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Alternative Visions- US Consumer Spending in Big Trouble as Fed Cuts Rates

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Manage episode 508027402 series 2360217
Content provided by Progressive Radio Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Progressive Radio Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Consumer spending = 2/3s US economy but now hitting a wall. After tax wages down 50% in 2025 from 2024. Botton 1/3 households income gains lowest since 2016. Top 10% households (>$250k/yr) now account for 49% of all consumer spending. Will worsen as unemployment surges, inflation resumes, and $1T in health ACA & Medicaid subsidies for 22.4m ends. Why Fed 0.25% token rate cut won't help. Show next discusses how US presidents become multimillionaires after they leave office. And why Trump & the Empire now shifting tariff and sanctions policies toward India and the BRICS. (Next week: what's the Empire's 'Clean Break' policy shift recommendations about?)

  continue reading

216 episodes

Artwork
iconShare
 
Manage episode 508027402 series 2360217
Content provided by Progressive Radio Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Progressive Radio Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Consumer spending = 2/3s US economy but now hitting a wall. After tax wages down 50% in 2025 from 2024. Botton 1/3 households income gains lowest since 2016. Top 10% households (>$250k/yr) now account for 49% of all consumer spending. Will worsen as unemployment surges, inflation resumes, and $1T in health ACA & Medicaid subsidies for 22.4m ends. Why Fed 0.25% token rate cut won't help. Show next discusses how US presidents become multimillionaires after they leave office. And why Trump & the Empire now shifting tariff and sanctions policies toward India and the BRICS. (Next week: what's the Empire's 'Clean Break' policy shift recommendations about?)

  continue reading

216 episodes

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