Economics

HISTORIC WEEK

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The Dow Jones closes above 40 000 for the first time as the finance world celebrates this week of a national historic milestone.

Trump just gave Biden the perfect excuse to revive a key point of attack

The message should be simple: Biden is fighting inflation, while Trump protects those who profit from it.

https://www.msnbc.com/opinion/msnbc-opinion/dow-40000-record-biden-infl…

PAY UP OR SHUT UP

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This is a case of the pot calling the kettle black. Who is Donnie kidding, when he is notorious for never paying his bills?

The original phrase comes from a 1620 translation of the Cervantes novel Don Quixote: “You are like what is said that the frying-pan said to the kettle, 'Avaunt, black-brows'.” Q: Avaunt? A: It's a now-archaic expression meaning “go away”. 

USA vs PRC

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The US and China being at odds politically and socially isn’t news. The recent past shows two superpowers diverging economically.

USA MONEY

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As we enter the Happy News Year of 2024 - Published reports provide the average income across the United States of America.

Figures reveal a fascinating economic landscape. This year, NewTraderU analyzes the variance in earnings from coast to coast, and it becomes evident that each state tells its unique story of financial prosperity and challenges.

https://www.newtraderu.com/2024/01/27/average-income-by-state-2024/

YELLOW BRICK ROAD

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Are you sick and tired of the rat race and the never-ending grind? These 5 affordable states will pay you to move there right now.

According to published reports, That’s according to MakeMyMove.com, helps match remote workers with financial incentives being offered right now, for those ready to up and go. https://www.makemymove.com/ Is here to make some suggestions. How about West Virginia? 

GREEDFLATION

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With the dysfunctional GOP, Greed is bringing US Inflation for the holidays, also including a return to a new isolation. 

Instead of illogically blaming Joe Biden for inflation because he was dealing with worldwide structural economic changes as we emerged from the pandemic, more focus needs to be placed on greedy corporations who wildly exaggerate their cost of doing business and fraudulently point to increases as they unfairly gouge consumers with sky-high pricing.

TRICKLE FROWN

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The “trickle-down” #RepublicScam theory claims it benefits society, as the economy “trickles down” to all, including the poor.

Essentially, what this theory says is that when the amount of liquid in glass increases, the glass overflows at a certain point and the fluid slowly spills and trickles down, with positive effects both for the middle class and the poorer sections of society.

RITE AND WRONG

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Rite Aid filed for Chapter 11 bankruptcy due to a large debt load and thousands of lawsuits alleging involvement in the opioid crisis

I wonder if they are the only ones, and if a large number of the stores are in low income neighborhoods, like the one I had my last COVID booster vaccine?

A FITCH FAUX?

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Fitch Ratings downgraded U.S. government debt from AAA to AA+ says the downgrade reflects the expected fiscal deterioration.

Thank the Republicans controlled Congress for a high and growing general government debt burden and the erosion of governance.

Markets on guard for US, China inflation risk