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#useconomy

9 posts9 participants1 post today
Public
Heretical_i

Afaict, Overpriced houses everywhere bought with junk mortgages the stoopids could never really afford and are trying desperately to recoup on by selling are flooding the market in an increasingly desperate middleclass economic situation, approaching critical mass.

Existing #homesales fall to lowest level since 2022

cbsnews.com/video/existing-hom #USEconomy #Housing

CBS News · Existing home sales fall to lowest level since 2022By CBS News
Public
formuchdeliberation

IMF warns of ‘major negative shock’ from Trump’s tariffs | Global economy | The Guardian…

Global lender cuts forecasts for every major economy, with UK expected to grow by 1.1% this year, down from 1.6%... The Guardian #tariffs #useconomy #globaleconomy #trump #IMF #GDP #economics #business #worldnews

formuchdeliberation.wordpress.

for much deliberation · IMF warns of ‘major negative shock’ from Trump’s tariffs | Global economy | The Guardian…Global lender cuts forecasts for every major economy, with UK expected to grow by 1.1% this year, down from 1.6%… The Guardian #tariffs #useconomy #globaleconomy #trump #IMF #GDP #economics #…
Public
John Refior

"Citigroup's Chief Economist Nathan Sheets said on Tuesday the U.S. has a 40% to 45% chance of recession as the economy suffers the impact of tariffs imposed by President Donald Trump on China and other trading partners.

"Sheets expects GDP to grow in the second quarter, pushed by consumers rushing to make purchases ahead of tariffs coming into effect. The largest impact on U.S. growth is expected during the second half of the year, Sheets told clients in a conference call. 'Tariffs are a stagflationary shock to the U.S. economy,' Sheets said."
reuters.com/business/finance/c

#useconomy#economics#tariffs
Public
John Refior

"The interest rate for the most popular U.S. home loan jumped to 6.81% last week, its highest level in two months, following a turbulent week for financial markets as President Donald Trump pressed on with a deepening trade war...

"Mortgage rates closely track the 10-year Treasury note yield, which had its biggest weekly rise last week since 2001.

"The increase in yields reflected a drop in investor appetite for U.S. government debt, and came as Trump suspended some of his newly imposed tariffs even as he boosted levies on China, the biggest U.S. trading partner."
reuters.com/markets/us/us-30-y

#useconomy#economics#housing
Public
Grant

Excellent breakdown by Faisal Islam, BBC Economics editor.
…

“an astonishing U-turn”

“10% universal tariff is now riddled with exemptions”

“the "Art of the Repeal". The 4D chess has been replaced by someone playing one dimensional checkers, but unable to tell the difference between opposing pieces”

bbc.com/news/articles/cde2z6jp
#Trump #USPolitics #BBC #Politics #US #Republican #WorldEconomics #Economics #USEconomy #GlobalEconomy #Kompromat #Krasnov

US President Donald Trump speaks during a meeting in the Oval Office. The president has his hands out and is talking. His wearing a blue suit and a red tie.
www.bbc.comTrump's iPhone olive branch is a significant trade war retreatExempting electronics from US tariffs is a stunning about-turn by the Trump administration after 10 days of chaos.
Public *
beSpacific

Members of #WallStreetJournal #editorial board claimed it is "desirable" to subject #Trump 3rd #impeachment to make up for damage he has done to #USeconomy with his "ill-founded" #tradewar. "A future Trump impeachment seemed all but guaranteed by last Wed morning. It seems only slightly less likely now. It may even be desirable to restore America’s standing with creditors and trade partners." the damage he has been creating since then belies his promise of a "golden age," rawstory.com/trump-doj-2671754

Raw Story · ‘Broken promise, abuse of power’: Conservative WSJ editors slam Trump after latest anticBy Erik De La Garza
Public
DrALJONES

The US can *never* run out of USD.

All Americans could have universal healthcare, housing, education, transport, etc.

Resource availability is the key constraint on fed spending, not money.

Strategic fed spending can lower inflation* not increase it.

The US *creates* USD. Fed spending requires neither taxes nor borrowing.

Debate on US deficits: Stephanie Kelton at Arizona State, April 16 (livestream 8pm ET)

stephaniekelton.substack.com/p

* youtube.com/watch?v=lN12lOC5qGk

#uspol #useconomy .
..2

The Lens · My Upcoming Debate with Stephen MooreBy Stephanie Kelton
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