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demandside.bsky.social
Covid began in 2020. Trump bungled it into a deep recession. Biden had the economy humming again on January 19, 2025. Trump Crash 2.0 might be two Covids deep. The sooner he is defeated, the better for everybody.
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www.nature.com/articles/s41... High-income groups drive climate extremes worldwide - Nature Climate Change. Of the emissions driving climate change, 67% is attributable to the top 10% of the global income distribution - 20% is due to the top 1%. ‪@heimbergecon.bsky.social‬

submitted 37 days ago • 0 comments

Specialized consumer discretionaries decline. economictimes.indiatimes.com/news/interna...

submitted 39 days ago • 0 comments

Just a reminder. The US economy was the envy of the world under Biden. All of the rise in GDP post-pandemic was Biden's fault, plus 0.2.

submitted 39 days ago • 0 comments

ICE Arrests Farm Workers Involved in Landmark Labor Rights Case theintercept.com/2025/05/05/i...

submitted 39 days ago • 57 comments

Credit card delinquincies continuing to rise. Desperate times for more than 10% of the population. #economy #recession

submitted 39 days ago • 0 comments

BREAKING 🚨: Crude Oil Crude Oil on track for its lowest closing price since February 2021 📉📉

submitted 40 days ago • 15 comments

Trump is crashing the economy. In Q1, the rush to import in front of the tariffs drove net exports down into the negative zone. The US had an economy that was the "envy of the world" 101 days ago. Today there is nowhere to go but down. no paywall for this WSJ article www.wsj.com/economy/us-g...

submitted 44 days ago • 1 comment

www.cnn.com/2025/04/29/b...

submitted 45 days ago • 0 comments

Please highlight this story. ICE stormed into the wrong house, trashed the place, and made women/girls stand outside in the rain in their underwear. ICE also stole phones, laptops, and cash savings from the family, who moved to OKC two weeks ago. kfor.com/news/local/w...

submitted 46 days ago • 1330 comments

Living in Seattle, I remember this sudden absence of container ships in the harbor from 2008. Wikipedia has an article "The Great Trade Collapse". en.wikipedia.org/wiki/Great_T... The 2008-09 drop in trade was global, synchronized across the world. Not the case with the Trump Tariff Tantrum.

submitted 46 days ago • 0 comments

"At 12:58 pm EST on April 9, 2025, someone placed a perfectly-timed options bet in recent market history. Just 32 minutes before Trump's surprise tariff announcement, thousands of SPY call options ... flooded the order book...." A modest $100,000 bet became $3.6 million in less than three hours."

submitted 46 days ago • 0 comments

"A real strategy for reshaping global commerce would come with investment, transition plans, and support for workers. It would build and not just block. But what we've seen so far isn't strategy. It's spectacle. ... Disruption without design." www.dataandpolitics.net/empty-ships-...

submitted 46 days ago • 0 comments

The Atlanta Fed's GDPNow is negative for seven weeks now. That's from before the tariff incompetence/corruption/stupidity.

submitted 46 days ago • 1 comment

Observe the fall and rise of the oligarchs tracks the rise and fall of the middle class. The wealth of the few is a good marker for the misery of the many. The Dot-Com bubble popped for them. But the Feds bailed them out of the GFC (economic ruin for millions) and it wasn't even a speed bump.

submitted 46 days ago • 1 comment

Consumer confidence and consumers' estimate of their present situation both going down, and have been since innauguraiton day 2025. Expect them to go much lower. [Interesting shape to the 'present situation' line, explains political mood.] www.conference-board.org/topics/consu...

submitted 48 days ago • 0 comments