A fair and harmonious society is the one that provides an environment for the pursuit of wealth in a realistic sense.
Joined February 2021
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My key takeaway is that the US federal government has a debt at 452 percent of GDP. Translation: defaults are coming.
TThe cause of the U.S. midterms Republican wipeout is not the Iran War. It is also not some Super Special New Democrat Organizing Method. In this post, for the first time anywhere, I disprove both conclusively. The cause is election fraud.
Texas Governor-elect Gina Hinojosa calls for a HALT to AI data center development until new laws are enacted, per CNN. Texas accounts for 25% of all planned data center development in the US.
everyone saw the election rally.. nobody did the math.. yesterday Wall Street partied over the midterm results.. the Dow jumped 1,580 points and the S&P 500 added 1.6%.. this morning more than $2 trillion walked back out the door in under an hour..
Voters pessimistic about the #US — exit poll Voters expressed significant economic concerns, with 75% describing the economy as poor. Meanwhile, 69% said the US system favors the wealthy rather than providing equal opportunities for all.
Americans Are More Pessimistic About Their Finances Than During the 2008 Financial Crisis - According to figures highlighted by The Kobeissi Letter, a record 41% of US consumers now expect their financial situation to deteriorate over the next 12 months.
Nasdaq suffers a 2.9% weekly fall Nasdaq: -2.9% Friday S&P 500: -1.8% Dow Jones: -572 points S&P 500 closing level: 7,580.07 Investors are questioning whether massive AI investments can generate enough profits to justify current valuations.
THE U.S. ECONOMY IS HEADING TOWARD A COLLAPSE Record government spending, the massive AI buildout, and weakening labor-force participation are flashing warning signs for the U.S. economy, according to analyst Ed Dowd.
U.S. Treasury yields inched lower on Tuesday as investors awaited further economic data and continued to weigh the inflationary backdrop ahead of the Federal Reserve’s interest rate decision next week.
US fiscal deficit widens 12% to $1.99 trillion Net interest payments cross $1 trillion for first time Government spending outpaces revenue growth
A US Air Force pilot died last night after falling in an uncontrolled manner during a pre-game rappeling demonstration at the Alemodome in San Antonio, Texas.
Inflation up, yields fall like a stone. The very clear message of the bond market: recession because of the burst of the AI bubble.
Americans grow more pessimistic about their finances, New York Fed finds — expert warns of ‘tough choices’ ahead
US economic data have increasingly been disappointing analyst expectations, with the Bloomberg US economic surprise index turning negative in the past few weeks. This is edifying concerns that consumers will soon run out of steam to keep spending as much as prices keep rising.
Housing Market The largest mortgage lender in the United States, United Wholesale Mortgage, just fell to its lowest closing price in history and is on track for its 9th consecutive red month, its longest losing streak in history
One in five US families falling behind on loan payments is a serious warning sign. Even more concerning, 8% were over 60 days late.
The United States is currently the only major country in the world losing tourism. People across the world find traveling to the US less appealing than it was even a few years ago and are choosing other destinations.
