RT SightBringer (@_The_Prophet__)The script handed down - stay out of trouble, get your degree, climb the ladder - was written for a world that no longer exists.It worked when capital was anchored to production, when wages tracked productivity, and when assets weren’t financialized into instruments of rent extraction. That world is gone.Here’s the real truth:1. Wages decoupled from wealthSince the 1970s, productivity has continued to rise while wages flatlined. The difference didn’t vanish - it was captured ...

Housing Development - A U S commuter town outside New York City is building thousands of new apartments [1] - The town is slicing through red tape to facilitate new housing construction [1] Community Impact - Cities across the U S often face community opposition when building new housing [1]

I want to get this race on your radar early. Main Senate, where Susan Collins, the Republican incumbent, just got a pretty unknown challenger. His name's Graham Platner, and here's why you should be paying attention.>> He has just kind of exploded on the scene. I heard from somebody on a local school board that he was the talk of the meeting last night. A couple of people said they had already donated to him.Veteran, young oyster farmer. There's a huge aquaculture industry booming uh in Maine right now. Har ...

President Donald Trump narrowing his choices to replace Fed Chair Jay Powell to three or four names, saying he'll announce his nominee a little earlier than initially expected. Joining us now is the former economic adviser to President George W Bush, Mark Sumlin. Mark, of course, your name has been in the mix as well over the past week or so.Welcome to the program. Let's just start with the base case, the case for rate reductions. Mark, what do you think the strongest case there is right now.Right. I think ...

Real Estate Development - New York City Council approved rezoning of a 42-block section in Manhattan [1] - Rezoning paves the way for the development of over 9,500 new housing units [1]

Bond Market & Interest Rates - The short end of the market is likely to experience one or two rate cuts before year-end, which could provide some support [1] - High credit card interest rates, around 25%, are a key concern [1] - Housing market is identified as the critical missing piece in the economy [2] - Treasury Secretary's comments on lowering rates may have had some effect [3] - Market participants experience a sense of relief after CPI releases, even if slightly warmer than expected, leading to lower yields for twos and tens maturities [4] Dollar Index & Speculative Trading - The dollar index is sensitive to the administration's pressure for lower rates due to its wider audience of speculative trading [5] - A close below 98 on the dollar index is expected to maintain selling pressure, according to technicians [5] - The dollar index has retraced a significant portion of its bounce from multi-year lows seen in early July [5]

Economic Concerns & Tax Policy - Raising taxes on the wealthiest New Yorkers, who already pay roughly 15% of their income between city and state taxes, could drive them away [1] - The focus should be on delivering services to constituents by raising the most revenue possible without chasing businesses and high-income taxpayers out of the city [1] - Affordability is a key issue, with many working families being chased out of New York City due to the high cost of housing, groceries, and child care [2] - Raising taxes is not necessarily the answer to affordability issues, as billionaires may leave and spend their money elsewhere [3] Business & Job Creation - Companies like Goldman Sachs are creating new jobs in Dallas, and Blackstone is not building a new headquarters in New York [4] - Making the city more onerous for businesses could lead to a smaller tax revenue pie [9] Housing Market & Affordability - Many people are struggling to pay for housing and groceries [5] - Child care costs of $25,000 per year are a national issue [5] - Increasing housing supply is seen as a way to give young people an opportunity to have their own place [20] - The United States Senate unanimously passed a housing bill to increase housing supply [14][15] - Deregulating everything, including rent stabilization and rent control, could bring down prices in New York [19] - First-time home buyers are now 38 years old, compared to 28 years old in the 1980s and 1990s [20]

The last word with Jonathan Kart in for Lawrence starts right now. Hey. Hey, Jonathan.I almost said Lawrence. Hey, Jonathan. Lawrence.Jonathan. Look, I'll take it. Being called Lawrence is like a is not like it is a high compliment.I'll take it. Totally. Yes.Well, there you go. I would be happy to be called Lawrence, too. So, I will I'm glad you're taking it as a compliment.Yes, ma'am. Go enjoy the rest of your evening. Thank you so much.Have a great show. Thank you, Jen. Tonight, Donald Trump is changing h ...

Market Trend & Outlook - Piper Sandler's technical analysis indicates the market trend is still higher, targeting 6,600 for the year-end objective [4][5] - The market is making new highs despite some negative sentiment and down AI numbers, suggesting a "hated market" [5][6] - The S&P 500 has broken out to all-time new highs, contrasting with previous concerns of a potential breakdown to 2,000 levels [3] Valuation & Market Structure - Valuations matter, but the market has been shrinking with 20%-25% fewer stocks due to share buybacks [7] - The pool of available equity has decreased from 8,000 to about 3,800, while the amount of capital has increased [9] - Historical price-to-earnings ratios may not be as relevant due to the shrinking market [8] Cyclical Stocks & Housing Market - Cyclical stocks, including homebuilders like Horton (better-than-expected results), LAR, BLD, and BLDR, are showing constructive patterns and reversing downtrends [11][12] - Housing numbers are good, suggesting a stronger consumer environment than people are thinking [10][12] Commodity & Industrial Signals - Copper is breaking out to an all-time new high, signaling a healthy economy and a meaningful pickup in the industrials [12][13]

From @WSJopinion: If we fail to act on housing, millions of young Americans will lose their best chance to build wealth. Their families and communities will be worse off, and so will the country, writes William Galston. https://t.co/TmwUrufrjF ...