Economists calculated the cost of Trump’s tariffs for Americans. The numbers are staggering
https://www.fastcompany.com/91402824/economists-calculated-how-much-trump-tariffs-will-cost-americans-the-numbers-are-staggering
economy
#Trump demanded on Wednesday that a #FederalReserve governor, #LisaCook, “resign, now!!!,” citing unconfirmed allegations that she *may* have engaged in mortgage fraud. It is the latest sign that the admin is ramping up its campaign to remake the #independent #CentralBank. Trump has pressured the bank to lower #InterestRates, which it has kept steady out of concern that his policies could cause #inflation.
#economy #law #tariffs #trade #immigration #labor #recession
https://www.nytimes.com/2025/08/20/us/politics/trump-fed-resign-lisa-cook-governor.html?smid=url-share
Edited 1y ago
「这些叙事是所有人都能看得清楚的部分。但这里的要点不是叙事本身，而是：这个叙事是给谁设计的？」
🧬《关于塔克卡尔森的普京采访: “能让你恐惧的那部分”》
https://www.patreon.com/posts/zhuan-tie-guan-98270895
#俄罗斯 #极右翼 #美国 #孤立主义 #苏联 #地缘政治 #普京 #塔克卡尔森 #去全球化 #内卷 #经济 #Russia #FarRight #USA #Isolationism #SovietUnion #Geopolitics #Putin #Deglobalization #Involution #Economy
I predict that by Black Friday shopping and Christmas shopping, in general, inflation will be at an all time high - double digits.
Okay, if this is real, this is worse than I was expecting. I've been thinking about secondary outputs but I've been thinking way more about plastics, inks, other secondaries.
I have been worried about products shortages but maybe not enough. I am and have been assuming that there will be preferential distribution to corporations (which obviously includes most freight) and least preference given to individuals trying to do their own work themselves - e.g., like RAM over the last several months. But I haven't thought about the price side of that.
And holy shit it's gonna get fugly.
So, uh, yeah.
Maybe buy an ebike. Maybe make some plans.
https://bsky.app/profile/carlquintanilla.bsky.social/post/3mly43udoqk2c
"US factory activity shrank in August for a sixth straight month, driven by a pullback in production that shows manufacturing remains bogged down by higher import duties tied to President Donald Trump’s trade war."
~ Natasha Solo-Lyons
#Trump #tariffs #economy #manufacturing #inflation #stagflation #taxes #groceries
/1
上證綜合指數迭創十年新高，吾奉勸欲投資者，當三思而行，切莫盲從。中國股市非市場之晴雨表，實乃政策之風向，故不可循自由市場之規律以釋之。而今股市興盛之表象，與實體經濟之頹勢相悖，其泡沫成分，已然昭著。
The Shanghai Composite Index has reached new highs for ten years. I advise prospective investors to think twice and not follow the crowd. China's stock market is not a barometer of the economy; it is a reflection of government policy. Therefore, it cannot be explained by the rules of a free market. The current boom in the stock market is at odds with the weakness of the real economy, and the presence of a bubble is now clearly evident.
#stocknews #stock #stockmarket #share #china #economy #economic #financial #finance #股市 #股票 #證券 #中國 #大陸 #經濟 #財經 #金融 #证券 #中国 #经济 #财经
BREAKING: Jobs report shows MAJOR SLOWDOWN in labor market under Trump.
We can now compare the first 7 months of Trump with the final 7 months of Biden, and job growth is down 57% under Trump.
People on Threads talk about the ICE raid on a facility Hyundai was building in Georgia, which will not open now after nearly 500 people, mostly South Koreans, were rounded up out of the blue.
"Hyundai’s halt: Construction is paused, and Hyundai has signaled it won’t move forward with the plant. That’s a $4.3 billion investment gone."
~ Trisha
#Trump #StephenMiller #ICE #SouthKorea #Hyundai #Georgia #economy
/1
Misunderstood Malthus
The English thinker whose name is synonymous with doom and gloom has lessons for today.
By: Roy Scranton
https://daily.jstor.org/misunderstood-malthus/
Malthus at PG:
https://www.gutenberg.org/ebooks/author/1411
A federal court ruled Tues that #FederalReserve Governor #LisaCook can remain in her position while she fights Trump’s efforts to fire her.
The ruling, which will be appealed, is a blow to the #Trump admin’s efforts to assert more #control over the traditionally #independent #Fed, which sets interest rates to achieve its congressionally mandated goals of stable #prices & maximum #employment. #Congress has also sought to insulate the Fed from #politics.
#law #economy
https://apnews.com/article/federal-reserve-governor-lisa-cook-trump-firing-651fcf0637cf14901bbd559df00c856b?utm_source=onesignal&utm_medium=push&utm_campaign=2025-09-09-Breaking+News
Insane asshole.
Will this include #Vancouver BC?
#Trump said on Monday he would impose a 100% tariff on all foreign-made #movies, an unprecedented move that threatens to upend #Hollywood's global #business model.
The step signals Trump's willingness to extend *protectionist* #trade policies into #cultural industries, raising uncertainty for studios that depend heavily on international box-office revenue & cross-border co-productions.
#law #economy #RevengePolitics
https://www.reuters.com/business/media-telecom/us-impose-100-tariff-movies-made-outside-country-2025-09-29/?utm_source=braze&utm_medium=notifications&utm_campaign=2025_engagement
Reading every headline & lede that invariably starts with “Democrats block GOP bill”, I’d like to remind everyone, the #media especially, that Trump’s party — the #RepublicanParty — controls the #WhiteHouse & both chambers of #Congress.
This shutdown is their doing.
By all accounts #Trump & #Project2025’s #RussVought absolutely wanted it because it consolidates #power under the #ExecutiveBranch, exactly what they have been working for.
Edited 344d ago
Finally some good / lawful news!
#SCOTUS lets #LisaCook remain as a #FederalReserve governor *for now*
The #SupremeCourt on Wednesday allowed Lisa Cook to remain as a #Fed governor for now, declining to act on the #Trump admin’s effort to immediately remove her from the #CentralBank.
In a brief unsigned order, the high court said it would hear arguments in January over Trump’s effort to force Cook off the Fed board.
#law #independent #economy #autocracy
https://apnews.com/article/supreme-court-trump-federal-reserve-lisa-cook-5a48941a9e30017b0ed3e5837492d288?utm_source=onesignal&utm_medium=push&utm_campaign=2025-10-01-Breaking+News
In Trump tantrum of the hour news…
#Trump Threatens to Fire Powell if He Does Not Resign From #Fed
Although #JeromePowell’s term as the #FederalReserve chair officially ends on May 15, he can stay on as a governor until 2028 & said he would not leave until a criminal investigation was over.
#law #economy #independence #RevengePolitics #AbuseOfPower #authoritarianism #USpol
https://www.nytimes.com/2026/04/15/business/trump-powell-fed-fire.html?smid=nytcore-ios-share
#Iran Threatens Retaliation Over #US #Blockade
Iran’s armed forces said they would attempt to expand their influence over sea lanes beyond the #StraitOfHormuz if the US military continued to block Iranian shipping.
#IranWar #TrumpsWar #Trump #MafiaState #piracy #WarCrimes #RegimeChange #RulesOfWar #law #Congress #WarPowers #geopolitics #NationalSecurity #MiddleEast #inflation #economy #affordability #CostOfLiving #oil #energy #EnergyCrisis
https://www.nytimes.com/live/2026/04/15/world/iran-war-trump-us-israel?smid=nytcore-ios-share
RE: https://thecanadian.social/@MostlyHarmless/116522434048505661
That's "Trickle Up"-economy for you 😒
Egotistical jackass
#Trump said on Thursday all #trade talks with #Canada were terminated following what he called a fraudulent advertisement from Canada in which former & late US President Ronald Reagan spoke negatively about #tariffs.
"Based on their egregious behavior, ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED," Trump wrote on Truth Social.
#economy #inflation #recession #trumpcession
https://www.reuters.com/world/us/trump-says-all-trade-talks-with-canada-are-terminated-2025-10-24/?utm_source=braze&utm_medium=notifications&utm_campaign=2025_engagement
US hits $38 trillion in debt
In the midst of a federal government #shutdown, the #US govt’s gross national #debt surpassed $38 trillion Wednesday, a record number that highlights the accelerating accumulation of debt on America’s balance sheet.
It’s also the fastest accumulation of a trillion dollars in debt outside of the COVID-19 pandemic—the US hit $37 trillion in gross national debt in August this year.
#economy #inflation #recession #Trump #trumpcession #Congress
https://apnews.com/article/trump-treasury-debt-ceiling-bessent-09575f13ca95c2f1beb38234b2cbe85b
New from José Luis Martínez: Last year, state investigators faced the highest number of paycheck complaints in nine years and a prior internal audit noted that it typically took months just for complaints to be assigned to an investigator. https://www.texasobserver.org/texas-workers-wage-theft-complaints-surge/
#labor #workers #poverty #Texas #politics #USpol #news #economy
No jobs report from BLS today (delayed until Dec. 16), but before the shutdown, the pre-Trump / post-Trump comparison in BLS data was very close to pre-Trump / post-Trump comparison in the ADP data.
This week, we got the latest jobs data comparison from ADP, through November:
Exclusive: #US considering curbs on #exports to #China made with #US #software, sources say
The #Trump admin is considering a plan to curb a dizzying array of software-powered exports to China, from laptops to jet engines, to retaliate against Beijing's latest round of #RareEarth export restrictions, according to a US official & 3 people briefed by US authorities.
#economy #inflation #jobs #recession
https://www.reuters.com/world/us/us-considering-curbs-exports-china-made-with-us-software-sources-say-2025-10-22/?utm_source=braze&utm_medium=notifications&utm_campaign=2025_engagement
#Trump announces 10% increase in #tariffs on #Canada
Trump said on Saturday he was increasing tariffs on Canada an additional 10% "above what they're paying now," just days after ending trade talks with #Ottawa over what Trump described as a misleading ad.
#petty #narcissist #economy #inflation #recession #trumpcession
https://www.reuters.com/business/trump-announces-10-increase-tariffs-canada-2025-10-25/?utm_source=braze&utm_medium=notifications&utm_campaign=2025_engagement
#US #consumer confidence slips to 6-month low; worries over #job availability rising
The Conference Board survey on Tuesday also confirmed what economists describe as a K-shaped #economy, with confidence declining among #consumers making an annual income of <$75,000, but consumers earning >$200,000 a year more upbeat. Economists argue that high-income households are keeping the economy afloat through robust consumer spending.
#Trump #plutocracy
https://www.reuters.com/world/us/us-consumer-confidence-slips-october-worries-over-jobs-persist-2025-10-28/?utm_source=braze&utm_medium=notifications&utm_campaign=2025_engagement