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https://x.com/DonMiami3/status/1890404164594794515
Saw another statistic that people on fixed incomes (retirees) lost 22% of their purchasing power over the last four years. That’s quite a hit. I told my niece that she’s going to have to work about a third longer than she anticipated because of inflation. I think that really hit home for her.
https://x.com/joma_gc/status/1890179677618335797
You can count on James Carville for some colorful commentary.
https://x.com/KobeissiLetter/status/1889677408250281984
As expected / predicted above. Look at Argentina. When Javier Milei came into office, he immediately cut government spending, but inflation continued to go up for about four months before it began coming down.
https://x.com/LiveSquawk/status/1889751552048366040
From Reason:
In Milei’s first month in office, annual inflation surged to 254.2 percent and peaked near 300 percent in May 2024. But by November 2024, inflation had plummeted to its lowest level in over four years.
But with Democrats and bureaucrats standing in the way of spending cuts (and likely Congress at some point), I don’t see inflation coming down anytime soon. Still don’t know why they don’t repeal the Jones Act. If they do that, even Hawaii might go GOP (they benefit the most from being able to accept goods from US ports on non-US built ships).
Not only that, but it was fraudulent (faked the birthplace so he would qualify).
https://x.com/profstonge/status/1888943503482175622
With the debt at the debt ceiling, there is no room for intervention. This was one of the most cynical plays by an outgoing administration. Really evil stuff.
https://x.com/RealEJAntoni/status/1887507656513839409
Productivity still hasn’t recovered, as real wages are still down.
I agree that adjustments downward are normal. But this seems to be on another level.
https://x.com/RealEJAntoni/status/1887192676409266177
Congress helped create this spending mess.
https://x.com/RealEJAntoni/status/1885002183512383786
Interesting point. The debt fueled juicing of GDP is not sustainable and has already slowed real growth.
https://x.com/RealEJAntoni/status/1884963943736602876
Holiday quarter, so heavy on the consumer spending (as opposed to government spending) contribution to GDP. The drop in investment spending is worrying, however. Unfortunately, both parties are more interested in short-term numbers than long-term growth.
I’m not a big fan of tariffs, but I do understand that we did not have fair trade policies with China. Hence I understood what Trump was doing during the first term. Saying things like we’re going to put tariffs on Taiwan when they are in the middle of providing jobs to ASU engineering grads in Phoenix seems counterproductive. Also, using the developing nation export strategy for growing domestic industry is an interesting tactic. Not sure it will work long term, but the opposite has not worked out well (see the Netherlands, and the UK).
https://www.opm.gov/retirement-center/fers-information/
Federal retirement is not very good compared to California. Basically if you retire after 62, the annuity is 1.1% x years of service of your high 3 years of salary. Plus after 1986, you have to pay into Social Security like everyone else. There’s a TSP option, which is a pretty good 401(k) system.
Shot:
https://x.com/Cartel_Cal/status/1884409521906540916
Chaser:
LA Rises will also receive financial support from California Rises, a statewide recovery initiative founded by the governor and First Partner Siebel Newsom after the 2018 Camp Fire.
