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#economics

319 posts171 participants33 posts today
Public *
GhostOnTheHalfShell

7 min

Brian Eno knows more about economics than most economists.

Both wealth and poverty are self reinforcing. Particularly for poverty because fewer resources strip away the capacity to build prosperity . Wealth drives poverty.

Only when the population defends its income and prevents very few from taking so much more than everyone else, only then can everyone enjoy prosperity.

Too much wealth allows very few people to take everything

youtube.com/watch?v=hh7Cxt_PKq

YouTubeBrian Eno perfectly explains selfishness of the super richBy Peeps
#economics
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GhostOnTheHalfShell

23 min
The gist some of the things being said here is that the bookings for shipment from China down 60%. This means that the West Coast ports receiving Chinese goods are going to get very quiet. LA is the primary entry point for goods brought from Asia.

The drop in bookings will be reflected in retail in summer. There is a four month lead on booked shipments to arrive in the US. May and June is when this stuff is going to show itself.

youtube.com/watch?v=33kfpNiiAm

YouTubeAre US Ports Empty and What Impact Does the Tariff Have on Global Shipping?By What's Going on With Shipping?
#economics#uspol
Public
Major Hayden 🤠

Well, uh, the demand for US treasuries (long seen as a safe haven asset as safe as cash) has increased by a lot.

Bear in mind that sometimes these extremes mark the times when people are moving to safety much too late in a market drop. We will have to see how this plays out.

#stocks#markets#finance
Continued thread
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Eric Maugendre

Is borrowing a burden on future generations?
No, it's not: if the borrower is a nation-state, then no person (children or taxpayers) will be asked to repay.

“Paying off the debt” is just the sovereign swapping Treasury securities (savings) for cash. No burden is passed on to persons.

#slogan#quotes#debt
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Emeritus Prof Christopher May

While the banks are trying to kill the cash economy by making it harder to get cash & charging more for receiving it from businesses, the amount of cash in circulation continues to rise.... where is it?

There may be more off-grid saving(s): hoarding cash rather than banking it;

its also likely an indicator of the strength of the causal, off the books economy of local services;

and of course, the illegal (drug?) economy will be a big factor.

Cash remains useful just not to banks!

Chart: Total value of UK bank notes in circulation. shows cash in circulation grow from just over £20bn in 2000, to over £80bn now... with most of the expansion driven by the use of/demand for £20 notes
#economics
Continued thread
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unusual_whales

The state now only trails Germany, China and the US as a whole.

Read more: t.co/k5kbrPevRK

Unusual Whales - News · The Californian economy has overtaken Japan's to become the fourth-largest in the world by gross domestic productCalifornia’s economy has surpassed that of Japan, making the state the world’s fourth largest economy, according to newly released data. Governor Gavin Newsom highlighted figures from the International Monetary Fund (IMF) and the U.S. Bureau of Economic Analysis showing California’s gross domestic product (GDP) reached $4.10 trillion (£3.08 trillion) in 2024, edging out Japan’s $4.01 trillion. Only Germany, China, and the U.S. as a whole now rank higher. “California isn’t just keeping up with
#news#finance#economics
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Alo Japan

alojapan.com/1256676/tokyo-pri Tokyo Prices Jump Most in Two Years, Backing BOJ’s Hike Path #BANKOFJAPAN/THE #DAIWASECURITIESGROUPINC #DonaldJohnTrump #economics #food #government #inflation #Japan #KazuoUeda #news #policy #Tokyo #TokyoNews #東京 #東京都 The pace of inflation in Tokyo accelerated from the previous month to the fastest pace in two years, supporting the Bank of Japan’s rate-hike stance that is now complicated by uncertainty stemming from US tariff measures. Consu…

Tokyo Prices Jump Most in Two Years, Backing BOJ’s Hike Path
Continued thread
Public
unusual_whales

Sales of previously owned homes plunged 5.9 percent from February to an annualized rate of 4 million units, according to data released Thursday by the National Association of Realtors.

Read more: t.co/pJLS1n7AB1

Unusual Whales - News · US existing home sales in March were the weakest since the Great Financial CrisisThe housing market just experienced its weakest March since the global financial crisis, dragged down by elevated borrowing costs and declining consumer confidence in the broader economy. Sales of previously owned homes fell to an annualized pace of 4 million units last month — the lowest March level since 2009 — marking a 5.9% drop from February, according to data released Thursday by the National Association of Realtors (NAR). The decline dealt a blow to hopes for a spring rebound. The slowd
#news#finance#economics
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