I (and thousands of others) told you so: www.dailykos.com/stories/2025... What Trump’s Embrace of Crypto Has Unleashed www.nytimes.com/2025/12/17/t...

Economists recognize that a growing labor supply boosts the economy. Trump has reduced the incoming supply and with ICE intimidated many more out of it. Attacking legal and illegal immigration may affect the U.S. economy for years to come. Combined with the tariffs, it's Smoot-Hawley on steroids.

This caught my eye: "The US’s bet on AI is now so gigantic that every Maga voter’s pension is bound to the bubble’s precarious survival. AI investment now rivals consumer spending as the primary creator of American economic growth... Without it, US GDP grew only 0.1%."

Maybe If the election were held tomorrow it would be decided by the cost of living. We have another ten months of Trump, possible AI bubble crashing, the crypto scam imploding, banking back to the Wild West after being deregulated to 2006 levels, and any crisis Trump can bungle into a catastrophe.

The AI Bubble: Sociopathic Billionaires in a Race for Extinction www.dailykos.com/stories/2025...

FEDWATCH: “.. since the Fed’s first cut in September last year, the unemployment rate has increased by 0.3 percent, CPI has increased by 0.6 percent, but GDP has decreased by 0.7 percent.”

The US labor market ground to a halt in 2025. The risk in 2026 is that it 'cracks.'

Pick Your Financial Crash prospect.org/2025/12/09/p...

Jerome Powell revealed that staffers at the Fed think the government could be overestimating the number of jobs created by 60,000 each month. The true numbers could be closer to a loss of 20,000 jobs a month. trib.al/Hy0ihvh

“.. Instead, sales of luxury homes in the Big Apple—priced above $4 million—were up by 31 percent in November..” 🤡 @newsweek.com #NYC www.newsweek.com/mamdani-effe...

Treasure of the Sierra Madre, the best B&W movie made in the US, is on Youtube with the missing 20 minutes. Even better than the original release. (not sure if the link works for everyone) www.youtube.com/watch?v=Q5Z-...

www.dailykos.com/.../-Inflati.... or without ads at: aharvey.substack.com/.../inflatio.... A new piece saying when we focus on inflation, we miss the deep crisis ahead.

The survivors were likely killed not for being narco-terrorists and a threat, but for not. Witnesses are inconvenient when you're committing a crime like murder.

www.youtube.com/live/m3tlVqh... "Kidnapped and Disappeared: Trump’s Detention Abuses." House Democrats' Shadow Hearing

Lost in the fog of corruption, murder, incompetence and crazy, the Consumer Confidence Index tanked into deep Covid territory, below what economists were expecting. Black December? www.strata-gee.com/consumer-con...

Banks were deregulated in 1999. Less than 10 years the banksters crashed the world economy. Taxpayers bailed them out and added a few regulations. Oligarchs took their bailout money and bought new deregulation in the political market. The next crash will be very deep. www.ms.now/opinion/trum...

www.wpri.com/new-england/... Ain't it the case....

More than two people on a boat means it's purpose is not to carry drugs. Blowing up the boat and killing everybody may work as a means to conceal the lack of evidence, but it is video documentation of murder.

CATO's report on ICE's increased focus on non-criminals talks about opportunity cost in terms of actual criminals whom ICE leaves alone. But think, too, how much $$ has been shifted into arresting peaceful neighbors away from things like curing cancer (my annotation). www.cato.org/blog/new-dat...

Paul Krugman is catching up. youtu.be/_xB6R5_5FFI?...

Let's learn from what works. My latest. www.dailykos.com/stories/2025...

The creatures outside looked from pig to man, and from man to pig, and from pig to man again; but already it was impossible to say which was which.’ George Orwell, Animal Farm

Bad news from the Michigan Consumer Sentiment Survey

AUGUST TRUMP: “He is going to have problems with Washington like no Mayor in the history of our once great city. Remember, he needs the money from me ... to fulfill all of his fake communist promises.” NOVEMBER TRUMP: "He is actually a really rational person," Showdown score: Mamdani 1, Trump 0.

Was Trump converted to Communism?

“.. $DJT stock has fallen nearly 70% this year and 34.6% in the past month ..” @barrons.com www.barrons.com/articles/djt...

on.ft.com/4p8LViA Oracle’s astonishing $300bn OpenAI deal is now valued at minus $74bn #AI

An economics newsletter you might actually use!! Sign up at UNFTR.com.

www.dailykos.com/stories/2025... The US economy is deteriorating in parallel with the political situation. Appreciation of this fact is clouded in the media. Ignorance is papered over by a disingenuous debate and journalistic equivocation. We need to unlearn some “basic economics.

The oligarchs are oligarching

Often it feels like we are living in a “New Reconstruction” A massive backlash against progress in civil rights. Yet another spasm of white supremacist patriarchic rage.

Good Trouble Lives On: A Day of Action” The US needs a working democracy NOT rule by oligarchs and grifters Sign up here: www.mobilize.us/john-lewis-a...

www.nature.com/articles/s41... High-income groups drive climate extremes worldwide - Nature Climate Change. Of the emissions driving climate change, 67% is attributable to the top 10% of the global income distribution - 20% is due to the top 1%. ‪@heimbergecon.bsky.social‬

Specialized consumer discretionaries decline. economictimes.indiatimes.com/news/interna...

Just a reminder. The US economy was the envy of the world under Biden. All of the rise in GDP post-pandemic was Biden's fault, plus 0.2.

ICE Arrests Farm Workers Involved in Landmark Labor Rights Case theintercept.com/2025/05/05/i...

Credit card delinquincies continuing to rise. Desperate times for more than 10% of the population. #economy #recession

BREAKING 🚨: Crude Oil Crude Oil on track for its lowest closing price since February 2021 📉📉

Trump is crashing the economy. In Q1, the rush to import in front of the tariffs drove net exports down into the negative zone. The US had an economy that was the "envy of the world" 101 days ago. Today there is nowhere to go but down. no paywall for this WSJ article www.wsj.com/economy/us-g...

Please highlight this story. ICE stormed into the wrong house, trashed the place, and made women/girls stand outside in the rain in their underwear. ICE also stole phones, laptops, and cash savings from the family, who moved to OKC two weeks ago. kfor.com/news/local/w...

Living in Seattle, I remember this sudden absence of container ships in the harbor from 2008. Wikipedia has an article "The Great Trade Collapse". en.wikipedia.org/wiki/Great_T... The 2008-09 drop in trade was global, synchronized across the world. Not the case with the Trump Tariff Tantrum.

"At 12:58 pm EST on April 9, 2025, someone placed a perfectly-timed options bet in recent market history. Just 32 minutes before Trump's surprise tariff announcement, thousands of SPY call options ... flooded the order book...." A modest $100,000 bet became $3.6 million in less than three hours."

"A real strategy for reshaping global commerce would come with investment, transition plans, and support for workers. It would build and not just block. But what we've seen so far isn't strategy. It's spectacle. ... Disruption without design." www.dataandpolitics.net/empty-ships-...