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

According to the email I received from the Social Security Administration, the COLA for 2026 will be 2.8%.

Assuming we still get payments in 2026...
 
China has overtaken the US to retake Germany’s largest trading partner. One of Biden's achievements was to whittle down China's lead there and finally overtake them. Enter Stumble Baby and it is all thrown away.
 
ScoobyDoo said:
Well, we can pretty much apply that label to every journalist who is working right now. Bari Weiss may be the biggest fraud of them all and she sold her Fraud Publication to CBS for $150 million dollars and got her self placed as the head of CBS News.

The 4th estate is dead. Everyone is praising them for walking out of the Pentagon today. That's funny. They don't do anything anyway so what difference does it make? Another boat was shot in the Caribbean today by the Autocrat. Who cares? Nobody. I've heard reporting but it doesn't matter.

I think reporting matters when it actually pressures people in power to change their behavior. That's over. The Congress does not care. Schumer does not care. Johnson does not care. Thune sure in the fuck does not care.

The American public saw that their Democracy was burning down so they decided to vote in the arsonist who poured all the accelerant on the fire.

Maddow can rot in hell for all I care but on the long list of problems she's in the least list.
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You and Maddow, lmfao!

Journalist? Working for a major corporation that is aligned with the State. Do you mean a Fascist mouth piece?
 
MichVandal said:
We need more consumers buying stuff to grow the freaking economy. Not rich people hoarding money.
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We would do that by moving wealth from the 1% to the middle 50%.

The GOP has accomplished nothing since Reagan except moving wealth from the middle 50% to the 1%.

Inequality is not a bug for these people. Mass poverty is not an unforeseen consequences,
 
Who saw this coming?

AI is driving the stock market to record numbers while at the same time laying off hundreds of thousands of workers. Meanwhile SNAP is dead, and health care subsidies are dead.

All hail our corporate overlords.
 
The fed will cut the rate this afternoon. Wall Street has priced in a .25% drop. Expect it to be another wild day on the market. Krasnov's appointee is expected to vote for a 1.25% cut but that won't happen.

I keep reading that this cut will be a good thing for people paying off credit cards. There was a similar rate cut in September. Did anyone have their credit card rate cut to match? I know the rate on my savings account was slashed before close of business that day and I expect another today. But credit cards? Notsomuch.
 
Two men are taking a walk after lunch. They see a bug on the sidewalk and one says, "I'll pay you a million dollars to eat that bug." So the other man picks up the bug and eats it. As promised, the first writes a check for a million dollars.

As they continue walking they see another bug. This time the second man says that he will pay a million dollars if his friend eats the bug. So he does. As promised, the second man writes a check for a million dollars.

At the end of their walk the two men congratulate themselves on both making a million dollars.

Now replace the men in that story with executives from Nvidia, OpenAI, Amazon, Microsoft.... The whole thing is an incestuous house of cards and when the bubble bursts we'll all be screwed. Except them, of course. They'll be insulated by golden parachutes and government bailouts.
 
ticapnews said:
The fed will cut the rate this afternoon. Wall Street has priced in a .25% drop. Expect it to be another wild day on the market. Krasnov's appointee is expected to vote for a 1.25% cut but that won't happen.

I keep reading that this cut will be a good thing for people paying off credit cards. There was a similar rate cut in September. Did anyone have their credit card rate cut to match? I know the rate on my savings account was slashed before close of business that day and I expect another today. But credit cards? Notsomuch.
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So does it really matter that you go from 17.5% to 17.25%?

Especially when people have less money to spend on more stuff, so they are charging more to the future....

Still..... Lots of things to be upset about, but I have already posted that rant a few times.
 
MichVandal said:
So does it really matter that you go from 17.5% to 17.25%?

Especially when people have less money to spend on more stuff, so they are charging more to the future....

Still..... Lots of things to be upset about, but I have already posted that rant a few times.
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17.5%? What dream world is this? I have an 811 credit score and my offers start at 22.49%

The quarter point matters so little the banks don't bother to lower it. 😉 They'll be happy to collect a few extra dollars. But ask for it to be lowered and they'll raise holy hell.
 
ScoobyDoo said:
I haven't been scared since 2008. I'm scared.
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The cut has already been priced in. The market is at an all time high. It should plummet about 2:01 ET. I'm reshorting SPY around noon. By close of business my play money will either be gone or I'll be looking at villas on the Mediterranean coast. (That might be a slight exaggeration)
 
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