American Economics Thread

[SanWenYu]

View attachment 144522
American stock market at the close. NVDA got screwed hard, as well as the semiconductor equipment industry. Honestly expected more losses, especially from META. No idea why META is rising, considering how invested they are in open source A.I too. NVDA's 600 billion drop is the single largest wipeout in stock market history.

DS: I didn't do it!

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[luminary]

https://twitter.com/i/web/status/1883567045133861255

To achieve white collar job elimination, the elderly government employees in US+Japan will be the first to go.

The welfare recipients in gov jobs are going to have to start pulling their weight, or join the techbros in unemployment.

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Politico.

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Politico

If DOGE cuts spending in half, that's $500b right there.

the US government spends roughly $910 billion on non-defense discretionary spending, which covers the administrative costs of running federal departments and agencies.