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#useconomy

7 messages5 participants0 message aujourd’hui
Suite du fil
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cobalt

Next “I haz thoughts”
2
Stablecoin Bill 2025 in US
Sooo, since the federal government is backing private companies to supply cryptocurrency and these guarantees of investments are not requiring these companies to meet strict standards of auditing and saving safe amounts of cryptocurrency funds to insurance against losses, it greatly benefits owners. And a large number of members of Congress are investors. The industry corporations were major funding donors to US politicians with enough money donations to tip elections AND buy votes in US budget resolutions. The Trump family has profited a great deal from offering their family-branded cryptocurrency. Now the Trump folks and a large percentage of Congressmen and Senators have an open profit and greed motive to keep cryptocurrency a more dominate profit-policy in the US for the rich and ultra rich.

So how does this work for the majority of the public and small investors? Er, it doesn’t. And another risk to economic collapse of the US government and society. Oops, too bad, so sad. 2/3
#USgovernment #USEconomy #Stablecoin #Cryptocurrency #StablecoinBill2025
#BigUglyBill

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ˈdälfən™🐬 💥 🌊

For clarity, the #inflation measure used here is the Consumer Price Index (CPI), which rose 2.7% from one year ago (all items, all urban consumers, not seasonally adjusted). This makes a 0.3% rise from the 2.4% 12-month rise in May.

All items minus food and energy rose 2.9% in the past 12 months.

Shelter rose a whopping 3.8% in the past 12 months and “was the primary factor in the all items monthly increase.”

/2 🧵
#USA #USeconomy #economics #prices
—

bls.gov/news.release/cpi.nr0.h

BLS Logo
Bureau of Labor StatisticsConsumer Price Index Summary - 2025 M06 Results
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ˈdälfən™🐬 💥 🌊

Inflation ticked up some in the #USA , but we haven’t seen anything yet ( #MyThoughts ). There are many factors at play, like:

--> Much of Trump’s tariff plans were on hold (& the #inflation report looks backwards)

--> Businesses had front-loaded their inventory & consumers bought ahead (e.g., vehicles), anticipating #tariffs 

--> The Fed hasn’t lowered interest rates yet (though #Trump wants that & plans to appoint a new Fed chair)

--
#USeconomy #economics
--

wsj.com/economy/inflation-hit-

Inflation Picks Up to 2.7% as Tariffs Seep Into Prices Economists are split on how much tariffs will affect prices in the coming months, as Trump's tariff policy remains uncertain. https://www.wsj.com/economy/inflation-hit-2-7-in-june-in-line-with-expectations-8f92a8cd Accessed: 15 July 2025 at 0114 PST
Consumer prices, change from a year earlier SELECT RISERS 0% 5 10 15 Natural-gas service Coffee Audio equipment Beef/veal College textbooks Motor-vehicle repair Electricity Day care/preschool Hospital services Shelter -15 -10 0% SELECT DECLINERS Internet services Public transportation Whiskey at home Airline fares Jewelry Tomatoes Lettuce Gasoline Televisions Smartphones https://www.wsj.com/economy/inflation-hit-2-7-in-june-in-line-with-expectations-8f92a8cd Accessed: 15 July 2025 at 0114 PST
Inflation picked up in June, a potential sign that companies are starting to pass tariff costs on to consumers. Consumer prices rose 2.7% in June from a year earlier, the Labor Department said Tuesday, faster than May's increase of 2.4%. That was in line with the expectations of economists surveyed by The Wall Street Journal. Core inflation, which excludes volatile food and energy prices, was 2.9%, also in line with forecasts. Prices of furniture, toys and clothes-items that tend to be sensitive to tariffs-posted larger increases in June. At the same time, car prices unexpectedly fell. https://www.wsj.com/economy/inflation-hit-2-7-in-june-in-line-with-expectations-8f92a8cd Accessed: 15 July 2025 at 0114 PST
Consumer prices rose 0.3% in June compared with May, the largest monthly gain since January and a setback for White House officials who have said in recent weeks there isn't any meaningful inflation. But core prices rose 0.23%, at the middle of the range of monthly price increases over the previous year. The S&P 500 and the Dow Jones Industrial Average were down. The Nasdaq composite rose, on pace for a new high. "We are seeing inflation beginning to pick up," said Sarah House, a senior economist at Wells Fargo. Still, the numbers aren't a "worst-case scenario" because tariffs are so far only pushing up prices in a handful of goods categories and haven't spread over to services, she said. One possible explanation for the monthly drop in car prices, House said: Consumers moved planned purchases ahead to avoid expected tariffs, leading to lower demand https://www.wsj.com/economy/inflation-hit-2-7-in-june-in-line-with-expectations-8f92a8cd Accessed: 15 July 2025 at 0114 PST
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Tim Zee

@georgetakei
Indeed. Larry Summers, Treasury Secretary during the prosperous Clinton administration, says about Trump's policies: "This is the biggest self-inflicted wound we've put on our economy in history."
He expatiates in the vid.

#DonaldTrump #TACO #MAGA #Economics #USEconomy #USPolitics #LawrenceSummers

youtube.com/watch?v=1NwDy__RJKE

YouTube1 on 1 with former Treasury Secretary Larry Summers, This Week with ABC News’ George StephanopoulosPar Lawrence Summers
Public
Jimijamflimflam

“The last significant data for the first half of 2025, personal income and spending for May, was released this morning. It was the first month that reflected the impact of Tariff-palooza!, and boy howdy was it impacted. Not a single metric was positive. One metric was unchanged; everything else was negative. Let’s take a look at the carnage.“

bonddad.blogspot.com/2025/06/m

bonddad.blogspot.comMay personal income and spending: consumer payback for Tariff-palooza! is a B!t©h   - by New Deal democrat The last significant data for the first half of 2025, personal income and spending for May, was released this mor...
#TheBonddadBlog#USEconomy#USPol
Public
DrALJONES

Interview: The economy Is rigged against working-class people

Robert Reich on Zohran Mamdani, winner of the recent NYC mayoral primary election.

"Most Americans feel powerless.... They want affordability. Mamdani understood that... They want an economy that is working for them.”

democracynow.org/2025/6/26/rob

#ZohranMamdani #USEconomy #WorkingClass #Trump #USPol #NYCMayoralPrimary .

Democracy Now! · “The Economy Is Rigged”: Robert Reich on Zohran Mamdani, The Democratic Party, Inequality, and TrumpPar Democracy Now!
Public
DrALJONES

Interview: The economy Is rigged against working-class people

Robert Reich on Zohran Mamdani, winner of the recent NYC mayoral primary election.

"Most Americans feel powerless.... They want affordability. Mamdani understood that... They want an economy that is working for them.”

democracynow.org/2025/6/26/rob

#ZohranMamdani #USEconomy #WorkingClass #Trump #USPol #NYCMayoralPrimary .

Democracy Now! · “The Economy Is Rigged”: Robert Reich on Zohran Mamdani, The Democratic Party, Inequality, and TrumpPar Democracy Now!
Public
DrALJONES

Interview: The economy Is rigged against working-class people

Robert Reich on Zohran Mamdani, winner of the recent NYC mayoral primary election.

"Most Americans feel powerless.... They want affordability. Mamdani understood that... They want an economy that is working for them.”

democracynow.org/2025/6/26/rob

#ZohranMamdani #USEconomy #WorkingClass #Trump #USPol #NYCMayoralPrimary .

Democracy Now! · “The Economy Is Rigged”: Robert Reich on Zohran Mamdani, The Democratic Party, Inequality, and TrumpPar Democracy Now!
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