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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.
https://x.com/KobeissiLetter/status/1882497791769088453
I disagree with the request to reduce interest rates. To avoid the 1979-80 inflation resurgence, we need to raise rates. Short term stimulus for long term pain is not a good exchange.
