HistoryOfMoneyBankingTradePod

They are clearly illegal. The lower courts have all said so. The biggest difference between the lower and Supreme Court is the lower courts aren’t corrupt.

Let them eat cake

So Trump said he will send aid to Jamaica. Where are the strings? How will Trump benefit directly? He is so openly corrupt that I wouldn’t be surprised if Jamaica ended up buying some Trump related Cryptocurrency (scam) within the next 6 months.

There will be some sort of self-dealing.

Republican healthcare. Everyone pay at least double, so healthcare executives can make double the pay.

You gotta love our healthcare system. It’s based on rent seeking middlemen who don’t add efficiencies or expand coverage. They are only there to extract excessive rents.

@profgalloway.com I’m sure you saw this

Accommodation The government shutdown and economic malaise are taking a toll on hotel and travel demand. Administrative and support services It feels impossible to predict what the hiring and employment market will be in six months. This year has been the most challenging in 15 years of search and staffing. Candidates have failed background checks. Employers have delayed hiring, candidates have accepted counter offers, others have continued interviewing after accepting a new role. These events used to be uncommon and rare. Now they're happening on a regular basis. Revenue swings month to month are drastic. We are trying to budget and forecast, but it is impossible, and I'm on the edge of laying off an employee now. Business has felt recessionary for over a year—no wonder we knew the jobs numbers were off and kept saying there was no way they were as good as reported, and we were correct. These are very tough times for small and midsized businesses. The level of uncertainty has increased in the face of higher interest rates and borrowing costs. Layoffs in the energy sector are just now being felt, and the federal shutdown will have a compounding impact. The government shutdown [is an issue impacting our business]. Most of our customers are federal agencies. If there is a shutdown, our business suffers. Ambulatory health care services We are seeing major price escalation resistance. There are numerous factors affecting our outlook and current performance. A general downturn in the economy and economic outlook coupled with increased layoffs and significant increases in prices for day-to-day commodities have reduced demand for those seeking our pediatric urgent care services. Healthcare fatigue is also a factor post-COVID. Couple that with the frankly baseless guidance that the Department of Health and Human Services is providing, there is also a lot of confusion among potential patients of ours of sound medical judgement. With continued angst over secured overnight fin…

Educational services Uncertainty about visa approval rates and H1-B visa fees will have a potentially significant negative impact. Personal and laundry services I am concerned about the government shutdown. Pipeline transportation Lower oil prices impact producer activity and uncertainty. Professional, scientific and technical services We're seeing significant uncertainty among our oil and gas service company clients. Commodity prices are down, and there is no real cause to anticipate an upturn in drilling activities. The residential market has continued its decline due to the uncertainty of the economy. Homebuilders are having a difficult time selling homes, even with the incentives they are offering, and existing homes are just sitting. The commercial market is a little better but is being held up by energy and data center transactions. We need a major adjustment in the pricing of homes or a significant reduction in the interest rate to get this market moving again. Interest rates are still too high. Reduction in regulations is improving optimism. The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act will open new opportunities. We have seen an upturn in work flowing from clients in October in consulting engineering. All of our customers are scaling back on technology spending. I feel like our clients are more apprehensive. We are writing a lot of proposals, but they are just sitting. Projects are still being planned, but the execution is being delayed. I work globally with international companies, so uncertainty is inherently high, and it will likely increase in the coming months. Four new governments in Latin America will be decided within the next six months, and such political transitions always contribute to greater economic and business uncertainty. Commodity prices adversely affecting upstream oil and gas companies coupled with potential increased costs from renewed China tariffs creates an uncertain or negative outlook. We are …

Publishing industries (except internet) There is significant inflation in regular goods prices. We continue to be concerned about compounding effects of tariffs, government shutdown, reduced federal spending, wavering consumer confidence and the levels of credit card usage and delinquency (which we expect to increase), as well as the generally antibusiness policies being championed by Republican lawmakers and the Trump administration. Real estate The sentiment we see from apartment residents, owners, vendors, employees and others is neither optimism nor excessive worry. Folks are getting by OK, reallocating spending to compensate for high food prices, and they seem resigned to their fate. Immigration and Customs Enforcement (ICE) continues to terrify immigrants, and they are keeping their heads down. Few people are moving, changing jobs or expecting more. The economy feels like it's in the doldrums, and all the outrageous politics just feels like noise. Our company is doing well enough to throw a couple of big events and make improvements to properties we own. Being conservative, focusing on fundamentals and conserving cash have paid off for us. Others see us doing well, so more prospects are coming our way. We are always hopeful things are going to move forward and upward. Our goal is to survive the next six months. Rental and leasing services I don't know that any geopolitical or political conditions have changed our business outlook. The fourth quarter is typically when we do 27 percent to 29 percent of our volume. The first two quarters of the year are typically slow due to weather and manufacturers trying to manage their budgets. Tax-incentive buying pulls purchases ahead into fourth quarter 2025. Repair and maintenance We are a naturally seasonal business. Our outlook for the future is bright. Securities, commodity contracts and other financial investments and related activities Uncertainty remains uncertain. I wish we would get clarity on tariffs. We have bee…

Specialty trade contractors Volatility—including interest rates, stock market fluctuations, geopolitical issues and the government shutdown—is creating poor confidence. Support activities for transportation With the current administration taking meaningful action to address foreign labor issues, the outlook for the trucking and logistics industry has improved considerably. The decline faced in recent years has been attributable to violations of federal laws, most notably allowing those not legally authorized and without English proficiency to saturate the market and to violate cabotage restrictions. We are encouraged by the renewed emphasis on enforcement and compliance. As these measures take effect and below-market labor practices are curtailed, American motor carriers will once again be able to begin breaking even and then to profit. Telecommunications Too much funding (private equity combined with the Broadband Equity, Access and Deployment program) is flowing into the broadband industry as evident by the number of broadband providers in any given area. While it has naturally increased competition, resulting in lower pricing, it is also driving irrational investment decisions. These decisions will have consequences once the broadband market begins a correction in the next three to five years. Truck transportation Our business has died. Utilities I feel better about business activity, but the threatened tariffs do not help with the business situation. Warehousing and storage General economic conditions appear to be worsening, though it's hard to put a finger on exactly where or why. We're working through 2026 budget and are expecting revenue to either stay flat or dip. We are eliminating a small number of heads, roughly 4 percent of our workforce. We expect inflation to continue to impact the cost to provide services and will be adjusting revenue in response.

Dallas Fed services comments are LIT this month

"generally antibusiness policies being championed by Republican lawmakers and the Trump administration"

www.dallasfed.org/research/sur...

I’ve read a lot about the 1920s stock bubble. RCA was like Apple of the 20s. Of course it’s a complex issue w/ regards to the crash. Interesting rates were too low for too long. Enormous private credit was extended towards leverage. Only a handful of stocks pushed up the Dow - like S&P today.

The Hague should start clearing some room now

Wait. Trump is trying to steal the treasury? What a shocker.

It cracks me up hearing people from
NY, that are over 45 talk about how dangerous it is nowadays. I always correct them by asking if they remember the 2600+ murders we had in one year. The trains were super dangerous and Yankee stadium looked like it sat in the middle of a war torn city.

All so they can hire less than a 100 full-time employees, who probably aren’t from the local area to begin with. Most of the employment will be temporary construction jobs, of which nearly none will be from the area.

Does someone really spend that kind of money only to move out in 4 years? I don’t think so.

What’s way worse is everyone living in states that have data centers will see their electricity bills soar. All so someone can make a boatload of money while only hiring like 90 fulltime employees.

In a few weeks, I’m discussing Ancient Greek economics. I will mention how interest rates soar and people hoard gold/silver during times of war and Econ uncertainty. In Classical Greece as it does today. For example gold futures have soared because of Trump. I’ve thrown so much shade his way lately

Took him more than half the season last year to get his 3rd.

I think I figured out why.

@noahlugeons.bsky.social I’m kind of disappointed. He always made for easy material.

There are some similarities between today and 1928/29 as it was just a handful of companies driving the market (RCA, GM, US Steel,etc). Many people were saying it’s going to crash. Others didn’t think so. Maybe the AI bubble doesn’t crash the market. But if it does, it will be obvious in hindsight

All I gotta say is the Democratic Party better keep the receipts over the next 3+ years.

That’s disappointing

It almost feels like once someone pulls back funding for big AI projects, it could trigger a wave of cutbacks. Especially since AI doesn’t appear to be profitable (except data center buildout) at this point. I’m trying to figure out if it’s 1997 or 1999, before the dot com crash.

It’s easy to make proper decisions. Whatever Trump and his Staff says, do the opposite.

Open bar that week?

The White House is clearly for sale now. Furthermore, if some spends millions upon millions to renovate the White House, I suspect they don’t plan on leaving anytime soon.

Teddy Roosevelt had to balance the needs of economies of scale and the needs of shareholders who owed their allegiance to the company vs the allegiance to the U.S. society as a whole

I wish modern CEOs would understand the need to be good stewards of our society, not just share price.

Prices tend to be sticky, that’s why price increases haven’t been felt yet. Soon enough, companies will stop eating the tariffs and pass it on to us. My guess is it will be very noticeable for the Christmas shopping season.

And Trump has single handily made us non-competitive in this space. His regressive policies may be felt for decades after he is dead.

I really think we are upping stagflation risks if we cut rates aggressively. Furthermore, I’m of the belief that low interest rates hurts the middle class in the long run b/c institutions buy up assets to unaffordable levels. Also, rate cuts may further Ed’s great analysis about privatization