The Economy

[icanhelp1]

An administration official thanked dear leader?

Say it ain't so!

Unlike Biden, the fake one, not everything that comes out of this White House is a lie. The fact you believe that is testament of your deep exposure to years of extreme brainwashing.

 

[ll74]

Unlike Biden, the fake one, not everything that comes out of this White House is a lie. The fact you believe that is testament of your deep exposure to years of extreme brainwashing.

Lol

Praise of dear leader is a lie. It's required.

If they don't, they are fired. That os public record.

You ignoring that is your own issue.

 

[Lazaran]

A very good commentary and prophetic about wealth aggregation and inequality. The comments on the institutions that are trying to help consumers needs amplification to keep them independent. From wages and prices to asset growth, a good 22 minute summary. Prophetic as well when looking f/x, current wage arguments, wealth accumulation, etc.

The conversation has been ongoing for quite some time. Pikety did a lengthy discussion in Capital.

If you're suffering from insomnia, here is a lengthy read with a summary link.

https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Century

https://aier.org/article/understanding-thomas-pikettys-capital-in-the-21st-century/

Curious what you took from that ^ article you shared???



All I got was Charlie Brown’s teacher talking…

It was a masturbatory exercise (at best) that seemed to be excusing the GROSS wealth inequality that CURRENTLY exists under the CURRENT capitalist system.

I won’t go into the FACT that the author totally ignored wealth inequality based on race (racial wealth disparity) that can be directly tied / attributed to the concentration of capital & assets (largely) in the hands of white Americans:

“In 2022, the median White household held $284,310 in wealth, more than six times that of the median Black household at $44,100 and 4 times that of Hispanic households at $62,120. Black households have a wealth gap of 85% compared to White households, and Hispanic households have a wealth gap of 78%.”

AND the FACT that THREE individuals CURRENTLY control more wealth than the bottom 50 percent of Americans:

https://www.forbes.com/sites/noahki...wealth-than-bottom-50-of-country-study-finds/

The author appeared to be trying to convince "someone" that things under the CURRENT capitalist system aren’t really that bad, I.E: “Don’t believe your lying eyes (brain/ mind), believe me instead”…



I disagree: Things are “FUBAR on a credit card” that the "capitalists" (corporatists?) will make the working class pay off.

And then there is the environmental impacts related to the deregulations of the CURRENT (DonOld’s) capitalist system that WILL have a monetary cost down the road (the impacts from the financial deregulations under the CURRENT (DonOld’s) capitalist system will likely hit sooner)…



We. Told. Them. So.

 

[heathrowinneo]

Curious what you took from that ^ article you shared???



All I got was Charlie Brown’s teacher talking…

It was a masturbatory exercise (at best) that seemed to be excusing the GROSS wealth inequality that CURRENTLY exists under the CURRENT capitalist system.

I won’t go into the FACT that the author totally ignored wealth inequality based on race (racial wealth disparity) that can be directly tied / attributed to the concentration of capital & assets (largely) in the hands of white Americans:

“In 2022, the median White household held $284,310 in wealth, more than six times that of the median Black household at $44,100 and 4 times that of Hispanic households at $62,120. Black households have a wealth gap of 85% compared to White households, and Hispanic households have a wealth gap of 78%.”

AND the FACT that THREE individuals CURRENTLY control more wealth than the bottom 50 percent of Americans:

https://www.forbes.com/sites/noahki...wealth-than-bottom-50-of-country-study-finds/

The author appeared to be trying to convince "someone" that things under the CURRENT capitalist system aren’t really that bad, I.E: “Don’t believe your lying eyes (brain/ mind), believe me instead”…



I disagree: Things are “FUBAR on a credit card” that the "capitalists" (corporatists?) will make the working class pay off.

And then there is the environmental impacts related to the deregulations of the CURRENT (DonOld’s) capitalist system that WILL have a monetary cost down the road (the impacts from the financial deregulations under the CURRENT (DonOld’s) capitalist system will likely hit sooner)…



We. Told. Them. So.

if you ever read Pikety, his work can be long and laborious. Keep in mind that Pikety is French and studies the history in Europe as a baseline. In Capital, I found his work to provide a lesson of history repeating itself. Capitalism driving wealth for some while others labor to survive. It is an oversimplification of the lengthy work but I will use it as a tv guide synopsis.

I also look at the repeating of history but not so much as an on o off switch but rather a lesson to be learned in that pure capitalism is harmful to society as more assets are aggregated by the few. Communism just spreads the misery for all. The tween aspect of some government oversight and help is necessary with private industry driving some of the economy. Some services should be provided by the government, such as local government services and some at a higher level for those in need and basic healthcare.

 

[Lazaran]

if you ever read Pikety, his work can be long and laborious. Keep in mind that Pikety is French and studies the history in Europe as a baseline. In Capital, I found his work to provide a lesson of history repeating itself. Capitalism driving wealth for some while others labor to survive. It is an oversimplification of the lengthy work but I will use it as a tv guide synopsis.

I also look at the repeating of history but not so much as an on o off switch but rather a lesson to be learned in that pure capitalism is harmful to society as more assets are aggregated by the few. Communism just spreads the misery for all. The tween aspect of some government oversight and help is necessary with private industry driving some of the economy. Some services should be provided by the government, such as local government services and some at a higher level for those in need and basic healthcare.

Sorry, I was referring to the article by Michael Munger you shared (your second link), not the wiki entry on Pikety.

I guess I don’t know what to make of you posting that article by Michael Munger???

 

[heathrowinneo]

Sorry, I was referring to the article by Michael Munger you shared (your second link), not the wiki entry on Pikety.

I guess I don’t know what to make of you posting that article by Michael Munger???

another interpretation of pikety. Ive should have clarified.

 

[Lazaran]

another interpretation of pikety. Ive should have clarified.

Well my interpretation of Munger’s interpretation of Pikety, is that Munger’s interpretation is pure garbage.

And after checking out who Michael Munger was, I was NOT surprised to discover that he was a "Libertarian".



We. Told. Them. So.

 

[ChloeTzang]

When all's said and done, it's always the economy

 

[Lazaran]

When all's said and done, it's always the economy

Yeah,

WE. TOLD. THEM. SO.

 

[heathrowinneo]

Well my interpretation of Munger’s interpretation of Pikety, is that Munger’s interpretation is pure garbage.

And after checking out who Michael Munger was, I was NOT surprised to discover that he was a "Libertarian".



We. Told. Them. So.

agree. I do read others perspectives and views to understand their opinions and gain perspective. I dont agree with some of their works claims but it is interesting to see ow they develop their arguments.

 

[MajorRewrite]

Here’s why everyone’s talking about a ‘K-shaped’ economy

“Those at the bottom are living with the cumulative impacts of price inflation,” said Peter Atwater, an economics professor at William & Mary in Virginia. “At the same time, those at the top are benefiting from the cumulative impact of asset inflation.”

This year, however, inflation-adjusted wage growth has weakened as hiring has fallen, with the drop more pronounced for lower-income Americans. Their wage growth has plunged to an annual rate of just 1.5%, the Minneapolis Fed found, below that of the highest earning quarter of workers at 2.4%.

Driven by big gains for companies like Google, Amazon, Nvidia, and Microsoft, the stock market has risen nearly 15% this year. But the wealthiest 10% of Americans own roughly 87% of the stock market, according to Federal Reserve data. The poorest 50% own just 1.1%.

The rapidly rising wealth of the “haves” fuels further price increases of assets (real estate and stocks) because that’s what the wealthy spend money on. And asset price increases mean more wealth for the wealthy. It’s a self-supporting spiral (bubble), but precarious. Bubbles pop.

 

[Chadrone]

The rapidly rising wealth of the “haves” fuels further price increases of assets (real estate and stocks) because that’s what the wealthy spend money on. And asset price increases mean more wealth for the wealthy. It’s a self-supporting spiral (bubble), but precarious. Bubbles pop.

Which is fine until a government steps in and says "ohhh that bubble is TOO BIG to pop, we gott prop it up at the grandkids expense." then you start down the golden brick road to hell.

 

[Buffalogurl]

Here’s why everyone’s talking about a ‘K-shaped’ economy







The rapidly rising wealth of the “haves” fuels further price increases of assets (real estate and stocks) because that’s what the wealthy spend money on. And asset price increases mean more wealth for the wealthy. It’s a self-supporting spiral (bubble), but precarious. Bubbles pop.

Welp it seems that the Japanese are once again having an "episode" of the monetary flavor as of 12:27 this morning their bonds/bond markets are spiking..... the 2 year yields are jumping up the the highest since the run up to the global financial crisis....... (personal opinion) ........ the shit storm starts in Japan.....that and no one with an I Q above room temperature at this point in time would trust any government to loan money to...... there's more.....

 

[Buffalogurl]

The fiasco at the CME Friday warrants a "look see" after the shut done of trading....apparently someone in Asia contacted the cme demanding delivery on silver the contracts they possessed...... spiking a 3% in silver prices..... the "shutdown" was due to a "cooling issue" a data center ....
Here are the contract numbers.... the AP, COMEX and most likely the LBMA stood for physical delivery of 12,443 metric tons of silver..... welp there just isn't that much silver in their possession....these filthy heathens are selling silver at a 100 to 1 ratio... on paper...... as a result someone phoned their cousin at the federal reserve and "borrowing 24 billion dollars to settle the demand...... @ 5 % interest this event has (just off the cuff) 120 million dollars in interest.... give or take...
Remember the "good honest" traders that own the cme have a contract clause that states..... if the cme is not able to provide the physical commodities, at the cme's discretion they can settle to demand in US dollars.... thus fucking the owner of the contracts......
Also just after this shitfuckery gold trading was halted as well. Someone in Asia demanded delivery on 800 billion dollars of gold contracts ... rather than default they shut' er down......
Side note...... and the tribe can't understand why they are despised......go figure......

 

[RobDownSouth]

Saw that Tesla's "profits" are entirely driven by unrealized gains in sketchy crypto speculation. This will not end well.

oh, and speaking of "sketchy crypto speculation", the Melania Trump crypto coin, offered to the the public at $10 this year, tanked on Friday and now has a value of ....wait for it.... 2 cents.

Teh power of unregulated capitalism!

Sadly, trading in the crypto coin has been suspended, so those that "buy on the dip" cannot invest and make a forCHAN when it recovers.

 

[heathrowinneo]

https://www.cnbc.com/2025/12/01/-health-care-expenses-trade-offs.html

Another part of the affordability matter. Business owners having to spend more to provide health care. From dealing with tariffs and rising costs and now additional burden for health care benefits. Employees also feeling the pinch reducing their take home payday as well. Some are having to trade off 401k deposits or other items. Overall, costs continue to climb affecting most Americans on the lower end of the "K" curve.

 

[Lazaran]

agree. I do read others perspectives and views to understand their opinions and gain perspective. I dont agree with some of their works claims but it is interesting to see ow they develop their arguments.

It seems they develop their arguments by starting from / with the premise that GROSS wealth disparity / the concentration of wealth in the hands of the few is OK / GOOD (and deserved).



We. Told. Them. So.