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#inflation

383 post151 partecipanti8 post oggi

I am the peace president. War in the Middle East. I may start it. But I’m anti war. Iran will do what I say because I say so. Haven’t you heard. I’m great. America is great because of me. I am the power and the glory. Isn’t America great yet?
#law #constitution #middleEast
#war #iran middle east
#westWing #tariff
#golf #inflation
#maga #1stFelon
#America
#USA #patriots
#president #musk
#tariff
#socialmedia
#doge
#unitedStates
#Tesla #musk #Trump #charity
#WhiteHouse #genius
#American

Discussione continua

#Trump simplistically blamed all of the #inflation over Biden’s administration* on “energy.”

Then he said, “We’re gonna try to get ‘groceries’ down, right? An old-fashioned term, but a beautiful term…”

( #MyThoughts — it is probably an old-fashioned term for him since he hasn’t needed to buy groceries himself nearly all his life, so he forgot people did that )

*Note: Inflation was pandemic-related and came down over Biden’s term. Also, Biden moved to directly lower energy prices.

/4 of 6 🧵

Working with my #AI assistant for research, I wrote a long-format essay as a rebuttal to #TrumpTariffs. In the essay, I find fault with the #TrumpAdministration logic, math and global risk analysis. I suggest the long-term result of this economic folly, so belligerently introduced, will be #stagflation and it will stick around for a while crippling the US #economy and #GlobalTrade. Ten minute read. The TL;dr is the headline and sub-head. #inflation #recession docs.google.com/document/d/1QQ

Google DocsTrump’s TariffsTrump Tariffs, the Chinese Response; and the Inevitable Stagflation US Administration Miscalculations Threaten Long-Term Grief by Charlie McHenry Rather than just post memes, I thought it important to take a deeper dive into Trump’s tariffs, and their potential impacts on the economy and our liv...

#EU commission proposes 25% counter-#tariffs on some #US imports, document shows

The European Commission proposed counter-tariffs of 25% on a range of US goods on Monday in response to #Trump's tariffs on #steel & #aluminium, a document seen by Reuters showed.

The tariffs on some goods will come into effect May 16 & other later in the year, on Dec 1.

#economy #inflation #recession #Trumpcession #geopolitics
reuters.com/markets/europe/eu-

#UK govt worst case scenario for nationalising water still leaves households better off

Research found an average of 35% of customer bills used to pay for interest on companies’ loans, & to pay dividends to shareholders

You're paying a #PrivatisationTax for #water companies dividends & debt

Publicly owned #ScottishWater doesn’t pay dividends to private shareholders, lost just 8% of revenue in interest payments

weownit.org.uk/news/government

We Own ItGovernment's worst case scenario for nationalising water still leaves households better off | We Own ItIf the government took water into public ownership, it could save customers £3 billion a year. Research shows that debt and dividends is crippling the industry’s ability to fix the sewage crisis.