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

[MagnarTheGreat]

Court blocks Kroger’s $25 billion acquisition of grocery rival Albertsons​

https://www.cnbc.com/2024/12/10/court-blocks-krogers-25-billion-acquisition-of-grocery-rival-albertsons-.html

 

[blueharvest]

Trump Backtracks On Campaign Pledge To Bring Down Grocery Prices

The president-elect walked back what was always a wildly unrealistic campaign promise.

www.huffpost.com

 

[squeekness]

Trump Backtracks On Campaign Pledge To Bring Down Grocery Prices

The president-elect walked back what was always a wildly unrealistic campaign promise.

www.huffpost.com

Anyone who believed he would is an idiot.

 

[blueharvest]

Trump isn't backing down from his tariff tough talk: 'We have to take it seriously'

Last time, "a lot us thought it was bluster," one expert said. This time around, businesses are ready

qz.com

 

[blueharvest]

Anyone who believed he would is an idiot.

So just Trump supporters, then?

 

[blueharvest]

Bluesky

bsky.app

 

[blueharvest]

"It's the economy, stupid" is never just about the economy

Can the Clinton campaign slogan chart a path forward for Democrats? Its history tells another story.

www.motherjones.com

 

[blueharvest]

'The Next Recession Starts Here': Trump Team Weighs Abolishing Bank Regulators | Common Dreams

President-elect Donald Trump and his advisers are reportedly considering plans to weaken—or abolish altogether—top bank regulators, including the Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency.

www.commondreams.org

 

[squeekness]

'The Next Recession Starts Here': Trump Team Weighs Abolishing Bank Regulators | Common Dreams

President-elect Donald Trump and his advisers are reportedly considering plans to weaken—or abolish altogether—top bank regulators, including the Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency.

www.commondreams.org

They don't care about the little guy getting ripped off by bad banks.

 

[blueharvest]

This economist says the US needs price controls to tackle inflation: ‘We need to dare to think outside the box’

Isabella Weber says economists must design policies that people feel make their lives better – or the US could slide toward fascism

www.theguardian.com

 

[blueharvest]

Whoops! Donald Trump Admits He Doesn’t Know How to Fix Inflation

In fact, his most cherished economic policy will almost certainly make things much worse.

newrepublic.com

 

[blueharvest]

 

[squeekness]

Can't have common folks sharing the spoils.

 

[blueharvest]

 

[squeekness]

Yep. That about sums it up for a lot of people.

 

[blueharvest]

Trump’s DOGE Team Is Asking Potential Appointees If They Can Abolish the FDIC

“Trump is going to create the conditions for another depression,” one critic of the move said.

truthout.org

 

[squeekness]

I can hardly wait.

 

[Lily Adler]

Wall Street is aware of the **** show that's about to happen.

 

[MagnarTheGreat]

Stocks Weaken on Stagflation Concerns

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www.nasdaq.com

Americans may have to actually brace for stagflation with Trump tariffs | CNN Business

Jamie Dimon, head of America’s largest bank, JPMorgan Chase — and commonly referred to as the ‘president of Wall Street’ — spent much of this past year warning that there’s an elevated risk that the US experiences 1970s-esque stagflation, which is when economic growth stagnates while inflation...

amp.cnn.com

Just over a month from now, Trump will have the power to levy tariffs on other nations at the flick of a pen. And once inaugurated on January 20, he has pledged to immediately impose a 25% tariff on Mexican and Canadian imports and increase tariffs on Chinese goods by an additional 10%.

On the campaign trail, he also promised to levy a 10% to 20% tax on all imports and increase tariffs on Chinese goods by at least 60%.

There are some doubts as to whether Trump will follow through with these plans and, instead, use them as a means to negotiate with other nations. However, if these significant, broad-based tariffs go into effect, it could send the US economy back to one of the most painful periods that took over a decade to resolve.

Biden’s legislation will still be boosting GDP for years to come from the Inflation Reduction Act to the Bipartisan Infrastructure bill so there’s that at least though higher prices can still be on the docket from tariffs.

 

[squeekness]

Wall Street is aware of the **** show that's about to happen.

My retirement funds are already crying. Hope I'm not wiped out in four years.

 

[blueharvest]

Federal Reserve is set to cut key rate but consumers might not feel much benefit anytime soon

Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards

www.independent.co.uk

 

[MagnarTheGreat]

Dow plunges by more than 1,100 points after Fed projects fewer rate cuts next year​

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www.cnn.com

 

[Lily Adler]

Brace for impact!

 

[squeekness]

Dow plunges by more than 1,100 points after Fed projects fewer rate cuts next year​

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www.cnn.com

Preview for next year.

 

[blueharvest]