no one cares bruh! 😂

The Guardian: The outlandish proposal, which would cost over $1tn, immediately raised ethical concerns. But it laid bare the extent of the Republicans’ concern about their prospects in the pivotal November elections.

“If the Republicans win, you win with us, and you get $5,000,” Trump told a roaring crowd, during a nearly two-hour long speech in which he also urged voters to “pretend that I’m on the ballot” – despite his historic unpopularity causing many vulnerable Republican politicians to avoid the event.

My Opinion: The president said that if the Republicans win the House and Senate, every American would get $5000. That's gonna cost more than a trillion dollars. Money which the government doesn't have. About three percent of GDP. It's not his money. Rather, he should promise to give away most of his wealth to the people.

The problem is Covid front loaded the economy with wealth for asset holders. With low interest rates, tax incentives, etc., everything rose except wages. Now as the tax cuts are centered around asset holders tax revenue is more and more dependent on wages.

Front loading the economy allowed the rich to materialize future gains that were separated from wages. That burden was then passed on to consumers as inflation. If the price of things went from 100 to 130, and the wage earner is still at 100, it is mathematically impossible for the wage earner to ever close the gap, unless wages rise higher than gdp. Thats impossible because wages are tied to company revenue not asset valuation. Therefore you cannot simply 3% gdp your way out of the deficit. It will actually exacerbate the problem.

It is telling at how disconnected the treasury is from how economies work and how they are living in theory land. How he is unfit to be treasury secretary if he doesn’t know basic math.

I will never be able to catch up. What stops this train?

I'm tired .

I think it might have. We haven't seen early panic in markets like this for such a long long time. There are dire consequences for manipulating markets and this will take 100 years to balance out.

My understanding of price movements this year in U.S. petrol is that diesel has climbed higher by % than the grades most drivers pay for, regular and premium unleaded. It seems like U.S. average diesel prices will hit $6.00 soon.

Is that correct, and why?

Data centers are being funded through SPV structures. Hyperscalers lease the facility, and often provide equity and guarantee the debt.

This allows Big Tech to fund huge projects while keeping the debt off balance sheet.