American Economics Thread
- Thread starter Bernard
- Start date
These three banks were not small at all despite all the Western propagandists downplaying it as some irrelevant regional banks failing.
CAn you imagine the Burj Khalifa of this year, in terms of banking collapses?!
The oligarch mass media certainly is trying to keep mum on the banking crisis whilst trying to bully China into lending it money
Buffett’s Berkshire Hathaway
Warren Buffett’s Berkshire Hathaway sold billions of dollars worth of stock and invested little money in the US equity market in the first three months of the year, a signal the famed investor saw little appeal in a volatile market.
disclosed on Saturday that it had sold shares worth $13.3bn in the first quarter and bought stocks for a fraction of that figure. Instead, it put $4.4bn towards repurchasing its own stock, as well as $2.9bn on the shares of other publicly traded businesses.
The companies’ combined net earnings for the quarter rose by 51% year-over-year (YoY) to a combined $3.47 billion, and the trio collectively spent over $1.3 billion on shareholder dividends.
Accountable.US cited Reuters‘ March 23 that the company “raised its fiscal 2023 forecasts for a fourth time after beating estimates for quarterly results, helped by price increases and steady demand for its packaged-food products.”
As the analysis points out, The Wall Street Journal earlier this month:
The Accountable.US analysis notes that in January and February, “food-equity advocates warned that ‘food insecurity for millions of American consumers is worsening’ despite overall inflation easing, with higher numbers of food stamp recipients reporting ‘skipping meals, eating less, and going to food banks to manage costs.'”
The U.S. Census Bureau has throughout 2023 that based on household surveys, roughly 25 million people sometimes or often did not have enough to eat in the previous seven days. The U.S. Department of Agriculture that nearly 34 million people live in food-insecure households—though research last month suggests that figure is likely an undercount.
U.S. households are also contending with losing assistance related to the Covid-19 pandemic—including the end of the , universal free school , and increased Supplemental Nutrition Assistance Program (SNAP) , formerly known as food stamps.
As Common Dreams in late February, while experts warned that the end to boosted SNAP benefits would cause a rise in U.S. poverty, president Robert Weissman that “a decent society would not let this happen.”
Jobless claims rise sharply to highest level since 2021
Number of Americans filing for unemployment jumps to highest level since 2021
By
NewEdge Wealth chief investment officer Cameron Dawson discusses seasonal stretch as investors eye the presidential cycle for stock guidance on 'Making Money with Charles Payne.'
The number of Americans filing for last week jumped to the highest level since 2021, the latest sign the historically tight labor market is cooling off in the face of rising interest rates.
by the Labor Department show initial claims for the week ended May 6 surged by 22,000 to 264,000, well above the 2019 pre-pandemic average of 218,000 claims. It marks the steepest level for jobless claims since October 2021.
Continuing claims, filed by Americans who are consecutively receiving unemployment benefits, rose slightly to 1.81 million for the week ended April 29, an increase of 12,000 from the previous week.
Job seekers visit booths during the Spring Job Fair at the Las Vegas Convention Center on April 15, 2022. ((K.M. Cannon/Las Vegas Review-Journal) / Getty Images)
For months, the labor market remained a strong point in the slowing economy, despite an aggressive interest-rate hike campaign by the
But there are signs it is beginning to cool.
Layoffs are on the rise and job openings are declining. Although hiring rose faster than expected in April, jobless claims are also steadily ticking higher. Economists widely expect unemployment to climb higher as a result of steeper interest rates, which could and businesses to pull back on spending.
The from the Fed show that officials expect unemployment to rise to 4.6% by the end of next year, up from the current rate of 3.5%.
A "Now Hiring" sign during a job fair at a Schneider Electric manufacturing facility in South Carolina on Jan. 18, 2023. (Photographer: Micah Green/Bloomberg via Getty Images / Getty Images)
That could mean more than 1 million Americans lose their jobs between now and the end of the year.
Yes, but luxury goods are replaceable and not essential. Large scale industry isn't.
Qing China exported plenty of luxuries like silk and porcelain. Luxury and agriculture are the kinds of unthreatening sectors you want to encourage in your enemies