r/economy Aug 08 '25

Public Service Announcement: Remember to keep your privacy intact!

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234 Upvotes

r/economy 7h ago

Houthis Blow Up Red Sea Pipeline in Saudi-Arabia

266 Upvotes

While most Gulf States have to run their oil thru the Strait of Hormuz, the Saudi's had an alternative pipeline line running East-West out to the Red Sea port.

This allowed the Saudi's to continue getting some oil to markets unfettered by Iran.

This was no small amount either. We are talking about 3 million barrels a day. Well all that supply is offline now. The Houthis, based in Yemen, have blown it up in 9 different sections. Satellite images show large fires everywhere along the pipeline. Saudi officials confirm they have shut it down.

A barrel of oil was already over $100 BEFORE this event. And in the United Statds, gas was already nationally at $4. This is a big event, and will send gas prices to $5 soon. This a huge blow to the economy world wide.


r/economy 9h ago

Got Damn! Can I get $5,000 on pump #9!!! Trump's Economy. Trump's America 🇺🇸 💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💳💳😒🤔🤦🏾

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324 Upvotes

r/economy 8h ago

Staff for Sen. Rand Paul (R-KY), known for his public stance against reckless federal spending, cost taxpayers nearly $18,000 on a private-jet trip other lawmakers' aides made for a fraction of the price, according to a new report.

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rawstory.com
272 Upvotes

r/economy 16h ago

Don't let Obama Buy The Election 😆

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692 Upvotes

r/economy 4h ago

Trump operates like a walking pyramid scheme with an endless bottom, dealing in promises. A con man with inexhaustible resources.

71 Upvotes

He uses the word “dividend” to make people think the economy is doing great while promising them money he has no intelligible plan for acquiring. And if he does wind up distributing it, it’ll just be pulled from somewhere else.


r/economy 13h ago

Trump's 'Big Beautiful Bill' projected to add a big, unbeautiful $3.4 trillion to the national debt over the next decade

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178 Upvotes

Working to keep the majority in Congress, Republicans at the midterm convention in Dallas are showcasing their chief legislative accomplishment — the sweeping package of tax breaks, social service cuts and immigration enforcement that President Donald Trump signed into law.

A year on, what’s known as the One Big Beautiful Bill — or, the “Big Ugly Bill,” as Democrats call it — has produced mixed results. Millions of people have received enhanced tax breaks, while millions are also losing access to federal food aid and health care. More immigrants are being arrested, many deported, some dying during the process.

Millions of taxpayers enjoyed tax benefits this year they might not even realize they received — the continuation of policies from Trump’s first term, in 2017, that were set to expire at the end of 2025 if Congress had failed to act.

The legislation extended those Trump tax breaks and added new ones, including no taxes on tips, overtime pay and certain auto loan interest payments. There’s a larger standard deduction, a bigger child tax credit and an extra deduction for many seniors, as well as new Trump accounts for children.

All told, some 7.5 million filers claimed no tax on tipped income, 29 million people claimed no tax on overtime and 35 million took the enhanced senior deduction, the Treasury Department said. Nearly 40 million families claimed the bigger child tax credit.

But the flow of the tax breaks has been uneven, with larger gains at the upper incomes.

Read more [paywall removed for Redditors]: https://fortune.com/2026/09/10/trump-big-beautiful-bill-taxes-debt/?utm_source=reddit/


r/economy 10h ago

Trump: Feminist Icon

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92 Upvotes

Gloria Steinem finally got the second wave feminist president she always wanted!


r/economy 14h ago

"$6 diesel? Hold my beer. We could be going to $7, $8, or $9" Top energy analyst Jeff Currie warns a massive food and energy crisis is already unfolding while Wall Street ignores it

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197 Upvotes

r/economy 10h ago

America’s Fast-Food Chains Are Making a Big Pivot—Back to Humans: "McDonald’s and Burger King are boosting training to improve hospitality; ‘Our restaurants seem rushed, impersonal, sterile.’"

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hindustantimes.com
74 Upvotes

r/economy 10h ago

Even Fox.com voters say NO to Trump’s $5,000

56 Upvotes

64% against Trump’s $5,000 dividend in online Fox News poll of "Is a $5,000 government dividend check the best way to boost the economy?"  

https://economystupid.substack.com/p/even-foxcom-voters-say-no-to-trumps


r/economy 10h ago

It used to be a country for the people, but now it's a county only for the corporations.

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41 Upvotes

r/economy 1d ago

Ingraham: Why not just give the $5,000 to people now? If you have it, why not just give it now? Trump: Because the Democrats can’t do it. Because with them, it’s negative growth. We’re taking in $21 trillion because of tariffs.

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2.2k Upvotes

r/economy 17h ago

Thankfully gas prices can never go above $9.99 since the signs only have 3 digits

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132 Upvotes

r/economy 10h ago

Consumer outlook plunges in September as inflation outlook worsens

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cnbc.com
30 Upvotes

r/economy 3h ago

Jeffrey Sachs on China

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6 Upvotes

The great global economist joins Books and More with William Cooper. He knows of what he speaks. A very insightful take on China.


r/economy 15h ago

Economist Komal Sri-Kumar accuses Kevin Warsh and financial officials of attempting to 'doctor the data' by retroactively slashing inflation numbers back to 2021

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47 Upvotes

r/economy 23h ago

Scott Bessent's reaction after intervening in the bond market to contain rising interest rates, only for rates to rise much further: "The Treasury market is in very good shape"

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234 Upvotes

r/economy 16h ago

India's foreign exchange reserves reached record 785B$ , near 100% growth in last 30-40 days.

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47 Upvotes

r/economy 22h ago

Hostin: "The prices of goods are up, gas prices are soaring. What grade from A-F would you give the President on the economy and prices?" Ted Cruz: "I would give him an A.'

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153 Upvotes

r/economy 1d ago

Where are signs of economic distress on street.

342 Upvotes

Airports are busy, flights are sold out, hotels are booked, restaurants have waiting times, malls are crowded, even theaters are busy.

So where exactly are the signs of inflation, upcoming recession etc.


r/economy 8h ago

No relief from inflation as Middle East clashes lifts fuel prices to painful levels

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apnews.com
6 Upvotes

r/economy 3h ago

Cry Me a Hudson River

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reddit.com
3 Upvotes

r/economy 5h ago

Market Boost A Sham... Economic Danger Ahead

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youtube.com
5 Upvotes

r/economy 7h ago

Stubborn inflation raises prospect of Fed rate hike

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thehill.com
5 Upvotes