Discussion: The Economy, Fiscal Cliff, National Debt, And Other Financial Issues IV

[blueharvest]

Powell: Federal Reserve on track to cut rates this year with inflation slowing and economy healthy

Powell, in an interview recorded Thursday for the CBS news program “60 Minutes,” also said the nation’s job market and economy are strong.

apnews.com

 

[MagnarTheGreat]

Mexico overtakes China as the leading source of goods imported by US

For the first time in more than two decades, Mexico last year surpassed China as the leading source of goods imported by the United States.

apnews.com

 

[DJ Kornphlake]

 

[blueharvest]

Bernie Sanders: “The International Billionaire Class Is Making Out Like Bandits”

The Vermont senator denounces the wealth concentration fueling global wars at the expense of everyday people.

www.thenation.com

 

[MagnarTheGreat]

🤷‍♂️

 

[blueharvest]

Wealth disparities by race grew during the pandemic, despite income gains, report shows

A strong performance in financial markets, particularly an outsize gain for the stock market in 2021, helped entrench existing trends of wealth inequality during the pandemic, new data released this week show

abcnews.go.com

 

[blueharvest]

 

[blueharvest]

Why US economy is powering ahead of Europe's - BBC News

A fast-growing economy, low jobless numbers and falling inflation - how the US outpaced competitors.

www.bbc.com

 

[MagnarTheGreat]

Yellen Calls Trump’s NATO Dismissal a Threat to Global Economy

Treasury Secretary Janet Yellen said recent remarks by former President Donald Trump sowing doubt about US commitments to NATO partners could undermine an alliance central to global economic stability.

www.bloomberg.com

 

[DJ Kornphlake]

 

[blueharvest]

California Dem defends call for $50 federal minimum wage: 'Just barely enough'

Rep. Barbara Lee, who is running for US Senate, wants to significantly boost the amount minimum wage workers nationwide are paid.

wgme.com

 

[blueharvest]

Japan Loses Its Spot as World's Third-Largest Economy as It Slips Into Recession

Japan’s economy unexpectedly slipped into recession after shrinking for a second quarter due to anemic domestic demand, prompting some central bank watchers to push back bets on when the nation’s negative interest rate policy will end.

www.bloomberg.com

 

[MagnarTheGreat]

That's a concern right now, that U.S. trading partners aren't doing so hot which can drag down or anchor the U.S. economy eventually as we are interconnected.

 

[MagnarTheGreat]

UK economy falls into recession, adding to Sunak's election challenge​

https://www.reuters.com/world/uk/uk-economy-entered-recession-second-half-2023-2024-02-15/

 

[blueharvest]

UK economy falls into recession, adding to Sunak's election challenge​

https://www.reuters.com/world/uk/uk-economy-entered-recession-second-half-2023-2024-02-15/

Well done, Tories. You've done a fantastic job of steering your nation's economy for the past 14 years.

 

[blueharvest]

New poll shows it's the greedflation, stupid

Even as post-pandemic inflation continues to fall, many Americans still feel the sting of high prices for basic goods, such as groceries. And Republicans are desperate to blame voter unease on President Joe Biden, particularly as consumer confidence...

www.dailykos.com

 

[blueharvest]

Based on Incomes, Americans Are a Lot Better Off Under Biden Than Under Trump | Washington Monthly

Despite a spurt of high inflation that has dramatically receded, Joltin’ Joe’s economy is far more robust than that of his oft-indicted predecessor.

washingtonmonthly.com

 

[DJ Kornphlake]

 

[blueharvest]

Inflation in this country is out of control.

 

[blueharvest]

 

[DJ Kornphlake]

 

[squeekness]

Uhm, duh! What did they think would happen?

 

[blueharvest]

Less people buying from Nestlé is a good thing.

 

[blueharvest]

The Fed may wait too long to cut interest rates and spark a recession, economists say

The Fed could wait so long to cut interest rates that it sparks a recession, some economists say. Earlier, it was slow to raise rates amid inflation

www.usatoday.com

 

[blueharvest]

Guaranteed income is the ‘solution to poverty’ we need across America

Guaranteed income is a critical solution to the poverty that grips too many of our communities — especially Black and Brown communities.

thehill.com