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Search results for tag #useconomy

[?]US news | The Guardian » 🤖 🌐
@theguardian_us_news@halo.nu

Trump’s affordability crisis hits his supporters hardest as he calls housing bill of ‘minor importance’ theguardian.com/business/2026/

    #maine boosted

    [?]Europe Says » 🌐
    @europesays@pubeurope.com

    europesays.com/3124534/ Best states to live in 2026: No. 1 wins again

    Best states to live in 2026: No. 1 wins again

    Alt...Best states to live in 2026: No. 1 wins again

      #maine boosted

      [?]US » 🌐
      @us@pubeurope.com

      europesays.com/us/927966/ Best states to live in 2026: No. 1 wins again

      Best states to live in 2026: No. 1 wins again

      Alt...Best states to live in 2026: No. 1 wins again

        [?]The Japan Times » 🌐
        @thejapantimes@mastodon.social

        Structural economic weaknesses and policy choices are likely to keep the yen under pressure despite the prospect of further government intervention. japantimes.co.jp/editorials/20

          AodeRelay boosted

          [?]US news | The Guardian » 🤖 🌐
          @theguardian_us_news@halo.nu

          Senate Democrats move to stall Trump’s ‘absurd’ bid to install new Federal Reserve chair theguardian.com/business/2026/

            [?]ˈdälfən™🐬 💥 🌊 » 🌐
            @dalfen@mstdn.social

            Woo hoo! Winning!

            🍟


            ~~~~~

            Also, the article claims Biden's presidency was "plagued" with "high inflation," but I'd like to point out that the COVID pandemic-related (experienced globally) was COMING DOWN significantly and near the level we are at now when he left office.

            In contrast, inflation is GOING UP in Trump's 2nd term and greatly precipitated by his actions related to & .

            -----

            politico.com/news/2026/04/10/i

            'This is very real': Surging gas prices drive inflation to highest level in 2 years Oil prices exploded in March as global energy markets absorbed a once-in-a-generation supply shock from the U.S.-Israel war with Iran.

            Alt...'This is very real': Surging gas prices drive inflation to highest level in 2 years Oil prices exploded in March as global energy markets absorbed a once-in-a-generation supply shock from the U.S.-Israel war with Iran.

              1 ★ 0 ↺

              [?]Anthony » 🌐
              @abucci@buc.ci

              U.S. economy lost 92,000 jobs in February, marking an unexpected setback for the economy

              This kind of thing is only unexpected to those who are lying or not paying attention. The US economy has been in very bad shape for quite some time now and there does not appear to be efforts to acknowledge it, let alone do anything about it, on the part of the powers that be.

              From https://www.cbsnews.com/news/jobs-report-today-february-2026-economy-layoffs-bls/


                0 ★ 0 ↺

                [?]Anthony » 🌐
                @abucci@buc.ci

                Blackstone’s Flagship Private Credit Fund Hit by Record Redemptions
                Blackstone Inc. is allowing investors to redeem a record 7.9% of shares from its flagship private credit fund, the latest sign of unease in an industry that’s faced a wave of withdrawals.
                From https://www.bloomberg.com/news/articles/2026-03-02/blackstone-allows-investors-to-pull-record-7-9-from-bcred-fund

                Some private creditors have been refusing withdrawals; that plus record levels of withdrawals does not suggest health. This sector is a possible source of whatever asset crash comes. So-called private credit is basically banking without banking regulations. We've known for a century now that banking without banking regulations predictably leads to the kinds of crashes that banking regulations were designed to forestall.


                  3 ★ 3 ↺
                  US Politics Channel boosted

                  [?]Anthony » 🌐
                  @abucci@buc.ci

                  Hot take: the AI bubble already burst, and what we're experiencing now is the bailout. "Patriotic tech" is one of the forms it's taking.

                  It seems to me that, as with the still ongoing COVID pandemic that very few recognize as such, the looming asset collapse and economic recession we're living through in the US is not perceived because it's not talked about as such, and therefore might as well not be happening.


                    4 ★ 0 ↺

                    [?]Anthony » 🌐
                    @abucci@buc.ci

                    CNN is reporting "Hiring picked up as 2026 kicked into gear, with the US economy adding a stronger-than-expected 130,000 jobs last month"

                    If you haven't been following this stuff for long, it might surprise you to know that "adding" 130,000 jobs in a month is a net loss. A jobs report like this would have been taken as a sign of a very poor economy even 15 years ago. The reason is that around 180,000 young people reach legal employment age each month in the US (Contra the admin's confabulations, this is how many US citizens reach employment age, and is not about immigration slowing). Adding 180,000 jobs would be treading water. Adding 130,000 is effectively 50,000 new people without jobs, a net loss by the spirit of this metric. There's also the reality that many of these estimates have been revised down by the BLS after more data came in.

                    Saying hiring is "picking up" and is "stronger than expected" is effectively saying "it could have been worse! 🤷 ". It's wild to see this positive spin on a very poor report.

                    It's extraordinarily fishy that the reported unemployment rate is not moving much in spite of these persistent and mounting job losses. I know why this is so please don't @ me a splanation. My point is that it, again, does not reflect the spirit of what this metric is meant to capture. It is wholly perverse now and should not be reported at all, let alone taken as a meaningful indicator.

                    The US economic numbers, when you push aside all the B.S., are recession-level. There's no "momentum" in the "labor market". There are not "green shoots" or "signs". The economic situation is bad.



                      3 ★ 1 ↺

                      [?]Anthony » 🌐
                      @abucci@buc.ci

                      Just a reminder that Google is an illegal monopolist, having lost three distinct antitrust cases.

                      It looks likely that Google will be treated the way Microsoft was in their famous antitrust loss in the late 1990s, and not be broken up in any significant way. Google absolutely should be broken up, just like AT&T and Standard Oil (and countless other large US monopolists) were before it. Google's wealth and power derives from illegal behavior; this is not in question anymore. Why should they be permitted to keep what courts have decided they stole? 100 years of antitrust law and precedent says that it should not be permitted to keep the spoils of its illegal behavior.

                      It sounds to me like the hesitation to break up Google is largely ideological on the part of the judges and lawyers involved. The failure to break up Microsoft after its antitrust loss is arguably one of the main reasons the US economy is such a monopolized, consolidated mess today, and why so many things are "enshittifying". Breaking up Google and changing that pattern would obviously not cure all ills, but it'd almost surely make a number of things in the economy better for a whole lot of people.

                      In any case, one thing we can all do is look at Google as a bad actor, a law-breaking entity whose power is illegitimate.

                      https://www.thebignewsletter.com/p/why-is-google-still-in-one-piece


                        0 ★ 3 ↺

                        [?]Anthony » 🌐
                        @abucci@buc.ci

                        Looks like Apollo is calling a recession for Summer 2025. The Trump crew is already trying to blame Biden, but that's 100% horseshit. From what I gather this is unlikely to be reversible so brace yourself in whichever ways you can. There are suggestions this one may be worse than 2008.

                        https://www.apolloacademy.com/wp-content/uploads/2025/04/042625-ConsumerandFirms_v2.pdf (see page 4 for a summary of the timeline + expectation)


                          2 ★ 0 ↺

                          [?]Anthony » 🌐
                          @abucci@buc.ci

                          It's also worth remembering that largely because of dysfunction and monopolization in the agriculture sector, the US became a persistent net importer of agricultural products in 2023, worsening the overall trade deficit. This even as the US literally has the most arable land in the world, more than enough to grow food for everyone here and export a bunch after. Which is what we used to do (see this post for instance). This report on agriculture industry monopolization titled “Kings Over the Necessaries of Life”: Monopolization and the Elimination of Competition in America’s Agriculture System is damning.

                          I don't believe the administration is being sincere when it decries international trade imbalances. There are some simple, obvious actions it could be taking right at home that would be wildly popular yet do not seem to merit mention.


                            5 ★ 2 ↺

                            [?]Anthony » 🌐
                            @abucci@buc.ci

                            In all the talk of US trade deficits forcing Trump et al. to erect tariff barriers to "rebalance trade", we've lost or ignored the fact that the US has an enormous digital trade surplus. See, for instance, this paper Estimating digital product trade through corporate revenue data. The US's main conventional export is currently petroleum, but it exports over twice as much in digital advertising. The US's overall "digital exports" are larger than the total exports of France, which is the world's 7th leading exporter. However, these numbers are not typically included in reports about trade deficits or surpluses.


                              3 ★ 1 ↺

                              [?]Anthony » 🌐
                              @abucci@buc.ci

                              I hope there are journalists digging into who sold and who bought stocks and cryptocurrencies, which ones and when, leading up to Apr 2 and in the next few weeks.

                              The low-effort generative AI looking tariff rates is a tell. The fact bitcoin moved the same way as US stock indices has a bad smell about it too.


                                8 ★ 5 ↺

                                [?]Anthony » 🌐
                                @abucci@buc.ci

                                I think it's wild that cryptocurrencies are also crashing along with the US stock market. I mean, I feel like they're doomed to crash generally but there legitimately seemed to be enthusiasm in that industry that Trump would make the line go up.


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