Economics

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

ECONOMIC JOLT

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Economists war that Americans and the entire world need to continue tightening our belts for the long and bumpy ride ahead.

The Federal Reserve faces the daunting task of reassuring the public that is increasingly convinced the central bank has already blown it. Slam the breaks or slow down?

When the Fed raises rates, it would imply that the banks are seeing a growth in credit disbursement. A lot of people are opting for the loan facility. So, in order to satisfy the need for credit, banks usually shift their reliance on fixed deposits. 

Here Comes The Fed

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Experts say greed causes inflation. Like pride, lust, gluttony, sloth, anger, and envy, greed is a deadly sin because it causes others. 

Greed takes the form of overwork. Consumerism is a view of the human person that reduces us only to what we can afford to buy and consume.

Mickey Has No Clothes

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The Mouse has been stripped naked. Florida revokes Disney World’s special status, for criticism of the “Don’t Say Gay” law.

Disney's special district pays for its own services, so removing this status means Florida residents will see a higher tax bill. The district also has over $1 billion in debt, which the state would be on the hook for. Florida will go broke thanks to #MoRon.

FOX OAN NEWSMAX?

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The effectiveness of an advertiser boycott varies. Does it impact ratings? How many marketers are pulling the ads dollars lost? 

In this era of political polarization, media platforms have oftentimes taken the stance they will not be bullied by watchdog groups. Furthermore, for too many loyal viewers, the comments made are not deemed as incendiary. 

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