US and UK central banks expected to keep interest rates on hold amid Iran peace deal

Federal Reserve to make first decision under Kevin Warsh as Middle East hopes ease inflation pressures

The Guardian

: #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.

Me, worry? For US small businesses, Trump’s tariffs are now a non-issue

A year ago it was the hot topic, but business owners have seen there’s a limit to the president’s royal decrees

The Guardian

#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

Michael Hudson: Debts That Cannot Be Paid Won’t Be | naked capitalism

R. C. J. Cranstoun spoke with Michael Hudson ont debt, rentierism, and the geopolitical rift over sanctions, energy, and the dollar system

naked capitalism

/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
---

https://www.nytimes.com/2026/06/13/business/economy-trillionaire-wealth-wages.html

Elon Musk is a trillionaire now. Is that bad for the economy? – Stateside with Kai and Carter https://www.theguardian.com/us-news/video/2026/jun/12/elon-musk-trillionaire-spacex-stock-market-economy #ElonMusk #UsEconomy #UsNews #WorldNews #Spacex
Elon Musk is a trillionaire now. Is that bad for the economy? – Stateside with Kai and Carter

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

The Guardian
America’s Soviet moment: Why Trump is looking like Yeltsin

Is US President Donald Trump closer to Boris Yeltsin or Vladimir Putin? The question is less about personality than about historical function: what kind

IwPost
After SpaceX’s huge IPO, Americans’ financial future will be bound to AI

They’re about to get more AI rammed down their throats, stuck into their pension plans and investment portfolios

The Guardian
US Wholesale Prices Surge 1.1% in May, Highest Annual Gain Since 2022 | Meyka

US producer prices rose 1.1% in May 2026, beating forecasts. The 12-month PPI hit 6.5%, highest since November 2022, driven by energy costs.

PPI of all commodities, and select products derived from fossil fuels, showing big spikes of late, reaching highs last seen in 2022.

#USPol #USEconomy #Inflation