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Economics, and Finance articles. Engine @reddit2telegram Sister channel @r_war
With bipartisan wind at its back, Biden Admin’s aggressive antitrust action could bring lower prices, better products, experts say. But it may take years.
https://thebadgerproject.org/2024/07/17/with-bipartisan-wind-at-its-back-biden-admins-aggressive-antitrust-action-could-bring-lower-prices-better-products-experts-say-but-it-may-take-years/
https://redd.it/1e7khuc
@r_econ
Republicans at RNC blame Biden for inflation. Economists say it's misleading
https://abcnews.go.com/Business/republicans-rnc-blame-biden-inflation-economists-misleading/story?id=112022864
https://redd.it/1e7gbnr
@r_econ
Paul Krugman: Can We ‘Make America Affordable Again’? Should We?
https://www.nytimes.com/2024/07/16/opinion/inflation-prices-economy.html
https://redd.it/1e7isub
@r_econ
The ultra-wealthy just gained $49 trillion in wealth thanks to stocks
https://www.cnbc.com/2024/07/19/population-ultra-high-net-worth-wealth.html
https://redd.it/1e7apgs
@r_econ
Bud Light Boycott Effects Endure—Brand Drops To Third
https://www.forbes.com/sites/aliciapark/2024/07/18/bud-light-boycott-effects-endure-brand-drops-to-third/
https://redd.it/1e73o4q
@r_econ
Trump says he'll end the "inflation nightmare." Economists say Trumponomics could drive up prices.
https://www.cbsnews.com/news/trump-economy-inflation-tariffs-tax-cuts-immigration/
https://redd.it/1e71hn9
@r_econ
Why inflation is expected to fall in the second half of 2024
https://www.morningstar.com/economy/why-we-expect-inflation-fall-2024
https://redd.it/1e6sx2y
@r_econ
Average Chinese national now eats more protein than an American: United Nations
https://www.scmp.com/news/china/science/article/3270808/average-chinese-national-now-eats-more-protein-american-united-nations
https://redd.it/1e6rlje
@r_econ
Elon Musk is donating $45 million a month to the Trump campaign
https://redd.it/1e6pxs2
@r_econ
The U.S. government wants to crack down on apps that let people get their paychecks before payday
https://fortune.com/2024/07/18/access-paychecks-early-before-payday-loans-cfpb-consumer-financial-protection-bureau/
https://redd.it/1e6kyh1
@r_econ
Average Chinese national now eats more protein than an American: United Nations
https://www.scmp.com/news/china/science/article/3270808/average-chinese-national-now-eats-more-protein-american-united-nations
https://redd.it/1e6i4sg
@r_econ
More teens are working. Here's why a job is 'becoming more compelling' for them, economist says
https://www.cnbc.com/2024/07/18/why-teen-summer-jobs-are-becoming-more-compelling-economist-says.html
https://redd.it/1e6e7lu
@r_econ
Jamie Dimon says whoever is elected president can’t sit in denial and must realize ’we have a problem' with national debt
https://fortune.com/2024/07/18/jamie-dimon-next-president-address-national-debt-market-crisis/
https://redd.it/1e693j1
@r_econ
Secessio Plebis - Between quiet quitting and not having children, have ordinary people given up on the economy, and withdrawing from public life like the Roman Plebs?
https://www.historydefined.net/secessio-plebis/
https://redd.it/1e6a9vi
@r_econ
Wealth in Turkey grew the most in the world at 157% despite soaring inflation, according to ranking
https://www.cnbc.com/2024/07/17/turkey-lands-first-place-for-wealth-growth-in-global-ranking-despite-soaring-inflation.html
https://redd.it/1e68ory
@r_econ
Housing affordability is getting worse in 2024 battleground states
https://www.foxbusiness.com/economy/housing-costs-have-nearly-doubled-key-swing-states-since-2020
https://redd.it/1e7h2b2
@r_econ
Trading Disrupted, Bankers Go Home After Outages Sweep Globe
https://finance.yahoo.com/news/trading-desks-disrupted-bankers-home-104612630.html
https://redd.it/1e7bno4
@r_econ
if the central bank buys government bonds, is there an increase or decrease in the supply of money?
http://idk.com
https://redd.it/1e73fo0
@r_econ
US Initial jobless claims increased over forecasts.
https://www.bloomberg.com/news/articles/2024-07-18/us-initial-jobless-claims-increase-by-more-than-forecast?srnd=homepage-uk
https://redd.it/1e74wrb
@r_econ
Blackstone to acquire Ancestry.com for $4.7 billion, giving investment firm total ownership of all DNA from every person who’s ever used the service
https://redd.it/1e73f1q
@r_econ
Why Bernie Sanders Is Thanking Elon Musk: Musk has done "an exceptional job of demonstrating a point that we have made for years—and that is the fact we live in an oligarchic society."
https://www.commondreams.org/news/elon-musk-donald-trump
https://redd.it/1e6y506
@r_econ
Are we in a Stock Market Grift Bubble
In 2024 the world's richest person is Elon Musk. The lions share of his wealth comes from a company, Tesla, that lost money for 18yrs before turning its first profit in 2020. Profits since 2020 have been so slim that in 2023 the company had to do layoffs to stay profitable.
And the likely next President of the US has a 58% ownership in a company that has $5M in annual sales, loses money and has a market capitalization of (as of 7/18) $6.78B. It is in an industry that is 20yrs old and the company offers no unique technology or user experience.
Am I missing something here? Are these stocks as valuable as the all knowing market claims they are?
https://redd.it/1e6rqh2
@r_econ
The Future Belongs to American Companies, Not Necessarily to Americans
https://www.bloomberg.com/news/articles/2024-07-18/ai-revolution-boosts-market-value-of-us-companies
https://redd.it/1e6jknn
@r_econ
US appeals court blocks all of Biden student debt relief plan
https://www.reuters.com/world/us/us-appeals-court-blocks-all-biden-student-debt-relief-plan-2024-07-18/
https://redd.it/1e6k8h1
@r_econ
With bipartisan wind at its back, Biden Admin’s aggressive antitrust action could bring lower prices, better products, experts say. But it may take years.
https://thebadgerproject.org/2024/07/17/with-bipartisan-wind-at-its-back-biden-admins-aggressive-antitrust-action-could-bring-lower-prices-better-products-experts-say-but-it-may-take-years/
https://redd.it/1e6h20m
@r_econ
It would have been better if we did let the recession of 2008 run its course
The financial system in 2008 collapsed because it was unhealthy. Full of zombie companies, overvalued houses/stocks etc. If the recession of 2008/9 had been allowed to run its course it would have been painful - but after we would have had a more or less healthy economic system for the next half a century.
By printing unimaginable amounts of money and doubling the debt since 2010 - all they have done it to push back the problem without adressing any of the underlying issues.
As a result our economy is still unhealthy and a worse recession just a matter of time. Its like a patient that had a bad tooth that needed to be pulled - but they just injected him with unhealthy doses of antibiotics so that they wouldnt have to pull the tooth. Now everything is worse - but they still need to pull the tooth.
https://redd.it/1e699uq
@r_econ
Trump turns up heat on Fed ahead of expected rate cuts: 'It's something that they know they shouldn’t be doing.'
https://finance.yahoo.com/news/trump-turns-up-heat-on-fed-ahead-of-expected-rate-cuts-its-something-that-they-know-they-shouldnt-be-doing-141440157.html
https://redd.it/1e66t4x
@r_econ
Biden announces plan to cap rent hikes
https://www.bbc.com/news/articles/c1we330wvn0o
https://redd.it/1e6a5jv
@r_econ
Elon Musk the world richest person, is donating $45 million a month to the Trump campaign, is America democracy for sale to Trump billionaire Friends
https://redd.it/1e6465n
@r_econ