Carney walked out of U.S. trade talks at one minute to midnight and called it a war.
It isn’t about tariffs. It’s a midterm operation, and Scott Bessent is fighting the war Carney doesn’t want you to notice.
@shaguncrypto all good points. I've been saying this for a while. Add in 150K capital gains tax, if sold. Also, new buyers are more house poor and have less money to enjoy life and support other businesses. Quality of life has nosedived for most ppl . But hey congrats on the 700K house.
@Matt_Bove I liked the paint around the border of the seats and sections in the renderings of stadium . They left it unfinished concrete . Need to give it a pop
Not to be picky, but the @BuffaloBills should paint the concrete bordering the stands around the stadium. Give it some pop for tv. Blue or Red. I believe they had it in the renderings of the new stadium.
BREAKING: The US Government officially posts its largest July budget deficit in history, at -$432 billion, due to an acceleration in federal spending.
Interest on US debt rose +$26 billion from last July's levels to an alarming $118 billion for the month.
This puts total interest expense for FY2026 up to $1.17 trillion in FY2026.
As a result, interest expense has officially surpassed both National Defense and Medicare spending.
In other words, the US government now spends more money just on interest than it does to fund the entire US Military or to provide healthcare for seniors.
We cannot afford higher interest rates.
Everyone keeps debating “affordability” like it’s some giant mystery...
It’s not. We printed nearly 40% more dollars in two years during COVID. Asset prices and everyday costs exploded as a direct result. Homes, food, insurance, and borrowing costs all reset higher. Mortgage rates that were once near historic lows are now stuck around 7%.
The affordability crisis is the direct aftershock of the largest peacetime money expansion in modern US history — future generations are absolutely cooked.
BREAKING: President Trump's capital gains tax cut discussions include "indexing" capital gains for inflation BEFORE taxes are calculated.
This would mean that taxes would be applied on gains adjusted for inflation.
For example, if you purchased a stock for $100,000 and sold it 5 years later for $200,000.
Under the current system, you would owe capital gains taxes on the full $100,000 gain.
But, if cumulative inflation over those 5 years was 20%, your inflation-adjusted cost basis would rise to $120,000.
This means you would only owe capital gains taxes on the $80,000 REAL gain, rather than the $100,000 nominal gain.
Trump has also suggested exemptions for sales of homes worth $2 million or less from capital gains taxes.
We expect more details soon.