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Business, Economics, and Taxes 2: That's Why We Fight to Take the Means Back

Paramount has launched a hostile takeover of Warner Brothers, offering $30/share.

They've also announced that Bubbasucker is the only finalist for the new "Paramount Genius Award" to be given sometime in 2026.

That second part might be parody
 
bsky.app

Carl Quintanilla (@carlquintanilla.bsky.social)

NY FED: Percentage of households who think their financial situation will be better off over the next year: Matches a two-year low. @nicktimiraos.bsky.social https://www.newyorkfed.org/microeconomics/sce#/
bsky.app bsky.app

Interesting things to note (and I commented the same on B'sky) on that chart. And yes I know this is nothing more than gas bubbles passing as gut feelings...

- Quite the plateau in financial feel by households during the first Trump administration.
- Despite a bump after the Covid drop, the feeling again plateaus under Trump 1.
- The feeling of "Yay! We can go out again!" has cold water quickly thrown on it when inflation catches up with a year and a half of nothing.
- Things improve under Biden on the back end of his tenure, including a big spike when Kamala appears to be the winner.
- Holy hell that drop when Kamala doesn't win.
 
rufus said:
Why are farmers having trouble selling their crops?

Never seemed to be an issue under Biden or Obama.
Click to expand...
A reporter asked why a bailout was necessary if things were going so well. The answer was that this was a "bridge" to tide them over to next year when the economy really picks up.

It seems they're learning from Jacob Rees-Mogg, who famously said it might take 10 years or more for England to realize the financial benefits of Brexit. "Two weeks" just won't cut it anymore.
 
They have been saying "2026 will be huge" most of the last 2 quarters...2026 is in 24 days! By March it will be "2027 is going to be a boom period!".

2026 will be the start...of a massive downturn. Even tech feels it coming.
 
"Democrats get you out of a depression and into a war."

"Republicans get you out of a war and into a depression."
 
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