A hub for independent voices and hard truths
Chinese exporters are actually cutting prices for U.S. importers to remain competitive under the heavy tariff burden. This is an attempt to "share the pain" of the 45%+ tariffs just to maintain a foothold in the American market. To protect …
Chicago homeowners are getting HAMMERED with $700 higher property tax bills so the Hyatt Regency could pocket a $150 MILLION break. And guess who owns Hyatt? JB Pritzker’s family. You pay more. His empire pays less. pic.twitter.com/KVPWFIU5IR — Darren Bailey …
France is staring at a fiscal standoff that feels less like governance and more like extortion. Prime Minister Gabriel Attal has been told he cannot pass a budget or even remain in office without Socialist backing. Their price is blunt: …
U.S. firms are carrying most of the tariff cost for now, holding prices steady and shrinking margins. “American businesses have been absorbing Trump’s tariffs so far, but eventually the burden will be shifted on to American consumers” — Fed Chair …
Japan is at the heart of the global rise in long-term yields. To be honest, I'm surprised the rise has been allowed to be as rapid as it has. At 240% debt to GDP, Japan really can't allow long-term yields …
1/5 So, the @federalreserve has allowed inflation expectations to become COMPLETELY unhinged, yet again, which means, soon, a surge in inflation is coming to a grocery "shelf" near you/me. Yet, instead of the folks who "have a voice" demanding to …
Illinois will impose the nation’s seventh-highest state and local tax burden on residents in 2025. Taxpayers on average will pay over 10% of their annual income to support government, according to WalletHub. Tax Day is coming, but the income tax …
The "sandwich generation" is getting squeezed hard. With long-term care costs skyrocketing—nursing homes averaging over $100k annually—millennials and Gen Xers are stuck footing the bill. Government programs like Medicare don't cover most long-term care expenses, and Medicaid's… — Riz.eth (@rizethereum) …
Isn't it odd that the US Census released this data right after the US elections? Around a 4.6 MILLION immigrant increase since 2020 compared to the previous lies Total increase since Biden flooded the border, 7.2 MILLION. Do the math, …
Discussions are ongoing regarding the elimination of “double-taxation” on Americans living abroad, a move that has gained notable support, particularly from Republicans Overseas. The group emphasizes former President Donald Trump’s endorsement of ending this practice, which burdens expatriates. Current tax …
5-year correlation of USD/JPY v. 10y UST yield suggests 10y yield could head back toward 5%. Problem is US can't afford Interest, Entitlements, & Cold War 2.0 at a 5% 10y w/o more USD liquidity. Translation: Weak JPY is as …
via NYP: President Biden unveiled his election-year budget pitch Monday, calling for $5.5 trillion in tax increases by raising rates on the wealthy and corporations — while spending $7.3 trillion on defense, federal benefit programs, affordable housing and student debt …
The U.S. national debt continued to soar in 2023, surpassing $33 trillion. It’s still rising rapidly. The U.S. Treasury Department estimates the national debt at $33.87 trillion, but the deficit figures for December could put the figure over $34 trillion. …
“By inducing their students to borrow from the government, higher education institutions collect vastly inflated tuition and fees, which they then spend without worrying about whether the loans will ever be repaid. This in turn incentivizes them to push the …
🇯🇵 But the government's room for manouevre is limited as Japan has the industrial world's heaviest debt, and a supplementary budget of that size would make it even harder to meet a target to balance the primary budget, excluding new …
by betsharks0 Maybe Joe will forgive all auto loans.