Good lord this guy does an absolutely amazing job of describing in very simple terms the complete instability caused by wealth inequality.
https://www.youtube.com/watch?v=TflnQb9E6lw
#economics @economics-that-works@a.gup.py
Can't help but thunk of Trump's #USA reading this.
14-day gift
Can't help but thunk of Trump's #USA reading this.
14-day gift
Good lord this guy does an absolutely amazing job of describing in very simple terms the complete instability caused by wealth inequality.
https://www.youtube.com/watch?v=TflnQb9E6lw
#economics @economics-that-works@a.gup.py
In an interview on CNBC’s “Squawk Box,” host Andrew Ross Sorkin asked Lutnick about the US #government potentially becoming the largest shareholder of #Intel, a #private tech company, & pressed him on where the #Trump admin would draw the line.
“Why shouldn’t the US government say, you know what? We use #Palantir services, we would like a piece of Palantir. We use #Boeing services, we would like a piece of Boeing,” Sorkin asked, citing the private data mining & aerospace companies.
Lutnick said there was, in fact, a “monstrous discussion” going on among #Trump admin officials about taking partial ownership of #defense giants.
“I mean, #LockheedMartin makes 97% of their revenue from the #US #government. They are basically an arm of the US government,” Lutnick said, adding that #Defense Secretary #PeteHegseth & Deputy Defense Secretary Steve Feinberg, among others, were considering the #economics of such an arrangement.
91% of Bank of America, $BAC, fund managers surveyed indicated that American stocks are overvalued, the highest ever proportion in data going back to 2001.
91% of Bank of America, $BAC, fund managers surveyed indicated that American stocks are overvalued, the highest ever proportion in data going back to 2001.
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