>Yes the US is a "service based" economy, meaning arguably fake bullshit jobs
elaborate on this. Just because someone isn't working in a widget factory or a coal mine, it means that his job is bullshit? If companies are willing to pay people to do something, there's a very good chance that they're adding value, even if they're not participating in production directly.
>It's a fake foundation for an economy where everyone is living on borrowed money, due for a major correction, a massive shock causing the house of cards to collapse.
Well if you check household debt to gdp ratio you'll see that it's significantly deflated since 2008, so I guess we're actually fine then?
>The inflation adjusted index price is one piece of evidence that the US economy may be due for a severe correction, possibly worse than 2008.
Dunno man, if your "inflation adjusted" GDP numbers are to be believed, then the correction has already happened (or is still underway). A 10%-20% is generally considered to be the range for a "correction".