Economy

POOR US

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Why is everything getting so expensive? What the hell is going on? Why are there nearly 24 million American millionaires, more than anywhere else on earth? Debt appears to be the singular thread as this nation produces more food, but farmers are going broke with increasing US tariffs. Americans are anxious, overworked, and buried in debt.

TRADE NOT AIDE

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Soybean farmers face steep losses: "I'm in the worst shape right now." CBS News has learned the Trump administration could announce a multi-billion-dollar financial relief package this week for farmers being hurt by the president's trade war with China. Lana Zak talked to soybean farmers fearing they may be forced out of business. https://www.cbsnews.com/video/soybean-farmers-face-steep-losses-im-in-t…

AMERICAN NIGHTMARE?

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The idea that "the American Dream is dead" is a widespread and growing sentiment, reflected in polls showing a majority of Americans believing the dream is no longer attainable, particularly for younger generations

IMPORT EXPORT

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The former guy, #DonOld Trump acts like he invented the wall concept and now tariffs by using them as a tax on other nations.

It's the same silly claim that he made during a previous #CamPain that Mexico would pay for an ineffective wall that he never built. He is a big fat liar and will say anything to get back into the news cycle and not have the voters talking about how a younger smarter woman kicked his ass during their debate.

This #CityImages blog post, if shared, could possibly reach many good folks who may not totally understand these hidden persuaders.

SHRINKING DICTATOR

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The world’s largest nation in terms of geographic land mass will soon become tiny small just like its dictator: Reports 

According to Business Insider, Russia's economy faces a demographic disaster and risks seeing its population reduced by half by the end of this century, think tank says.

ECONOMIC TRUTHS

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Much has been written about the success of Bidenomics.  Now fact-checking provides a stark warning of the former guy’s economy.

GOBankingRates looked at four key metrics from all 50 states and the District of Columbia using data from the State Economic Monitor, created by the Urban Institute’s State and Local Finance Initiative, a joint Urban-Brookings Tax Policy Center project.

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…

ASSETS USA

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U.S. Wealth by Generation

Finally, we subtract liabilities from assets to arrive at total wealth by generation in the United States. Figures again are USD and in trillions.

Nikkei Asia: Banks

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Venture capital tries to find a way in the post-SVB era. Southeast Asia aspires to host the next startup financing ecosystem.

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The effects of Silicon Valley Bank's collapse could ripple through the innovation economy for years.   

 

A Global Recession

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The White House says it has an economic story worth telling. Now, it’s time to tell, American voters that it’s a worldwide problem.

The Republicans want to celebrate the global economic downturn they helped create by once again lying to USA taxpayers and pointing the fickle finger of fate. But Americans know best. It is the GOP Economy.