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LurkerJ on 02 December 2022
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sundin13 said:
SegaHeart said:

K, Although I would like to know why USA claims next year it's probably gonna be a recession?

Economy is too hot (meaning people are spending faster than production) -> Inflation! (Money is worth less because demand outpaces supply) -> People start spending less on non-necessary items -> Economy Cools:

if demand is still greater than supply -> People are unable to cut spending any more on non-necessary items and start having to cut necessary items which wreaks havoc on housing and banking AND Large enough portions of businesses are feeling the tightened spending habits forcing them to layoff workers that further burdens are placed on basically everybody -> The country enters a recession while we deal with the consequences of everything falling apart

if demand is able to meet supply -> No recession occurs, and we continue the current growth cycle

That is my very simple and rough understanding of it. Economics has historically not been my strong suit though, so if I missed anything major (or if this is just dead wrong) let me know. 

Clearly 

sundin13 said:
LurkerJ said:

At no point I have equated having established factories in the west is a cure for supply chains issues. 50% of your posts start off that way anyway; firstly, put words in my mouth, secondly, build an entire argument against something I never said, thirdly, ignore what I actually said ties into the bigger picture. 

I am not following you down to your all too familiar rabbit holes. 

Yeah, you stated that "manufacturing should definitely be brought back" and didn't make much of an argument beyond that (other than calling those who disagreed with you idiots). I presented a case for why bringing manufacturing back can be damaging, especially given the current economic climate of the USA. I don't assert that my post was an itemized rebuttal of your argument, because, again, there wasn't much of an argument to rebut. Instead, I wished to provide perspective on some of the more broad ideas you mentioned such as supply chains and inflation which stood counter to your overall assertion (bringing back manufacturing is good). 

I don't know what you argument you want me to make. If you fail to see the point of brining manufacturing back then you're being intentionally dumb and I am not going to spoon feed you the alphabets. Ask Biden, his excellent recent policies and his rhetoric regarding China supports my views on the matter. Not yours. 

The case you "presented" is lacking in logic and common sense, and I refuse you believe you actually believe in your "presentation", you're not dumb. Manufacturing will not be brought back by the snap of a finger, markets will adapt, gradually, like they always do.

You argue that:

  • "a more concentrated manufacturing ecosystem could make it much more difficult to respond to these fluctuations in this demand. Highly concentrated manufacturing can also make the manufacturing ecosystem overly tied to the economic pressures of a single economy. Highly concentrated manufacturing can also make the manufacturing ecosystem overly tied to the economic pressures of a single economy"

You know you're making the case to bring manufacturing back with your line of thinking, yeah? what we have is a highly concentrated manufacturing setup.... in China, bringing manufacturing back will counter this self-inflicted issue.