Consumer Spending & Economic Outlook - Consumer spending data for June is crucial, with expectations of a soft patch, already evident in retail sales data [1] - Service sector spending, including airlines, hotels, and restaurants, also shows signs of weakness [2] - Demand was pulled forward in anticipation of tariffs, and price increases are impacting consumer spending [3] - There's a bifurcation in consumer behavior, with higher-end consumers and businesses faring better than lower-end consumers who are squeezed by tariffs [5][6][7] Trade & Tariffs - American protectionism is damaging the global economy, potentially reaching a $2 trillion hit by the end of 2027 relative to the pre-trade war path [8][9] - The effective tariff rate is around 17%, the highest since the 1930s, acting as a headwind to global growth [10] - Tariffs are a regressive tax on consumers [7] Capital Spending & Tax Legislation - Tax legislation provides significant accelerated depreciation for capital spending, potentially boosting corporate cash flow [11] - Companies like AT&T, Verizon, T-Mobile, and United Rental have indicated that the tax legislation supports their cash flow [12] - Capital spending is underappreciated for its role in creating productivity, profitability, and lifting potential GDP growth [13] - Full CapEx depreciation for 80% of CapEx will be a significant boost to cash flow [11] Monetary Policy & Labor Market - The Fed may not need to cut rates further, as previous rate cuts and tax measures are already providing stimulus [23][24][25] - Improvement in corporate profits into 2026 is expected to lead to a stronger labor market [20] - Capital spending improves profitability through productivity, incentivizing spending on jobs and wages [17]

Economic Impact of Tariffs - Bloomberg Economics 分析了特朗普总统的关税对全球经济造成的损失 [1] - 特朗普总统的 8 月 1 日截止日期临近 [1] Media Coverage - Bloomberg Economics 的分析结果在 Big Take podcast 节目中被讨论 [1]

As President Trump’s Aug. 1 deadline nears, Bloomberg Economics crunched the numbers on what his tariffs have already cost the global economy. @sdonnan joins host @davidgura on today’s Big Take podcast to break it all down. https://t.co/plFU2ThNRe ...

The US and European Union agreed to an understanding that will see the bloc face 15% tariffs on most of its exports, staving off a trade war that could have delivered a hammer blow to the global economy https://t.co/BcACMqfDHX ...

In this week’s episode of Everybody’s Business, we discuss how markets and the global economy would react to the (potentially illegal) ouster of Jerome Powell https://t.co/43HMqYKVhc ...

The past few years have brought a series of crises, from the covid-19 pandemic and the war in Ukraine to an energy shock and a trade war. Somehow, the global economy powers on https://t.co/I872j5F2m3Illustration: https://t.co/QcfrZZCWgL https://t.co/3japgKsZtR ...

Space Debris Problem - A marble in orbit gains 8 kilometers per second of speed, about 20 times faster than a bullet, posing a significant threat to satellites [1] - A tiny object in orbit possesses the energy of a hand grenade, capable of shattering satellites into thousands of dangerous fragments [2][3] - There are over 36,000 large pieces of debris being tracked and millions more too small to track, constantly circling Earth [6] - Space is becoming overcrowded, increasing the risk of collisions, similar to a busy highway [8] - The 2009 collision between an American and a Russian satellite created over 2,000 new pieces of debris, many still posing a risk after 15 years [9][10] - The Kessler syndrome describes a potential runaway chain reaction of collisions, a very real possibility if no action is taken [12][13][14] - A serious collision in space could disrupt essential satellite-dependent systems like navigation, communication, weather updates, and financial transactions, potentially causing a global blackout [5][15][16] Clear Space Solution - Clear Space is launching its first mission in 2028 to remove space debris using a spacecraft with an innovative grasping system [17][18] - Clear Space One will capture debris and release it back into Earth's atmosphere to burn up without leaving residue [21] - The goal is to make space debris cleanup a routine part of satellite launches and disposal [21][22] Call to Action - Addressing space debris is a shared responsibility requiring collaboration between governments, private companies, scientists, and the public [24]

What happened in the global economy this week — in charts https://t.co/OPiERNMmSD ...

US Political & Economic Landscape - The US political system is perceived to be transforming, with concerns about slavish devotion to a leader and Washington potentially turning into Pyongyang [1] - There's a sense that the US is politically not the same country it was a few years ago, impacting the entire international system [1] - Public opinion is largely negative towards current legislation, even with deliberate obfuscation of its impact [25] - The US stock market may be detached from the economic reality, potentially driven by corporate profit expectations in a favorable regime [15] International Order & Global Economy - The traditional global order is being tested, with the US potentially abdicating its leadership role [1][3] - The world may be moving towards a "world order minus one," where the US is excluded due to its current political climate [3] - There's an opportunity for other countries, like China and the EU, to take on leading roles in trade, climate action, and global governance [5][6][7] - The US dollar has fallen about 10% since the start of the year, a phenomenon typically seen in emerging markets [17] Risks & Uncertainties - There are concerns about the stability of the US system, with potential for unfair elections and the creation of a massive secret police force [2] - The US is potentially setting itself up for a financial crisis due to deregulation, irresponsible fiscal policy, and pressure on the Federal Reserve [31][33] - There's a risk of runaway inflation if the Federal Reserve becomes too politicized and attempts to goose up the economy for political gain [34]

This is a marble. It's small. It's light. It's only a few grams.It's quite harmless in my hand. But if we were to place this marble in orbit, it would suddenly gain 8 kilometers per second of speed. That's 8 kilometers per second.Think about it. That's around 20 times faster than a bullet. It will take this marble less than 10 minutes to travel from London to New York.And even something this tiny and innocent could cause a disaster. Why. Well, at those speeds, it's not only about the size. It's also about t ...