I read an interesting article about California’s debate over taxing billionaires. It shows how people have different views on wealth, taxes, and helping society
capitalandmain.com/billionaires-s…
Looking at 5+ years of core inflation above target explains why the average household feels squeezed despite strong unemployment figures. Cumulative price increases are taking a real toll on main street
1/6
A popular narrative is the Fed will make a mistake by hiking into a supply shock ("The Fed cannot print oil!")
Wrong metric!
Core PCE has run above 2% for 65 months.
This suggests something bigger is happening and focusing on near-term oil/diesel spikes misses it.
🧵
Jamie Dimon, CEO of JPMorgan Chase, on whether China is beating America 🇺🇸
“That’s a real stretch. China has a $15,000 per-person GDP. The U.S. is $85,000, with the most dynamic economy and prosperous the world has ever seen.
We have 40 military alliances, 140 economic alliances. They have one. They’ve done a great job in so many things, but they still import 10 million barrels of oil a day.
Are they going to be the best economic or military alliance for a lot of people out there who are mad at America? Probably not. So, you know, I’d take a deep breath on that one.”
INBOX
I’m told Amy Acton's booth, where she manufactured an "attack," was not cleaned up and is reportedly the last remaining booth on site.
Garbage and trash everywhere.
These photos were taken yesterday.
A perfect representation of Democrats' vision for America.
Good morning.
Have to disagree with Mohamed here.
This is the most straightfoward FOMC meeting in years.
The Fed has woefully failed on their mandate of delivering price stability and are far behind the curve.
66 consecutive months is long enough.
The rate hikes are coming.
Good morning.
This week’s Federal Reserve policy meeting may well be the trickiest in years.
Ironically, it’s less about what’s happening in the economy and more about a sudden shift in rate-hike expectations, driven by thre surge in yields ... that has less to do with the Fed
🚨 JUST IN: More than a BILLION federal dollars for L.A.’s homeless crisis is under investigation. Mayor Karen Bass could face a SUBPOENA after declining to testify before the DOGE subcommittee.
California spent $24 BILLION in five years on homelessness. The population still grew by 30,000. L.A. homelessness up 8% while Bass claims numbers are down.
WHERE DID THE MONEY GO?
About $22,000 per year per homeless individual. Continuum of care: $1 BILLION over five years. No accountability. Zero results. Bass: “unavailable.” Says she doesn’t control the housing authority. Trump suspended a billion in aid. A judge released it anyway.
Four years as mayor. Streets still show the truth. Taxpayers deserve receipts. Subpoena her.
FOLLOW THE MONEY. CLEAN UP L.A.
Iran is raising the stakes around the Strait of Hormuz, warning ships they could face sanctions if they enter a new restricted exclusion zone outside the critical waterway.
The announcement comes after the U.S. launched strikes on three Iranian oil tankers, which followed Iran
🚨 IT’S OFFICIAL: After almost TWO Decades Nike will be REMOVED from the S&P 500 INDEX. Wow
Such an ICONIC Brand went nothing but downhill after going WOKE
GOOD RIDDANCE
Nike To Be REMOVED From The S&P 100 After Stock TOTALLY Collapses…
Instead of just focusing selling shoes and clothes, they embraced Dylan Mulvaney. Kaepernick, and DEI.
They were blinded by their ideology and betrayed their customers in the process.
Now they’re paying the price.
A once iconic brand has now been totally destroyed by wokeness.
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