pdxfed
@pdxfed@lemmy.world
- Comment on There Is No Male Loneliness Crisis. What’s Actually Happening Is So Much Darker. 1 week ago:
Yes, the article covers that and more
- Comment on US economy added 50,000 jobs in December, capping off one of the weakest years of job gains in decades 7 months ago:
The administration, if anything though, would want to pull the numbers down, to show weak hiring/job losses as that would compel the fed to more aggressively lower rates. This is because they want to lower rates to juice business profitability and maybe accidentally help a few Americans so they might get reelected. That paradigm is basically changed though because lower rates no longer leads to much job creation delta, businesses hire pretty much when they need to regardless. It’s not 1970.
- Comment on Donald Trump scores 'F' grade on economy: Poll 8 months ago:
Civics, personal finance, debate and English went ungraded as he did not show for a single class of any.
- Comment on FACT FOCUS: Trump says tariffs can eventually replace federal income taxes. Experts disagree 8 months ago:
Oh and we’re not going to tariff luxury cars but do have enormous tariff on jeans and bananas. Wonder who would possibly benefit from such a system design? I’m not very smart so can’t quite put it together, a total mystery.
- Comment on Price correction "worse than 2008" coming to US housing market—analyst 8 months ago:
Housing and sales demand are at least a 6 month boat to start to see changes based on policy and runs much more on interia.
The fed is already starting to cut rates in the summer/fall. Trump will replace Powell in May when his term ends and probably announce it sooner than that, maybe Jan. Mortgage rates will start to drop and the next great reinflation will begin.
Sales started slowing years ago and the only reason why articles like these have started to appear in the last 2 months is the bubble is cracking and will start to affect the broader economy e.g. banks so they have full court press on gov to reduce interest rates for Dec. Getting the average consumer/voter scared helps this.
- Comment on ‘It’s real y’all’: People are sharing their tariff receipts, and my wallet is not ready for what’s coming 1 year ago:
Where are all the “do my own research” mofos now? Would be nice if they did that and learned about economics…
- Comment on Trump tells Walmart to 'eat the tariffs' instead of raising prices 1 year ago:
See: “free market” enthusiast Donald trump