: #delusionaldon #democrats #donaldthehoaxtrump #economy #eightysix47 #inflation #makebelieveeconomy #nokings #prices #trumpcurse #trumpstein #trumpsteincoverup #trumpublicans #useconomy #uspol #uspolitics @uspolitics :
"I don't think about Americans' financial situation. I don't think about anybody." (an exact quote)
-- Donald J. Trump
TRUMP'S APPROVAL RATING IS IN THE GUTTER
Mastodon Post
Delusional Don is living in a delusional world with a make-believe economy.
“#Obama created the biggest #bondmarket boom in US history, because when interest rates fall, bonds, mortgages, and other credit claims that carry a high interest rate go way up in price. Essentially, the #USeconomy was turned into a #Ponzischeme. The Federal Reserve’s position was: we know there are defaults, so we are going to lend debtors the money to pay, so that they do not default. If they do not default, the banks will not have to write down loans that were made beyond the ability of home buyers, credit card #debtors, and others to pay.”
https://www.nakedcapitalism.com/2026/06/michael-hudson-debts-that-cannot-be-paid-wont-be.html
/2 - (in the same article as the previous post)
"... A.I. feel like something of a Catch-22 for workers: If the technology succeeds in reshaping the economy, they could lose their jobs. If it fails to live up to the hype, their retirement savings could evaporate..."
#USA #US #USeconomy #AI #jobs #StockMarket #retirement #savings #ArtificialIntelligence #AI_bubble
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https://www.nytimes.com/2026/06/13/business/economy-trillionaire-wealth-wages.html

Elon Musk has become the world’s first trillionaire thanks to his company SpaceX, which went public today with a $2tn valuation. Blake Montgomery breaks down what this economic moment means for all of us
US wholesale prices rise 1.1% in May, strongest annual increase since 2022
#Inflation #WholesalePrices #USEconomy #Markets
https://meyka.com/blog/us-wholesale-prices-surge-11-in-may-highest-annual-gain-since-2022-1206/
PPI of all commodities, and select products derived from fossil fuels, showing big spikes of late, reaching highs last seen in 2022.