thomasvmarino.bsky.social
producing podcast, "Matters of Democracy" dives into the world of politics and economics, offering informed discussions and thoughtful commentary on key news stories and their impact on elections.
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170 posts
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Wealth inequality is huge. Since 201o HNW has capture more. Those over 65 are controlling over 75% of the wealth.
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Trump is still lagging Herbert Hoover's five entries, and George W. Bush's four, although the way things are going, The Donald may soon claim the crown.
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🤮
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GO PHILS! (hoping the Eagles find it hard to schedule...)
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agreed. one of the few adults in the cabinet Scott Bessent staged a high-level emergency intervention with Trump. Markets noticed the crazy
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Maybe some people in the WH that understand MATH. WTF WH appears to have gotten its constants wrong. In fact, ¼ is the elasticity of retail prices. The elasticity of imports is 0.945. If the correct number had been used, the tariff rates would all have been 10% -14%, not crazy pants numbers
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Maybe some people in the WH that understand MATH. WTF WH appears to have gotten its constants wrong. In fact, ¼ is the elasticity of retail prices. The elasticity of imports is 0.945. If the correct number had been used, the tariff rates would all have been 10% -14%, not crazy pants numbers
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I saw the same thing and thought the same.
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Trump doesn't like being 4th. Just wait...
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Trump wants to be the best and #4 on this list isn't good enough.
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S&P Futures starting to approach the GFC sell off levels.
Isreal running to the White House to make a deal at 2:30pm EST 4/7. If they can't get a deal markets will continue to fall.
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The S&P 500 sank nearly 6% today and had its worst week since March 2020. Over the past two days, the S&P 500 has lost more than 10%.😯 🤔 I forget who was president than??
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The S&P 500 sank nearly 6% today and had its worst week since March 2020. Over the past two days, the S&P 500 has lost more than 10%.😯 🤔 I forget who was president than??
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White House press corps to explain how the new tariff rates were calculated:
total exports (xi) total imports (mi), "elasticity of import demand" (ε) and "elasticity of import prices" (φ). Problem one of them = 4, while the other = ¼, so they cancel out. Fancy-looking equation is just scam.
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The S&P 500 sank nearly 6% today and had its worst week since March 2020. Over the past two days, the S&P 500 has lost more than 10%.😯 🤔 I forget who was president than??
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The S&P 500 sank nearly 6% today and had its worst week since March 2020. Over the past two days, the S&P 500 has lost more than 10%.😯 🤔 I forget who was president than??
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trying to pour water on the fire. Bessent urged US trading partners not to retaliate against the new tariffs. interview with Bloomberg TV, Bessent "I wouldn't try to retaliate," and "As long as you don't retaliate this is the high end of the number" I think this is the way you say WTF.
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YOU are an Ironman! there's no allowance for naps or bathroom breaks or other pauses. Back in the day, filibustering members would sometimes wear a diaper or would hide a specimen bottle behind the podium. You apparently didn't need that kind of help; quite the physical and mental feat.
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🤮😡
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I think it has to with bailouts from the GFC, low interest rates, and favorable tax policy for upper income.
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HNW households control more than 50% of all assets and it has accelerated since the bank bail outs of the GFC!
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Since 2010 the curve has accelerated.
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🤮
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not sure where it says the Executive office has authority??? The Elections Clause of the U.S. Constitution empowers states to determine the "Times, Places, and Manner" of congressional elections, but Congress has the authority to "make or alter" state regulations.
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This needs to be broadcast LOUD in the two FL special elections. LOTS of exmilliary in those districts.
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he is going to make a pointless visit to the U.S. space base
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pay attention to the details. CFPB is no more.
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Catch-22, If the information is not classified, then Goldberg can release it. But if wants to keep the info private has to admit that the information is classified, Before Congress yesterday. 3 spoke to Congress under oath, admitting that information not classified = perjured themselves.