Below, you will find some headlines we may have missed and some interesting video clips on several subjects. Please feel free to share anything you may have run across; just make sure it’s not from a McMAGAt infested shithole.
Updates:
Today in The Fascist Felon’s Economy:
Inflation, Consumer Fears Fuel Stock Selloff
Dow drops more than 700 points, Nasdaq slides 2.7%
U.S. stocks slid on Friday, with investors jolted by hotter-than-expected inflation data, souring consumer sentiment and President Trump’s tariff announcements.
The worrisome signs included inflation picking up, as tracked by the Fed’s preferred measure. Consumer sentiment also worsened, which investors fear could slow spending, with the University of Michigan’s survey showing a drop in the headline index to the lowest level since 2022. Concern centered on a darkening outlook for the economy’s path ahead.
The somber mood was reflected in the stock market. The Dow Jones Industrial Average fell more than 700 points, or 1.7%, its largest percentage drop since March 10. The tech-heavy Nasdaq lost 2.7%, with the Magnificent Seven group of stocks erasing about $505 billion in market value. The S&P 500 tumbled nearly 2%, with 10 out of the 11 S&P sectors finishing Friday in the red.
U.S. economy is facing a long-term slowdown, crimped by debt and declining birth rates, CBO says
The U.S. economy could face slower economic growth over the next three decades due to weak population gains and increased government spending, the nonpartisan Congressional Budget Office said Thursday.
The CBO’s latest long-term budget and economic outlook report, which covers a timeframe that spans 2025 to 2055, projects publicly held debt to reach 156% of gross domestic product, or GDP, in 2055. That’s down from the agency’s March 2024 long-term budget projection, which said publicly held debt would be equal to a record 166% of American economic activity by 2054.
“Without immigration, the U.S. population would begin to shrink in 2033,” the CBO report states.
But, it’s Opposite Day over at Breitbarf and Other RW Shitholes:
*** News Views does not provide links to far right, fake, and fascist shitholes.
Breitbart and other RW shitholes have spun our tanking economy into durable goods purchases are up…Well, duh! The Fascist Felon’s tariffs kick in next week and companies are scrambling to procure goods at today’s prices, not future prices. However, anyone think you will pay the price subjected to today’s prices or will companies hold back and charge more when the tariffs kick in to increase their profit margins?
Speaking of Shitholes….
U.S. economy grew 2.4% in the 4th quarter after upgrade in final growth estimate (President Biden’s Economy):
WASHINGTON (AP) — The U.S. economy expanded at a healthy annual 2.4% pace the final three months of 2024, supported by a year-end surge in consumer spending, the government said Thursday in a slight upgrade of its previous estimate of fourth-quarter growth.
But it’s unclear whether the United States can sustain that growth as President Donald Trump wages trade wars, purges the federal workforce and promises mass deportations of immigrants working in the country illegally.
Growth in gross domestic product — the nation’s output of goods and services — decelerated from a 3.1% pace in July-September 2024, the Commerce Department said.
The Fascist Felon, Elmo, DOGEbags, and their Brownshirts:
Elmo Gaslights…Again:
Gilead:
Elmo’s Biggest Fear-Lower Birth Rates:
