WTH: What the Hormuz Is Going On?
The war against Iran has made the supply of oil low, and if something else happens like a natural disaster to decrease it further…things will be much worse.
https://www.youtube.com/watch?v=QeQwZgWN9dw
Tag: economy
From Kakistocracy to Cheatistocracy
For many years, Republicans have made it easier for wealthy people to cheat on their taxes. WTF?
https://www.youtube.com/watch?v=VUU6jUZKkm0
How Money Actually Works
When the government hires private contractors to deliver welfare, often these companies essentially steal people’s benefits through a variety of mechanisms.
https://www.youtube.com/watch?v=XXpqejgnaB0
Bessent and Trump are going to war with the bond market, but the current interest rate is a bill to be paid, not an enemy to be fought.
Bessent and Trump are going to war with the bond market, but the current interest rate is a bill to be paid, not an enemy to be fought.
https://www.youtube.com/watch?v=wZaYyNAXHK4
Austan Goolsbee Is Worried the Economy Is Overheating
The post-covid inflation was caused roughly 2/3s by supply issues and 1/3 by demand.
The Fed recognizing that the drivers were temporary, meaning they did not need to raise interest rates to crushing levels, and making clear that they were sticking to a specific interest rate target, helped create the soft landing, although the plane didn’t 100% land and instead stayed hovering above the ground. The landing was likely prevented by Trump-driven shocks.
https://www.youtube.com/watch?v=Luudo28Mx5M
Canada Is Done With Trump
The US demanded that Canada give the US control over Canada’s trade policy with other countries. The US also demanded that US companies streaming shows in Canada not be required to order the shows shown to users based on Canada’s cultural preferences. The US wanted Canada to end its Buy Canada program that it put in place in response to US tariffs without offering to cancel the US tariffs that caused this program. The US demanded that the US could change certain terms of the deal at any time.
Ridiculous and demeaning demands on a long-time ally. Ruining such a relationship is not good for the United States.
https://www.youtube.com/watch?v=fhgw3qAxYlY
Something Big is Happening in Russia
Wildberries in Russia actively sold military equipment to Russian soldiers and they did it openly, making it a legitimate military target. Although, economic warfare is probably the main purpose of Ukrainian strikes on Wildberries, which is the Amazon of Russia.
Sanctions and attacking Russia’s shadow fleet have hurt Russia’s economy, but Russia isn’t spending less on its military, it’s just making its citizens worse off.
https://www.youtube.com/watch?v=M7P0jr4Gvl8
Trump to unleash ‘Economic D-Day’ on Iran as blockade bites | Iran: the Latest news
Blockading Iran is hurting them economically. This could get them to the negotiating table, but it could take time and is quite costly for the US to maintain, both militarily, and the economic consequences of Iran mostly closing the Strait.
If Trump did not parade around the world like an asshole, threatening and attacking allies, there could have been a chance of a blockading coalition to help convince Iran the world will not tolerate them terrorizing the Strait of Hormuz. Oh well.
https://www.youtube.com/watch?v=i6KTVkMChG4
Without the W Bush and Trump tax cuts, the US debt-to-GDP ratio would have been much more sustainable.
Without the W Bush and Trump tax cuts, the US debt-to-GDP ratio would have been much more sustainable.
https://www.youtube.com/watch?v=XnHxzDcfmw4
The Bond Market Just Called Trump’s Bluff | Receipts Live
CNN brings fake experts who are more dishonest propagandists than serious intellectuals just so they can have a conservative side in their 5-minute debates.
The Census Bureau is a respected data institution, and the Trump administration has used think tank hacks to produce an obviously bad report under the Census Bureau’s name. This is a dangerous corruption of our data agencies that we depend on to understand our country.
Trump repeatedly said that he would lower or eliminate the debt. He did the opposite.
https://www.youtube.com/watch?v=AhxUeocikHs