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Beiträge, die mit USeconomy getaggt sind

The US can *never* run out of USD.

All Americans could have universal healthcare, housing, education, transport, etc. And such strategic fed spending can actually lower inflation, not increase it*

Important debate on whether reducing the national debt a fiscal priority (hint, it's not):

Stephanie Kelton at Arizona State, April 16 (livestream at 8 pm ET)

https://stephaniekelton.substack.com/p/my-upcoming-debate-with-stephen-moore

* https://www.youtube.com/watch?v=lN12lOC5qGk

#USEconomy #mmt #uspol #filmfindingthemoney #thedeficitmyth #stephaniekelton .

My Upcoming Debate with Stephen Moore

Should the federal government make reducing the national debt a fiscal priority?
Stephanie Kelton (The Lens)
#uspol #mmt #useconomy #StephanieKelton #filmfindingthemoney #TheDeficitMyth

"Overnight S&P 500 companies lost a combined $2.4 trillion in stock market value, their biggest one-day loss since the coronavirus pandemic hit global markets on March 16, 2020, while other Wall Street indexes similarly clocked sharp falls.

"The bruising selloff across markets came after Trump on Wednesday announced Washington's steepest trade barriers in more than 100 years, sending investors scrambling for safety assets."
https://www.reuters.com/markets/global-markets-wrapup-1-2025-04-04/

#useconomy
#useconomy

The second Trump administration has been very unfriendly to business. Their biggest complaint is uncertainty: businesses need to plan years in advance, and right now it’s chaos. They can’t even predict conditions next month, let alone next year. Small businesses are usually hit harder in these conditions.

#useconomy
Headline indicating that Dow futures have dropped by 1,000 points due to concerns that Trump's tariffs may lead to a trade war.
#useconomy

The US can *never* run out of USD.

All Americans could have universal healthcare, housing, education, transport, etc. And such strategic fed spending can actually lower inflation, not increase it*

Important debate on whether reducing the national debt a fiscal priority (hint, it's not):

Stephanie Kelton at Arizona State, April 16 (livestream at 8 pm ET)

https://stephaniekelton.substack.com/p/my-upcoming-debate-with-stephen-moore

* https://www.youtube.com/watch?v=lN12lOC5qGk

#USEconomy #mmt #uspol #filmfindingthemoney #thedeficitmyth .

My Upcoming Debate with Stephen Moore

Should the federal government make reducing the national debt a fiscal priority?
Stephanie Kelton (The Lens)
#uspol #mmt #useconomy #filmfindingthemoney #TheDeficitMyth

It seems the #richpigs creditors 'solution is to rape the pension fund just like the same sort of scum did to International Harvester's workers when it went belly up, then re-emerged as Navistar debt-free. Also note that a well-known trucking company as large as this could only go belly up if the #USEconomy is going doooowwwwn.

"Yellow (Truck Lines) Creditors Have Own Plan to Share Trucker’s $550 Million"

https://www.bloomberg.com/news/articles/2025-03-17/yellow-creditors-have-own-plan-to-share-trucker-s-550-million #Labor #Bankruptcy
#labor #bankruptcy #useconomy #richpigs

The US middleclass, pretty much the only people who buy new cars today, is waaay overextended, and credit card rejection is common at market and other checkout lines. Wait until everyone's driving unreliable (few people in this society can actually diagnose/repair any car built after computerization in the 90s) old clunkers. Office workers will miss work due to breakdowns, even as the bosses redact work from home rights

"Americans struggling to pay #carloans"

https://www.cbsnews.com/video/americans-struggling-to-pay-back-car-loans/ #USEconomy

Americans struggling to pay back car loans

More Americans are having trouble paying down their car loans, especially those with sub prime loans. Andres Gutierrez takes a look at what's causing the trend.
CBS News
#useconomy #carloans

#Republicans (29%) and #Democrats (89%) live in very different economic realities.

"Many Americans see #Trump's actions on economy as too erratic, Reuters/Ipsos poll finds" https://www.reuters.com/world/us/many-americans-see-trumps-actions-economy-too-erratic-reutersipsos-poll-finds-2025-03-12/ #USeconomy
#trump #democrats #republicans #useconomy

A sign of #economic turbulence—

‘Car owners are missing their monthly payments at the highest rate in more than 30 years.’
(cont.)

/2 of 2

#USA #USEconomy #economics

https://www.bloomberg.com/news/articles/2025-03-06/late-car-loan-payments-auto-delinquencies-spike-to-highest-level-in-decades
The latest spike in delinquencies among subprime borrowers comes at a pivotal time for the US economy, as President Donald Trump's trade wars ignite volatility in the stock market and concerns grow about sluggish economic growth. https://www.bloomberg.com/news/articles/2025-03-06/late-car-loan-payments-auto-delinquencies-spike-to-highest-level-in-decades Accessed: 6 March 2025 at 1745 MST
«The lower income level has been really affected, and we expect that to continue to be the case this year," said Mike Girard, senior director for asset-backed securities in North America for Fitch. "There's still the continued impact from higher inflation and interest rates." Delinquencies typically increase in January and February after the holiday spending period, Girard said. This is usually followed by improvements in March and April as some borrowers use tax refunds to catchup on bills. https://www.bloomberg.com/news/articles/2025-03-06/late-car-loan-payments-auto-delinquencies-spike-to-highest-level-in-decades Accessed: 6 March 2025 at 1745 MST
Fitch defines subprime auto borrowers as those with credit scores of 640 and below. Those with higher scores are faring better - 0.39% of prime borrowers were at least 60 days past due in January, up from 0.35% a year prior. Other economic measures are also showing declining financial health for Americans. Consumer debt recently surged by the most on record, while consumer confidence dropped the most since 2021. - With assistance from Alexandre Tanzi https://www.bloomberg.com/news/articles/2025-03-06/late-car-loan-payments-auto-delinquencies-spike-to-highest-level-in-decades Accessed: 6 March 2025 at 1745 MST
#usa #economics #economic #useconomy

A sign of #economic turbulence—

‘Car owners are missing their monthly payments at the highest rate in more than 30 years.’

Catalysts:

🔘 A slowing economy

🔘 The ongoing effects of inflation

🔘 Rising car prices

In addition, consumer debt is surging while consumer confidence is declining.

/1 of 2

#USA #USEconomy #economics

https://www.bloomberg.com/news/articles/2025-03-06/late-car-loan-payments-auto-delinquencies-spike-to-highest-level-in-decades
Americans Fall Behind on Car Payments at Highest Rate in Decades Delinquencies on auto loans among subprime borrowers are spiking as consumers continue grappling with higher interest rates. in 7 K Vehicles at a dealership in Vallejo, California. Photographer: David Paul Morris/Bloomberg By Claire Ballentine March 6, 2025 at 10:00 AM EST https://www.bloomberg.com/news/articles/2025-03-06/late-car-loan-payments-auto-delinquencies-spike-to-highest-level-in-decades Accessed: 6 March 2025 at 1745 MST
Car owners are missing their monthly payments at the highest rate in more than 30 years. In January, the share of subprime auto borrowers at least 60 days past due on their loans rose to 6.56%, the most since the data collection began in 1994, according to Fitch Ratings. A slowing economy and the ongoing impacts of inflation have made it harder for many consumers to stay current on their bills. Auto loans have been a particular pain point, with higher car prices and elevated borrowing costs driving a surge in repossessions. https://www.bloomberg.com/news/articles/2025-03-06/late-car-loan-payments-auto-delinquencies-spike-to-highest-level-in-decades Accessed: 6 March 2025 at 1745 MST
The Federal Reserve Bank of New York recently reported that the share of auto loans among all borrowers that transitioned into serious delinquency - defined as 90 days or more past due - rose to 3% in the fourth quarter, the highest level since 2010. https://www.bloomberg.com/news/articles/2025-03-06/late-car-loan-payments-auto-delinquencies-spike-to-highest-level-in-decades Accessed: 6 March 2025 at 1745 MST
#usa #economics #economic #useconomy

This after social security recipients received the smallest cost of living increase in years. This is also NOT #TRUMP'S DOING. This is the collapse of the #USEconomy he's been tasked with overseeing for the next four years, until another #fascists scumbag gets sElected.

"Most Americans say income is not keeping up with #inflation, CBS News poll finds"
https://www.cbsnews.com/video/most-americans-say-income-not-keeping-up-inflation-poll/
#trump #inflation #fascists #useconomy

A #college sheepskin is a LOTTERY TICKET that POTENTIALLY allows one to have the connections and network that MAY get one a place in the upper middle class of the #USeconomy. The odds of that happening have DECREASED DRAMATICALLY over the last decade...

"23% of job-seeking Harvard MBAs who graduated last spring were still looking for work three months after leaving campus."

"MBA grads are struggling to find work"
https://unusualwhales.com/news/mba-grads-are-struggling-to-find-work #education #studentloans

https://unusualwhales.com/news/mba-grads-are-struggling-to-find-work

MBA grads are struggling to find work,

Even Ivy League MBA Graduates Struggle to Find Jobs India has long faced challenges in skill development, but the issue is now global.
Unusual Whales
#education #useconomy #college #studentloans

#Trump IMMEDIATELY ass-fucks his base of electoral support, ie. The struggling lower middle class. How? Almost every speck of lumber used in US home construction today comes from #Canada.

"How Trump's #tariffs could impact home construction prices"

https://www.cbsnews.com/video/how-trumps-tariffs-could-impact-home-construction-prices/ #USEconomy
#trump #canada #tariffs #useconomy

Inhaltswarnung: US pol, resilience, comforting myself and maybe others too, covid

#hiking #COVID19 #community #pandemic #COVID #hope #resilience #uspolitics #crafting #birdflu #COVIDcautious #antifascist #useconomy #antifascism #anotherworldispossible #resilient

Inhaltswarnung: US pol, resilience, comforting myself and maybe others too

#trump #COVID19 #uspol #pandemic #hope #tariffs #uspolitics #sew #useconomy #kink #anotherworldispossible #resilient

Since I'm not seeing any new posts from @rbreich on here - his post from Monday (1/27) afternoon says a lot about our tech world and it's inability to compete globally.

#USEconomy
#TechNews
#UnableToCompete

https://open.substack.com/pub/robertreich/p/american-capitalism-just-got-a-black

American capitalism just got a black eye

The story behind today’s stock market tank
Robert Reich
#technews #useconomy #unabletocompete @Robert Reich

If you're one (like me) who will miss #PaulKrugman's columns in the #NYTimes …
https://www.cjr.org/analysis/paul-krugman-leaving-new-york-times-heavy-hand-editing-less-frequent-columns-newsletter.php

… and who regrets that he doesn't have an active #Mastodon account …

… you can follow an #RSS feed of his Substack newsletter here on Mastodon = @paulkrugman.substack.com.

#Economics #USEconomy #USPol #USPolitics

Paul Krugman on Leaving the New York Times

The paper wanted to take away his newsletter or make him write less frequently, he says. 
Columbia Journalism Review
#mastodon #uspol #nytimes #economics #RSS #uspolitics #useconomy #paulkrugman @🦜 Krugman wonks out

Keep 'looking' kid. Your empire is collapsing around you and so is your 'dollar'. Invest in 'bling', NOT Crypto, and learn to barter/ trade. They're important skills for survival in your limited #economics 'future'🤣

"'Fake it until you make it’: Millennials are obsessed with looking rich, Wells Fargo study shows per FORTUNE

40% of #Millenials said it’s important to have visible signs of wealth, whether it be purchasing a fancy car, clothing, or place to live" https://unusualwhales.com/news/40-of-millenials-said-its-important-to-have-visible-signs-of-wealth-whether-it-be-purchasing-a-fancy-car-clothing-or-place-to-live-2 #USEconomy

40% of Millenials said it’s important to have visible signs of wealth, whether it be purchasing a fancy car, clothing, or place to live

Millennials are grappling with unique financial challenges, including skyrocketing housing costs, looming student loan payments, and mounting credit card debt.
Unusual Whales
#economics #useconomy #millenials

"Sanctioning" the few allies America has... Canada supplies a YUGE(😎) percent of the lumber used in US home construction. Expect new housing costs to skyrocket. Afa Mexico, you may never be able to afford an Avocado again... for a start.

"JUST IN: Donald #Trump has just said: as one of my many first executive orders, I will sign all necessary documents to charge #Mexico and #Canada a 25% tariff on all products coming into the US"
Via @unusual_whales #USEconomy #Tariffs
#trump #canada #Mexico #tariffs #useconomy @unusual_whales

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