I haven't seen anyone here hype BRICS. I stated if BRICS gets enough liquidity, then it will neuter the ability for the SWIFT systems to sanction countries via monetary means. I also stated I have no problem with this outcome because the US is not the global authoritarian on who is allowed to participate in the global economy. If each country wants to boycott, then let them do it.
Folks like @Invisible Fan don't get it. Debt is fake as long as you remain the global superpower. Chinnese culture is very conservative when it comes to spending and debt. They don't believe in massive credit card limits and living beyond your means for the most part. This is BAD BAD at times of slow growth bcz consumption cant grow the economy from the inside. Their consumption model alongside their collapsing demographic means its over for them. I never understood the whole "America is decling" narrative when the rest of the world is collapsing. We have strongest growth anywhere in the developed world alongside lowest unemployment rate. Chinnese youth unemployment is 22%. That's ****ing nuts. America is winning and its not even close. We're like the 97 bulls Wsj did a great article
Lol, why would anyone who cares about competition law and thus works at the FTC give a **** what Jim Cramer says? It's like the white supremacists, GOP and the pretend "walk away" movement. Nobody in your target group cares what you say - for good reason. Jim Cramer knows even less about antitrust endorsement than he does about economics or picking stocks. And he's terrible at that.
huh? The FTC was ALWAYS pro business before Biden shook things up. All the former FTC commissioners are now CNBC contributors. Do you pay attention to the swamp that is DC? The funny thing is BIden is actually draining the swamp by putting in young warriors like Lina Khan and you have European trolls @AroundTheWorld who think some young pharma hedge fund bro is the solution. We already have the solution. We need to pass stronger antitrust laws and give Lina khan more power. Shes attempting to break up Amazon this week. Next week shes going to trial to break up google. Shes doing what the MAGAts wish Trump did
Commissioners are political appointments - if the right wing commissioners resign - great! Nobody cares about their protest votes I'm talking about the career staff that do the actual work who finally get to do their jobs for the first time in decades. -of course they're not resigning - it's literally why they took the job. We don't need any more antitrust laws for the most part - we just need to enforce the ones we have - which we stopped doing when a bunch of judges in the 70s decided they had figured out all of economics and made up rheir own rules. They didn't, and also things changed - time to make up new rules and get new judges.
Major ruling today. First time in decades that a pharmaceutical firm got hit with criminal antitrust violations. They'll have to break up their monopoly of pravastatin which is a cholesterol medicine that was a core part of the companies’ price-fixing conspiracy. Doj said this is the beginning and their going go after more pharmaceutical firms When you have a populist antitrust agency that's literally the only thing you need in society. Antitrust touches every fabric of our lives
Oliver Anthony makes Billboard history, debuts at No. 1 with viral hit ‘Rich Men North of Richmond’ https://www.nydailynews.com/enterta...0230822-4cf3hchyazdqxksnkc3izqcraq-story.html
Meanwhile today biden introduced a transformation of higher education. Under the new plan there will be no interest occurred on student loans no more while any family making less than 50k pays 0 dollars in loans.
Without Trump’s reality-TV drama in the mix, in the first Republican presidential primary debate tonight, the Republican candidates will likely try to put Bidenomics on trial instead. But even on their own stage, at their own event and with no opposition, the eight Republicans will have little hope of successfully prosecuting Bidenomics based on facts. That leaves them only hysteria. As former Labor Secretary Robert Reich wrote in an essay last month, Bidenomics “is turning out to be the most successful set of economic policies the United States has witnessed in a half-century.” https://bbs.clutchfans.net/threads/its-a-matter-of-bidenomics.320222/page-20#post-14772169It’s turning out to be the most successful set of economic policies the United States has witnessed, post-WW2. New economic data show that inflation cooled to 3% in July, down from over 9% last year, and approaching Fed’s goal of 2%. And as inflation has subsided, real wages – that is, what paychecks will buy – have finally risen. Meanwhile, the economic pie has continued to grow. Consumer spending is solid. Consumers expect the economy to continue to do well.. Inflation is coming down without a crash landing, in large part because the Fed’s rate increases – designed to slow the economy, stop wage growth and cause higher unemployment – are being offset by Bidenomics’ massive public investments in infrastructure, semiconductors, wind and solar energy, and manufacturing. This isn’t all. The Biden administration has added three other critical ingredients: the threat (and, in some cases, reality) of tough antitrust enforcement, a pro-labor National Labor Relations Board, and strict limits on Chinese imports. Taken together, these policies are beginning to alter the structure of the American economy in favor of the bottom 90%. Unlike past economic stimulus programs, the success of Bidenomics is not temporary.
Federal reserve is trying tank the economy bcz the labor market is too strong. What absolute scumbags
This is like how Republicans have used songs like "Born in the USA", "Small Town", or "Shipping Off to Boston" even though the messages of those songs and political leanings of the artists were antithetical to their values.
Huh? Hyperbole? He's literally calling for folks to be on unemployment cuz labor market is too tight. No body cares that much about inflation being 3% vs 2% that you need to force millions on unemployment. The biggest thing ppl care about is gas prices and interest rates. Raising rates doesn't help biden at all if not hurts with mortgage rates. The fed wants Trump back
Your tweet says "some softening in labor market conditions" and that equals the Fed is fixing it for Trump......? That seems pretty close to the definition of hyperbole. The whole point of raising interest rates was to slow economic activity down which in turns softens the labor market. Bidenomics is more inflationary in the short term..... Onshoring from low labor cost countries with lax environmental regulations to higher cost labor and more environmental regulations is inflationary. This is the result of the stimulus and industrial policy.... a hot economy and a historically tight labor market. And the reason why I said wait and see, is because Powell might just be trying to keep the hawkish tone. The rate of hikes has been slowing, it doesn't mean doom if it doesn't reverse this time.
Funny cuz corporate balance sheets have never looked better literally. Most corporations refinanced their bad debt already. Maybe you should also mention we've had more small business formations than ever before in history also last year ? You're not a partisan loser are you
Perhaps corporations are trying to shore their balance sheets up for the perceived upcoming storm. Im focusing on this year, or more specifically last 6 months or so. More importantly, where do the numbers end up at the end of the year. Velocity and direction are more important than the claimed victory flags of the past.
