Economy Overview - The headline numbers of the economy look pretty good, with the stock market at record highs and more 401k millionaires than ever before [3] - The labor market shows 147,000 jobs added, which is right on average, and the unemployment rate is at 41% [4] - Inflation has been tamer than expected, with egg and gas prices decreasing, putting more money in people's pockets [5] Economic Slowdown - The economy is slowing down, with first quarter GDP growing only 05%, a significant decrease from the previous quarter's 24% [6] - This slowdown is attributed to less manufacturing, construction, and industrial production, with companies and small businesses pulling back due to tariff concerns [6] - Home affordability is a concern, with home prices at all-time highs and rising costs for buying or renting, leading to increased consumer debt and credit card APRs around 24% [7] Economic Challenges - The resumption of student loan payments is putting pressure on people's finances, leading to rising delinquencies [8] - The potential expiration of tariff freezes introduces uncertainty, with possible dramatic effects or more smoke than fire [9][10] - Cuts to subsidies, especially for lower-income individuals, Medicare, and SNAP programs, along with potential loss of healthcare, create uncertainty [11] Wealth Disparity - The widening wealth gap is a concern, as those who don't own stocks or assets like homes are being left out of the prosperity [12][13] - While half of Americans who own stocks or property are doing well, those trying to get a mortgage face rates of 66% and average home prices around $400,000 [14] - Tax cuts may have an opposite wealth effect, as those on Medicaid or SNAP may contribute less to the economy due to a lack of surplus [15][16]

Your biggest concern at the moment seems to be the appreciation of the euro against the dollar. We were in Sintra earlier this week where the vice president, Mr. . de Guindos, was talking about 120 as the limit.What is your take on this. So I won't comment on my colleagues commands. It's a general rule, but we look closely at the volatility of the exchange rate.It has been significant since the start of the year with a 13% appreciation of the euro against the dollar. By the way, it's not a specific apprecia ...

Least impressive has been the government’s approach to tax reform. Britain’s system is stuffed full of provisions that distort the economy and block growth https://t.co/QV2M5A1bgB ...

AI will impact all of us: socially, economically, and professionally. And Anthropic has just announced a program that will closely track all of those impacts, for better and for worse. https://t.co/WMWfDck6gJ ...

Local officials wrestle with competing incentives because higher economic growth improves their chances of promotion https://t.co/SAMiPorsis ...

have you noticed how the world feels increasingly chaotic [Music] polarized and uncertain well that's no accident According to some historians we've entered what's known as a fourth turning a period of major crisis that threatens to reshape society the economy and even the global order So in today's video we'll explain exactly what this fourth turning is why it appears to be happening now and how it could impact markets your investments and especially crypto My name is Guy and believe me this is a video you ...

President Javier Milei is counting on a shale-oil boom in Argentina to cement his libertarian economic reforms https://t.co/ZmRdBnyaRl ...

Britain is stuck in its longest period of economic stagnation since the 1930s. The public finances do not add up. The prime minister has made mistakes—including courting political pain for little gain https://t.co/dZFh7xdNtv ...

Britain’s prime minister wants people to look beyond the drama and judge him by what he’s achieved. We have.Our analysis of Labour’s performance covers many areas of governance, including economic growth, national security and crime https://t.co/0khhRgKhYK ...

Vietnam’s growth accelerated in the second quarter as foreign buyers raced to avoid threatened tariffs of as much as 46% on sales to the US. https://t.co/YkyWdQMicp ...