Elon Musk has said that he thinks there could be a million people on Mars in 20 years.

#news #finance #economics #stocks #options

Insurance companies in South Korea see rise in household loans, delinquency rates, and non-performing loan ratios, prompting regulatory monitoring and calls for enhanced risk management.
#YonhapInfomax #InsuranceCompanies #HouseholdLoans #DelinquencyRates #NonPerformingLoans #FinancialSupervisoryService #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=56201

Trump Commerce Secretary Howard Lutnick: "Let's say Social Security didn't send out their checks this month, my mother-in-law— who's 94— she wouldn't call and complain. She just wouldn't. She'd just think something got messed up."

#news #finance #economics #stocks #options

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#news #finance #economics #stocks #options

/5

#MyThoughts (cont.)

Changing a country from a net importer to a net exporter of manufactured goods would require that the quality and prices of the goods be competitive on the world market.

1) Quality — there are many other countries manufacturing fantastic goods

2) Price — would the US compete (must consider cost factors like labor and COGS, which would rise w/ #tariffs )

… unless the country plans on boxing itself in and trading with itself

#USA #trade #economics

/4

#MyThoughts (cont.)

US-based auto makers & suppliers will be hit very hard by extreme #tariffs . Some might even fail unless subsidized by the US gov’t. After all, Rome wasn’t built in a day, and it takes time to shift supply chains and manufacturing methods.

Interestingly, though, #Tesla stands to benefit over its competitors.

~ Tesla stands strong amid Trump's auto tariffs, emphasizes US supply chain strength ~

#USA #trump #AutoIndustry #economics

https://www.usatoday.com/story/money/business/2025/03/27/tesla-stands-strong-trumps-auto-tariffs/82688667007/

/3

#MyThoughts (cont.)

The US has been a net importer for much time (consumer spending makes up ~68% of GDP) and its citizens, the consumers, are used to having much purchasing choice.

Pushing the country to fundamental economic change through #tariffs will inevitably isolate the #USA while hurting its economy.

Prices will rise per free market principles of supply & demand unless they are set by the State (meaning #Trump — is that where he’s going when threatening companies?).

#economics

Trump's tariffs push will hit the U.S. harder than Europe in the short term, Santander chair has said

#news #finance #economics #stocks #options

World Liberty Financial, a crypto project backed by President Trump and his family, says it will launch a new stablecoin backed by U.S. government debt

#news #finance #economics #stocks #options

Jagjit Chadha (CambridgeU) points out: Quantitive Easing, 'seems likely to lose us roughly £100bn – & dwarfs the current concern in meeting the arbitrary fiscal rules. This is because the Bank is now selling the bonds it bought at a lower price than their purchase'!

A crisis caused by bankers, for which QE was used save them while also stuffing inflation into asset markets (including housing) is now being unwound at massive cost (to us!).

I'll just leave that there!

#economics

h/t Guardian

Constitutional Court dismisses impeachment of Prime Minister Han Duck-soo, citing insufficient grounds for removal despite constitutional violations in justice appointments
#YonhapInfomax #ConstitutionalCourt #Impeachment #PrimeMinisterHan #JusticeAppointments #MartialLaw #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=55334

#theguardian #JulianneSchultz #USA #Australia #economics

As trust in the US collapses, leaders in Australia and around the world are frantically recalibrating https://www.theguardian.com/commentisfree/2025/mar/23/as-trust-in-the-us-collapses-leaders-in-australia-and-around-the-world-are-frantically-recalibrating?CMP=Share_iOSApp_Other

This is dark. It’s not an easy read. I do not recommend it for those who suffer from crippling climate anxiety, or who are prone to being depressed by learning about the abject state of today’s politics and economics.

That said, if you’re ready for a clear-eyed look at how bad things really are now — and how bad the people who run things truly are — then I suggest reading the full linked essay.

Here are a few excerpts...
___________________________

The rich keep getting richer. That much is clear. But what’s often left unsaid is how they’re doing it — not just through the usual exploitation, but by actively steering the world toward catastrophe while shielding themselves from the fallout.

Let’s cut through the noise: the ultra-wealthy are not just accumulating wealth; they are hoarding it, stockpiling fortunes at a rate so obscene it makes the concept of money itself feel ridiculous. While the rest of us get lectured on cutting back — drive less, eat less meat, recycle, make do with less — they are securing their bunkers, buying up remote islands, and building escape plans for the very collapse they are accelerating.

And make no mistake, collapse is not just some distant dystopian fantasy. We are already deep into a polycrisis — climate change, biodiversity loss, resource overshoot, economic instability, and authoritarian creep all feeding into one another like an unstoppable chain reaction. Meanwhile, banks and corporations, who could be funding solutions, are instead dragging their feet or outright obstructing progress, ensuring the system remains tilted in favor of those who already have everything.

If the world’s biggest banks truly cared about avoiding collapse, they’d be moving mountains right now to fund large-scale climate infrastructure. But they’re not.

And that’s not a mistake — it’s a choice.

They have run the numbers. They know full well that unchecked climate change will devastate the poorest and most vulnerable long before it affects the ultra-wealthy. So, from their perspective, dragging their feet isn’t just about short-term profits — it’s about preserving a system that ensures their continued dominance, even as the world burns.

Meanwhile, the rest of us are left watching as climate disasters pile up — floods swallowing cities, heatwaves killing thousands, wildfires turning landscapes to ash — while the financial elite sit back and continue cashing in.

At this point, it’s not just negligence. It’s premeditated collapse.
. . .

If you’ve made it this far, you already know the truth: this isn’t capitalism failing. It’s capitalism succeeding exactly as intended.

The rich are not scrambling to prevent collapse. They welcome it — because they know they’ll be the only ones left standing. While the rest of us are told to “sacrifice” and “tighten our belts,” billionaires are building bunkers, buying private islands, and hoarding resources for the dystopia they see coming.

And why shouldn’t they? They built this system to ensure that, when it all falls apart, they’d be untouchable.

Because their goal is not to fix the system. Their goal is to extract as much as possible, as fast as possible, before everything comes crashing down.
___________________________

FULL ESSAY -- https://archive.ph/Z9XYn
ALTERNATE LINK -- https://medium.com/edge-of-collapse/the-rich-are-hoarding-wealth-because-they-know-whats-coming-c84afcb2e6c1

#Politics #Economics #Science #Environment #Climate #ClimateChange #Capitalism

Here we are. It's DegrowThursday again. 💚

Every week on this day I turn my focus toward the most important topic of all. Because if we are to have any hope of maintaining some semblance of a healthy human society going forward, our world must quickly and decisively commit to #degrowth.

We're talking real solutions here! Real answers to the many systemic problems that plague us and threaten our very extinction.

Now, I know how unlikely it is that these solutions will be adopted by our present leadership. And I know how challenging they will be to achieve. I'm under no illusion that any of this will be easy.

But — if we don't know where we want to go, we'll never get there.

So today, I'll provide two resources for learning about degrowth. The first is simpler and more basic, while also offering a more hopeful and positive outlook. The second is a darker vision, presenting additional detail about the daunting challenges we face and the many hard steps that lie ahead of us. I hope you'll read both, or I hope you'll read at least one of them.

That's my intro. 🧵1/3 The next two parts will follow soon...

#Economics #Science #Environment #Climate #ClimateChange #ClimateCrisis

Gary Stevenson's just posted this debate on the economy. It's long, so I'm recommending it unseen, but I bet it's worth watching.

#UKPolitics #Economics

https://www.youtube.com/watch?v=4yohVh4qcas

Microsoft, $MSFT, is open to using natural gas to power AI data centers to keep up with demand

#news #finance #economics #stocks #options

BREAKING: Social Security Administration to cut its phone support, per Axios.

#news #finance #economics #stocks #options

The US government will no longer require shell companies to disclose their owners and beneficiaries, per the US Treasury

#news #finance #economics #stocks #options

https://www.europesays.com/1917588/ UNDP Report on Syria’s Economic Losses #Conflicts #economics #security #Syria

Reporter: Russia, China, and Iran are doing military exercises together. Does that concern you?

Trump: No.

Reporter: Why not?

Trump: Because we’re stronger than all of them

#news #finance #economics #stocks #options

At the root of many contemporary economic problems (the UK's productivity puzzle, deterioration in the terms & conditions of employment) is one simple issue:

Managers too often see workers not as a 'resource' to be invested in & nurtured for the long-term good of the organisation, but rather as a cost which can be reduced for short-term gain while the longer term consequences will be fixed (in some way) by technology.

The de-humanisaton of economics is a major problem!

#workers #economics

One of the major reasons for this lack of motivation is low pay; 33% of respondents say it’s a primary source of this apathy, followed by misalignment in values (23%), and unclear expectations (14%).

Read more: https://t.co/sHxda17ysj

#news #finance #economics #stocks #options

"79% of employees are disengaged at work," per FORTUNE.

#news #finance #economics #stocks #options

“We do not write this lightly. But the speed and scale of global shifts is so rapid that this needs to be acknowledged as a possibility,” said George Saravelos.

Read more: https://t.co/pvKdgozmpH

#news #finance #economics #stocks #options

The US dollar may lose its traditional safe-haven status as global markets adjust to a new geopolitical order, according to Deutsche Bank

#news #finance #economics #stocks #options

"Petitioning the King"
https://www.youtube.com/shorts/SKhAK-rR55U

#politics #corruption #tariffs #economics #Trumpnomics #Trump #CEOs

JUST IN: Homes in the US have been sitting on the market for longer: 66 days on average, five days more than this time last year, per FORTUNE.

#news #finance #economics #stocks #options

Tariffs for Dummies:
https://www.youtube.com/shorts/2KHWVB03gOY

#finance #tax #economics #logic #humor #trumpTariffs #politics

Trump: "Let's be honest: the European Union was formed to screw the United States. That's the purpose of it."

Not exactly, more like counter balance a disadvantage when a small European country is negotiating with a union of 50 states. Loosing privilege is not the same as the expressed will to screw someone.

#Trump #LosingPrivilege #EqualFooting #EuropeanUnion #UnitedStates #Economics #TradeAgreements #Politics #CollectiveBargaining #BargainingPower #Alliances

Janis Kluge, German Institute for Int'l & Security Affairs - American #defense #contractors are about to lose #billions in business from #Europe after US disabled jamming equipment in F-16s, withholding maintenance and parts for systems already purchased:“US weapons are toxic, just as Europeans are making plans to spend hundreds of billions on arms procurement. This is against US interests on so many levels. But for #Trump, the end of US supremacy just can't come soon enough.” #economics

TFW your wages are materially worse than a 15th century Florentine day laborer

#uspol #history #economics

CC @adapalmer

Just because you are a clergyman (my prejeduice showing through, honestly, I know some very sensible clergy) should not make people ignore sensible, reasoned arguments.....

https://www.theguardian.com/commentisfree/2025/mar/08/growth-politics-public-good-society-rowan-williams

#Economics #Growth #ForWhom #UkPolitics #RowanWilliams #CommonSense #QuestionAssumptions

"A lot of them are globalist countries and companies that won’t be doing as well because we’re taking back things that have been taken from us many years ago,” Trump said

Read more: https://t.co/tPSHbWZQ7Y

#news #finance #economics #stocks #options

BREAKING: Trump has said: big globalists have been ripping off the US

#news #finance #economics #stocks #options

As Daniel Suskind points out, the UK finds itself in the strange situation where the Office of Budget Responsibility is essentially shaping economic policy... why?

Well, the OBR produces forecasts of what specific economic policies will contribute to growth & as Rachel Reeves is both committed to promoting growth but also sensitive to how 'markets' see her policies in light of OBR forecasts, will try to do what the OBR thinks will promote growth.

But does the OBR actually know?

#economics

Bombs Over Beirut: Hezbollah and Israel go to War

#Anarchy #Anarchism #Socialist #Socialism #Lebanon #Israel #War #History #Politics #Economics #Philosophy

https://www.youtube.com/watch?v=vaJ4uz5_7vA

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

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

Oh.

"Fund managers now say Trump’s Make America Great Again agenda has instead unleashed a Make Europe Great Again trade that is reordering global financial markets."

FT: "US stocks struggle as ‘America First’ bets backfire"

https://archive.is/irv7W

#USPolitics #Economics

Financial Time is already drumming up austerity saying Europe must trim its welfare state to build a warfare state.

https://www.ft.com/content/37053b2b-ccda-4ce3-a25d-f1d0f82e7989 (https://archive.ph/1dmYa)

#eu #politics #eupol #austerity #economics