How the Corporate Takeover of American Politics Began | Robert Reich

YouTube

#USpol #USeconomics #IllegalWar #WarOfChoice

- Gas prices are up.
- Heating oil is unavailable.
- Food prices remain up.
- Jobs are down.
- Health care costs are up. Going up. And up.
- Health care workers are leaving the country in droves.
- Farms are suffering due to loss of workers, tariffs, costs, etc.
- Academics are leaving the country.
- Students are being kept out of the country.
- We're at [illegal] war in the middle east... again.

So much 'winning'

Up 5% yoy including coming down from peak transient egg prices. Walmart EPS isn't soaring either. It's likely tariffs or upstream suppliers.
#USEconomics

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NPR shopped for 114 items at Walmart to see how prices changed : NPR
https://www.npr.org/2026/01/14/nx-s1-5638908/walmart-prices-inflation-affordability-shrinkflation

Absent a Trump, I thought we'd be facing a near-term ZIRP future -- something I called over a year ago. The inflation bout lasted longer than I thought, and then Trump was elected. Instead of returning to the slow-recovery period between 2009 and 2020, we face uncertainty. Trump's capriciousness -- it's not a negotiating tactic, people -- makes it impossible to predict the future.

#USPol #USEconomics
https://finance.yahoo.com/news/fed-paper-says-risk-falling-170238768.html

Fed paper says risk of falling back to near zero rates still in play

(Reuters) -The prospect of the Federal Reserve once again setting its short-term interest rate target at near zero levels at some point in coming years...

Yahoo Finance
Regarding what follows, I have no standing in economics but I do know a bit about it, I can do math, and I've read the opinions of a few experts I trust. As far as I can tell this document I link below is word salad. Among many head scratchers in it, one of the considerations proposed for choosing a tariff rate is "Do the nation’s leaders grandstand against the United States in the international theater?" This is not economics, it's petty grievance disguised as policy. Words are cheap. What matters is what these nations' leaders do. The framing this document takes, that the US is somehow cheated by the current global trade arrangement and world order, is false on its face. Again, this is grievance disguised as policy. Anyway, here goes:

As an analyst at Hudson Bay Capital, Stephen Miran authored the blueprint for the tariff strategy the Trump administration is now using:
Tariffs provide revenue, and if offset by currency adjustments, present minimal inflationary or otherwise adverse side effects, consistent with the experience in 2018-2019. While currency offset can inhibit adjustments to trade flows, it suggests that tariffs are ultimately financed by the tariffed nation, whose real purchasing power and wealth decline, and that the revenue raised improves burden sharing for reserve asset provision. Tariffs will likely be implemented in a manner deeply intertwined with national security concerns, and I discuss a variety of possible implementation schemes. I also discuss optimal tariff rates in the context of the rest of the U.S. taxation system.
(emphasis mine)

From https://www.hudsonbaycapital.com/documents/FG/hudsonbay/research/638199_A_Users_Guide_to_Restructuring_the_Global_Trading_System.pdf

Miran became the chair of the Council of Economic Advisors, appointed by Trump, in March 2025. He seems to be a conservative think tank creature too.

#USPol #USEconomics #TrumpTariffs #TrumpRecession #TrumpCrash
The Atlanta Federal Reserve Bank's GDP Now is estimating 2.8% GDP decline in the 1st quarter of 2025 and the 1st month of Trump's presidency.

I'm not a GDP growth at all costs person--I believe we have no choice but to stop the mad obsession with making that number go up--but I do think it's important to note that GDP was growing relatively rapidly (by modern standards) through the end of 2024. This change marks a significant turnaround that looks like it might erase a quarter's worth of growth and then some. Official data release is March 27. I suppose we shouldn't be surprised that an administration whose only policy thus far has been to inflict pain on people would inflict economic pain as well.

2 quarters of this is a recession and 4 quarters of this is a depression by conventional metrics.

#USPol #USEconomics #economy #GDP
GDPNow

Provides a

With Trump and Musk driving U.S. policy, Kansas farmers have been played for suckers • Kansas Reflector

The hard truth is that, like most of the folks who voted for Trump, farmers failed to do their homework about the hard realities.

Kansas Reflector

"Fully assessing the impact of an entity as dominant as Walmart, however, is a complicated task. The cost savings for consumers are simple to calculate but don’t capture the company’s total effect on a community. The arrival of a Walmart ripples through a local economy, causing consumers to change their shopping habits, workers to switch jobs, competitors to shift their strategies, and suppliers to alter their output."

https://www.theatlantic.com/ideas/archive/2024/12/walmart-prices-poverty-economy/681122/

#USEconomics #USpol #Poverty

The Walmart Effect

New research suggests that the company makes the communities it operates in poorer—even taking into account its famous low prices.

The Atlantic

“In the 10 years after a Walmart Supercenter opened in a given community, the average household in that community experienced a 6 percent decline in yearly income—equivalent to about $5,000 a year in 2024 dollars—compared with households that didn’t have a Walmart open near them.”

New research examines more than “low prices” to gauge community health.

Walmart hurts the communities it assimilates.

#USeconomics
#USpolitics
#monopolies
#giftLink

https://www.theatlantic.com/ideas/archive/2024/12/walmart-prices-poverty-economy/681122/?gift=V2Xz1LHbTiPfZ3uourZyW7REJcSz6uA6UdEv69aOVug&utm_source=copy-link&utm_medium=social&utm_campaign=share

The Walmart Effect

New research suggests that the company makes the communities it operates in poorer—even taking into account its famous low prices.

The Atlantic