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

[MagnarTheGreat]

The US economy is pulling off something historic​

https://www.cnn.com/2024/07/25/economy/us-economy-gdp-second-quarter/index.html

Economic growth in the first half of the year was solid, with the economy expanding a robust 2.8% annualized rate in the second quarter, according to fresh Commerce Department figures released Thursday, which are adjusted for inflation and seasonal swings.

U.S. consumer confidence jumps to a two-year high as inflation eases

U.S. consumer confidence shot to the highest level in two years this month as inflationary pressures eased and the American economy continued to show resilience in the face of dramatically higher interest rates.

apnews.com

 

[Lily Adler]

The Surprising Poverty Levels Across the U.S.

How U.S. poverty differs state by state is vital to understand

time.com

What happens when you don't renew child tax credit.

 

[Lily Adler]

Stock markets plunge as weak US jobs fuel fears

Worse-than-expected employment data adds to concerns that the US is facing a slowdown.

www.bbc.com

 

[Lily Adler]

Why didn't you run in 2016, Liz! Why!

 

[blueharvest]

Fears of U.S. Recession Grow as Stock Markets Crash

Concern over a slowdown in the U.S. economy sent stocks reeling across Europe and Asia on Monday.

www.thedailybeast.com

 

[blueharvest]

 

[Lily Adler]

View attachment 99171

My father refuses this narrative and we got into a big fight over it.

 

[Teelie]

I know too many Republicans who do the same. It's not the corporations raking in huge profits, it's the Democrats fault, somehow.

 

[Lily Adler]

I know too many Republicans who do the same. It's not the corporations raking in huge profits, it's the Democrats fault, somehow.

He blames the politicians and FED for not stepping in to control inflation.

 

[Teelie]

Does he realize Republicans are in control of a good portion of the government?

 

[Lily Adler]

Does he realize Republicans are in control of a good portion of the government?

He now only trusts Trump because he's the only Republican that actually tried to do what he promised. He also didn't vote for Trump in 2016 and got brainwashed between 2018 and 2020. 🙄

 

[MagnarTheGreat]

AI Stock Sell-Off: 3 Tech Stocks to Buy Now

AI stock prices are suddenly falling. Here's how to take advantage of the sell-off.

finance.yahoo.com

Nvidia, Super Micro Computer lead AI trade carnage

Artificial intelligence stocks powering much of 2024's market gains dropped Monday as U.S. recession fears sparked a global sell-off on Wall Street.

www.cnbc.com

Investors are getting a little antsy about the AI bubble triggering a market correction. Elon Musk 2.0 Sam Altman claimed AI is worth 7 trillion dollars.

 

[Teelie]

He now only trusts Trump because he's the only Republican that actually tried to do what he promised. He also didn't vote for Trump in 2016 and got brainwashed between 2018 and 2020. 🙄

Disappointing although the brainwashing that has gone on from 2016 to now has been contagious and spreading. Hopefully that will change after November.

 

[MagnarTheGreat]

Things Are So Bad at Intel That the Boss Is Posting Bible Verses

U.S. trading was a bloodbath on Monday as stocks tumbled, online brokerages went dark, and fears of a recession loomed.

gizmodo.com

Intel has been selling defective high-end processors for a couple of years.

 

[Teelie]

So relieved I went with AMD with my new build. Last one was Intel but that was well before their defective chips were being sold.

 

[squeekness]

View attachment 99171

Yeah. It's called gouging.

 

[Lily Adler]

 

[Lily Adler]

So relieved I went with AMD with my new build. Last one was Intel but that was well before their defective chips were being sold.

It's why I'm choosing AMD from now on.

 

[blueharvest]

 

[blueharvest]

 

[blueharvest]

 

[Lily Adler]

We're a proud and fertile people.

 

[blueharvest]

The United States is not facing an imminent recession. This is nonsense | Robert Reich

The American economy is still growing. There is no reason to panic, despite Trump’s ‘world war three’ comments

www.google.com

 

[blueharvest]

Wall Street sees best day of trading in nearly two years amid recovery rally

Indices rise days after S&P endured worst day in almost two years amid global stock market sell-off

www.theguardian.com

 

[Lily Adler]

It's price gouging!