>> WELL, I THINK IT'S OKAY THAT HE DOESN'T KNOW WHO AIR SUPPLY IS, BUT I'M I'M. I'M SHOOK. >> TOOK IT HARD.>> THEY WERE. >> PLAYING. >> THAT WHEN.>> I CAME IN THIS MORNING IN THE BUILDING. >> MIKA. >> I'M ALL OUT OF LOVE.YOU DON'T KNOW THE SONG. >> I'LL DO MY RESEARCH. >> AFTER THE SHOW.>> OUT OF LOVE. I'M SO LOST WITH. OKAY.DEMOCRATS. TEXAS STATE REPRESENTATIVE JAMES TALARICO HAS EMERGED AS A STRONG COMMUNICATOR FOR DEMOCRATS SINCE LAUNCHING HIS BID FOR U.S. SENATE LAST MONTH. THE FORMER PUBLIC MIDDLE SCHO ...

Core Insights - The American Dream, traditionally associated with financial stability and homeownership, is increasingly perceived as unattainable for many individuals today [1] Economic Challenges - Rising costs, reliance on debt, and economic uncertainty are identified as the primary reasons making it harder for individuals to achieve financial milestones [3] - Median household income has increased to $80,610 in 2024 from $21,650 in the 1980s, but this figure is misleading when considering the rising costs of housing, education, and childcare [4] Debt Burden - Credit card interest rates are currently between 21% and 24%, with the average American holding over $6,700 in credit card debt, which disproportionately affects younger generations [5] - This debt prevents younger individuals from investing or saving, forcing them to focus on bill payments and interest [5] Systemic Issues - Financial challenges are not solely due to individual choices; systemic issues like wage stagnation, wealth inequality, and policy uncertainty significantly contribute to the current economic landscape [6] Housing Market - The median home price has increased from 2.2 times the median household income in the 1980s to 5.2 times today, making homeownership much less accessible [7] Education Costs - Tuition for private colleges has risen from approximately three months' worth of income in the 1980s to about six months' worth today, while the value of degrees is declining due to increased accessibility and alternative job opportunities [7] Childcare Expenses - Childcare costs have escalated from 1% of median income in the 1980s to around 16% per child per year, representing a significant financial burden for working families [7]

Core Insights - Tom Sosnoff, founder of Thinkorswim and Tastytrade, is launching a new financial platform called Lossdog, aimed at addressing wealth inequality and economic fairness [1] - The platform is designed to help individuals understand their true value through employment and investment opportunities [1] Company Overview - Lossdog is Sosnoff's third financial platform, indicating his ongoing commitment to innovation in the financial services sector [1] - The focus on wealth inequality suggests a strategic positioning within the growing market for socially responsible investing and financial education [1] Industry Context - The launch of Lossdog reflects a broader trend in the financial industry towards platforms that prioritize economic fairness and accessibility [1] - Sosnoff's previous successes with Tastytrade and Thinkorswim highlight his experience and credibility in creating impactful financial tools [1]

We're living through the roaring '20s for asset owners, and the Great Depression for the asset-poor, particularly young people.Allocate to bitcoin like your life depends on it. ...

RT unusual_whales (@unusual_whales)The 400 richest people in the U.S. are now worth a record $6.6 trillion after getting $1.2 trillion richer over the past year, per MorePerfectUnion ...

Social Disparity - Nepal's super-wealthy lead luxurious lives, contrasting with the struggles of ordinary citizens [1]

Newly released data shows that US household net worth jumped by $7 trillion in Q2 of this year alone. In other words, for three straight months, US households added an average of $79 billion in net worth every day. As a result, the rich are getting much richer.Now, currently, the bottom 50% of US households, they hold just 2.5% of total US wealth. In fact, the top 1% now holds $40 trillion more wealth than the bottom 50% combined. The stock market just drove historic returns over the last 5 months.It made r ...

S&P 500 all-time high.Nasdaq all-time high.Rate cuts incoming.It is imperative we convince every American to become an investor or they will suffer on the wrong side of the wealth inequality divide. ...

Federal Reserve's Role and Policy - The Federal Reserve is perceived to have become too powerful and political, with calls for fundamental changes to its operations [3][4][6] - There is a concern that restrictive interest rates imposed by the Fed inhibit access to capital for the private sector, particularly during economic transformations favoring small and medium-sized businesses [6][7] - The Fed's actions during financial crises, such as in 2008, are questioned, with a belief that it failed to foresee the crisis and that its independence is crucial for effective crisis management [10][11][17] Interest Rates and Economic Impact - The current low-interest-rate environment is debated, with suggestions that it may have persisted too long and that the Fed's role in managing interest rates is not appropriate for a free market economy [19][21][22] - The Fed's approach to monetary policy is criticized for exacerbating wealth and income inequality, leading to societal resentment [25] Banking Sector Dynamics - Banks are under pressure to maintain high reserves rather than lending, which affects their profitability and relationships with clients [8][9] - The profitability of banks is linked to their ability to manage cash reserves effectively, which complicates their willingness to adjust to changes in Fed policy [9] Political Influence and Independence - The politicization of the Fed is a concern, as political pressures can complicate its ability to act independently during crises [10][20] - Historical examples, such as Paul Volcker's actions in the 1980s, illustrate the challenges faced by central banks when political interests conflict with necessary economic measures [14][16]

Let's talk about a tale of two economies. Uh we we talked about it uh in the Biden era where we kept talking about how the numbers uh looked so great for for the US economy compared to the rest of the world and yet a lot of people hurting uh in middle America, a lot of people hurting uh across the country. Uh and a lot of Americans pessimistic.That helped defeat Kla Harris. Uh how has that changed or are they still pessimistic. They're still pessimistic.And let me start with a poll that you guys referred to ...