1000 little cuts?
Retail outlets seeing headwinds, and people's credit there (credit makes 60% of their revenue, not actual clothing sales, someone said on CNBC) is seeing delincuincies. Apple not growing fast. Amazon seeing FTC suit for monopoly. Lots of red on the market maps. Companies had good revenue in past quarters and mentioned AI, but x NVDA no one has actually done anything selling AI, which might mean correction upcoming earnings. Basically everyone has mildly negative things to say about market and economy, and no real positives. 10 year still steepening.
Strikes on the rise: Here's why this is happening - YouTubeExample of propaganda from this perspective.
Will Elon be able to get highly valued CEOs? or just COOs?
We haven't had a real recession for 15 years (except for a short blip). So we have a lot of excess we need to work out of the system. Some of that is worked out and the cushion is thinner, but there's more excess to go. - Katie Koch
Capital is re-pricing agressively, and (more, referring to banks) things will break. - Koch
Only 1% of the population, those who make over $5000 per month, will pay income taxes. It was said this would affect 1.something m people (Argentine popluation is 46m). Argentina will print more money to meet the president's socialist promises, who comes to office in December (so the plan hasn't been put in place yet).
In India, 1.6% pay income taxes. In the US, 53% of households pay income tax. Some say wealthy people are leaving India, taking their investable income with them.
A year ago:
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