Biden defeats China… by $16 Trillion.. and its still growing

[C_Clayton_Jones]

And as usual the reprehensible right wants to see the American people suffer for some perceived partisan gain.

 

[citygator]

And the poverty rate in America has doubled since 2022.
Funny how I have seen exactly ZERO threads on that by Biden worshippers.

Don’t be stupid. Here is the trend… it’s back to pre-covid levels. I am all for a Universal Income to replicate stimulus if you want… I doubt that is what you want though.

 

[iamwhatiseem]

Don’t be stupid. Here is the trend… it’s back to pre-covid levels. I am all for a Universal Income to replicate stimulus if you want… I doubt that is what you want though.

View attachment 891326

And the graph shows that poverty has doubled since 2021, just like I said, and is trending in a sharp rise. Just like I said.

 

[Lastamender]

While the right wing loons quake in their boots about China the Biden administration has carved out the largest advantage we have had over China in decades. A whopping $16 Trillion increase in valuation advantage generated by the Biden economy. While the US market has added $10 Trillion in value the Chinese and Hong Kong markets have lost $6 Trillion since Biden was elected.

While China struggles with structural defects in their economy the US, under Biden’s leadership, has vaulted the economy forward and is demolishing the Chinese. Imagine what Bidenomics will do with four more years!


Using a yahoo link so those without a subscription to Bloomberg can read:

China’s $6.3 Trillion Stock Selloff Is Getting Uglier by the Day

(Bloomberg) -- Chinese stocks just capped another dismal week, with a gauge of mainland firms listed in Hong Kong languishing at the bottom of global equity index rankings for the year so far.Most Read from BloombergPutin Orders Hunt for Property of Russian Empire, Soviet UnionS&P 500 Hits...

finance.yahoo.com

(Bloomberg) -- Chinese stocks just capped another dismal week, with a gauge of mainland firms listed in Hong Kong languishing at the bottom of global equity index rankings for the year so far.

The Hang Seng China Enterprises Index has already lost 11% in 2024. Coming after a record four-year losing streak, the slump is reinforcing a structural shift that’s seeing everyone from active money managers to passive funds turn their back on the world’s second-largest stock market.

In all, some $6.3 trillion has been wiped out from the market value of Chinese and Hong Kong stocks since a peak reached in 2021, underscoring the challenge that Beijing faces as it seeks to arrest a decline in investor confidence. Authorities have ruled out the use of massive stimulus to revive the flagging economy, leaving traders wondering when things will improve.

US Market Value:

Total Market Value of the U.S. Stock Market

The total market capitalization of the U.S. stock market is currently $50,781,697.5 million (or $50.8 trillion), (Jan 1st, 2024). The market value is the total market cap of all U.S. based public c…

siblisresearch.com

Does he get 10% of that?

 

[iamwhatiseem]

And yes City gator, I noticed you completely ignored the massive significance of the record rise in the CPI. The largest increase in consumer prices in history.
The effects of that absolutely negates everything else.
You are just like Mac1958 who bragged about the improved GDP.... brain dead dumb. The CPI can have a major impact on the GDP. A first day economic student knows this.

 

[Ringo]

What Russia warned about a month ago has happened. After seeing how "gentlemen" from the U.S. and Europe robbed the Russians, world business ran away from the toxic West. According to Reuters, China's third-largest oil and gas state company CNOOC is selling off its assets in Britain, the U.S. and Canada for more than $3 billion. The reason is the fear of equally sudden sanctions.
But everything was going great for the Chinese company. Even despite the fact that in 2020 Washington blacklisted it for allegedly having ties with the Chinese army. Then the Chinese easily turned a blind eye, because Trump's decision had no impact on business.

But then came February-2022, followed by March. The West found nothing better than to pocket Russian money. And it also threatened Beijing with "consequences" if it wanted to support Moscow.
"I see" the chinese realized. - Well, go on without our investments". And they began to prepare an exodus from the West to more predictable markets. CNOOC has already decided to invest fully in projects in Brazil, Guyana and Uganda.
It should be understood that, for example, the Buzzard field in the North Sea, where the Chinese company owned 43.2%, promised it billions of dollars against the backdrop of rising prices and the West's rejection of Russian oil.

However, the Chinese understood perfectly well who would get all the profits in case of a new expropriation from their "partners".
And in order to leave nicely, CNOOC found a great way to remind the West what it is worth. "Your business here is marginal and difficult to manage.
Plus everything is expensive. And bureaucracy is all around," the Chinese said. - So save your own drilling rigs, and we'd rather work in Uganda.
Thus, Europe, deprived of oil, was left without Chinese investments, and China became one more step closer to Russia. After all, a common threat is a rallying point.

 

[peacefan]

While the right wing loons quake in their boots about China the Biden administration has carved out the largest advantage we have had over China in decades. A whopping $16 Trillion increase in valuation advantage generated by the Biden economy. While the US market has added $10 Trillion in value the Chinese and Hong Kong markets have lost $6 Trillion since Biden was elected.

While China struggles with structural defects in their economy the US, under Biden’s leadership, has vaulted the economy forward and is demolishing the Chinese. Imagine what Bidenomics will do with four more years!


Using a yahoo link so those without a subscription to Bloomberg can read:

China’s $6.3 Trillion Stock Selloff Is Getting Uglier by the Day

(Bloomberg) -- Chinese stocks just capped another dismal week, with a gauge of mainland firms listed in Hong Kong languishing at the bottom of global equity index rankings for the year so far.Most Read from BloombergPutin Orders Hunt for Property of Russian Empire, Soviet UnionS&P 500 Hits...

finance.yahoo.com

(Bloomberg) -- Chinese stocks just capped another dismal week, with a gauge of mainland firms listed in Hong Kong languishing at the bottom of global equity index rankings for the year so far.

The Hang Seng China Enterprises Index has already lost 11% in 2024. Coming after a record four-year losing streak, the slump is reinforcing a structural shift that’s seeing everyone from active money managers to passive funds turn their back on the world’s second-largest stock market.

In all, some $6.3 trillion has been wiped out from the market value of Chinese and Hong Kong stocks since a peak reached in 2021, underscoring the challenge that Beijing faces as it seeks to arrest a decline in investor confidence. Authorities have ruled out the use of massive stimulus to revive the flagging economy, leaving traders wondering when things will improve.

US Market Value:

Total Market Value of the U.S. Stock Market

The total market capitalization of the U.S. stock market is currently $50,781,697.5 million (or $50.8 trillion), (Jan 1st, 2024). The market value is the total market cap of all U.S. based public c…

siblisresearch.com

that's gotta piss off the Chinese for sure