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WSJ: The Two-Speed Economy Is Back as Low-Income Americans Give Up Gains.
“There are two economies in the U.S. right now, and they are moving in different directions. For high earners and many older Americans, the economy looks robust. They are still spending like gangbusters, and their 401(k) accounts and homes have soared in value. They nabbed 3% mortgages when rates were low. Some might worry about AI eventually coming for their jobs, but for now their positions look relatively secure.” … “ Now the gulf is widening again. For much of the past few years, wages for the bottom third of U.S. earners grew at a faster rate than for the top third, Bank of America data show. But since the start of the year, top earners have pulled far ahead.” https://apple.news/AdvVl2EdARRyOO9jGhoVgZw |
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The US dollar is breaking new lows.
MAGA!!!! |
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Powell: "Overall, the marked slowing in both the supply of and demand for workers is unusual. In this less dynamic and somewhat softer labor market, the downside risks to employment seem to have risen."
This is good, right? Right? |
| Low interest rates aren’t the sign of a good economy. All the people loving the low interests rates before I guess didn’t care about the folks scraping by an existence. Sure they gave lip service to wanting to improve things which is why they voted for Trump. Whatever. |
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Fed statement makes it official: Stagflation is in the room.
"Job gains have slowed, and the unemployment rate has edged up... Inflation has moved up and remains somewhat elevated. " |
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Despite all the fake news about inflation, Trumps policies have led directly to huge declines in the price of cocaine. Don Jr reportedly led this effort
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Sales of Heavy Trucks are collapsing, which has *usually* foreshadowed an upcoming recession
https://bsky.app/profile/barchart.com/post/3lz4oagnrds23 But let's focus on Kimmel and Kirk and a host of other things and let our economy fall. |
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Fox Interview with Martha McCallum
MacCallum: The recent Fox polling has 52% saying the economy is worse under this administration. Unemployment at the highest rate in four years. Trump: Fox polling—it’s the worst polling. I told Rupert Murdoch to get a new pollster because he stinks. Trump says the economy will be good "probably in about a year or so" So the economy will be bad until then and who knows what it will look like after that. Thanks MAGA. |
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Was in a meeting with international CEOs today. They said that they are treating the US like a third world country because the business environment is so unstable.
When Trump tells you he is winning across the world, boy is that a huge lie. |
...in other words, they are not investing and are closing manufacturing facilities in the US. That means jobs folks. |
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Here's what's coming... but not just yet:
CUTS COMING AFTER THE ELECTION: X Medicaid work rules Dec. 2026 X Food aid restrictions Late 2026 X Clean energy credits end Mid to late 2026 X Student loan changes Gradually by 2026 X Affordable housing cuts Phased in post-2025 X Rural hospital funding declines Starts 2026 WHY IT'S DELAYED: • Politicians want your vote before you feel the impact • The harshest parts are hidden until after ballots are cast • By then, it's harder to stop. |