To negotiate a trade deal with the President of the United States, the represetnatives of the government of Switzerland arrived with a "special Rolex desktop clock" and "a 1-kilogram personalized gold bar"
https://t.co/MUMZ9239tK
Real rates declined in the US for 4 decades between the 1980s and the early 2020s. When real rates go down, the share of financial wealth owned by the top 10% wealthiest Americans increases. The new wealth that’s created when real rates go down mostly ends up in the portfolios of the 10% because they allocate a larger share of their portfolio to long-lived assets like stocks and private businesses. These assets are more sensitive to real rate changes. The bottom 90% owns assets like deposits and cars that are less rate sensitive. In other words, the top 10% have more duration in their portfolio then the bottom 90%. When rates go up, as in recent years, the reverse happens.
Who gained and who lost as a result of the secular decline in real rates between 1980 and 2020? Young and poor US households were worse off when rates declined because they had “too little” duration in their portfolios and their capital gains were too small. So they had to cut back on consumption after the rate declines. Older and wealthy US households were better off because they had “too much” duration.
The young had to buy assets, like stocks and houses, at higher prices as a result of the decline in rates. Older households on the other hand were selling assets at higher prices to fund their retirement.
Check out my post on our The Two Cents blog.
Who Gains and Who Loses when Rates Change? https://t.co/wkoInAXDHX
Remember when we learned that our wealthiest and most powerful people were connected to a guy who ran a literal child sex trafficking ring? And then that guy died mysteriously in a jail? And now we just don't talk about it.
"Trump’s unhinged, hateful remarks at the National Prayer Breakfast don’t disgust his evangelical supporters because they share his seething cultural resentment and endless persecution complex. For them, his open contempt for their mutual enemies resonates more than a true sermon." https://t.co/WpAUswMACZ
“Inflation isn’t a fix—it’s fiscal failure. Without serious spending restraint through health care and Social Security reform, dollar debasement becomes the default path of least political resistance,” says Cato’s Romina Boccia.
At a Capitol Hill staff briefing, “When the Bill Comes Due: Rising Debt, Depleting Trust Funds, and the Affordability Crisis,” Cato scholars @RominaBoccia, @JaiKedia, and @veroderugy examined how close the US is to the fiscal inflection point, why markets still assume Congress will act responsibly, and how today’s institutional framework heightens the risk of fiscal dominance.
@AnthonySabatini The trump endorsement is very valuable, actually.
It clearly tells you who not to vote for. Great signal. The best, they're saying we've never had such a high quality signal in US politics.
I've seen a lot of examples like this...
Actively advocating for people to be punished for speaking out against the government.
If this is your opinion. You do not believe in free speech.
As if it were just a little political view he espoused as opposed to clear shame in representing the country. The gaslighting. Hess should be stripped of his ability to rep the USA & sent home.
🎯 Trump would prefer every US athlete travel with a political minder, the way I had a KGB handler with me everywhere I went abroad for the USSR. Criticizing your government is not un-American. Telling Americans they can’t criticize it is.
In the first quarter of 2018, President Donald Trump began raising tariffs on specific goods (like washing machines, steel and aluminum_ and on specific countries (like China, the EU, Canada and Mexico).
In 2025, he imposed more and higher tariffs on many more manufactured goods and more countries.
Manufacturing accounted to 11% of U.S. GDP. when this one-man war on trade began.
By the second quarter of 2025, manufacturing had shrunk to 9.4% of GDP.
@TOHEEBADEWALE14@RpsAgainstTrump How offensive was this brad daigle person? I'm in Texas senate 9 and Leigh wambgans had some terrible, Terrible local press because of patriot mobile and social media posts. So limited external val. , However she did beat another, saner republican. Some col A, some col B
Cash Generic prices still drop as pharmacies buy cheaper and compete on price. But that's another layer to iterate through and not as fast as direct to consumer.
Generic drugs on insurance don't have that same sustained negotiation and constant pressure to iterate down.
We absolutely can make market systems to drive drug prices down. As long as the consumer understands what they're buying and firms can compete. Rx insurance too often prohibits this cycle, or shifts is elsewhere
Fascinating: Eager GLP-1 consumers bypassed the traditional employer-based insurance system and instead turned to cash/direct-payments (+ telehealth scrips), leading to a Big Pharma price war and now cheap brand-name drugs: https://t.co/MjvZHaLKhg
This is what Hess said: “It brings up mixed emotions to represent the US right now. I think it’s a little hard. There’s obviously a lot going on that I’m not the biggest fan of. Just because I wear the flag doesn't mean I represent everything that's going on in the US.”
@kevinaldrich53@FeserEdward@nfergus Loss of confidence from business and allies. Will be hard to win back as we've now proven as a country we would re-elect someone like him. Trump2 has squandered the energy and manufacturing growth from 2020-2024. Surrounds himself with sycophants(eg Miller) and idiots(eg pulte).