Speaking of the colossal failure of corporate media: as Dan Froomkin says,

"You would have no idea just how insane these so-called 'reciprocal' tariffs are from the main stories in your favorite national newspapers and mainstream-media organizations.

#Trump #tariffs #recession #inflation #banks #media
/3

https://criticalread.substack.com/p/mainstream-media-falls-for-trumps

Then there's "the Justice Department under Attorney General Merrick Garland" and "the cowardice and complicity of the Supreme Court and its chief justice, John Roberts."

Not millions of Americans who saw what would happen and did all we could to prevent it: but our corporate leaders, bankers, media moguls, justice system, and the Supreme Court….

They should not be given a pass. They have royally failed us.

#Trump #tariffs #recession #inflation #banks #media
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@davidho.bsky.social In case anyone was in doubt about how sociopathic Wall Street bankers are.

Global warming is happening, they say, so invest now in air conditioning stocks!

"The big banks’ acknowledgment that the world is likely to fail at preventing warming of more than 2 degrees Celsius above preindustrial levels is spelled out in obscure reports for clients, investors and trade association members. Most were published after the reelection of President Donald Trump, who is seeking to repeal federal policies that support clean energy while turbocharging the production of oil, gas and coal — the main sources of global warming.
…
"Morgan Stanley’s climate forecast was tucked into a mundane research report on the future of air conditioning stocks, which it provided to clients on March 17. A 3 degree warming scenario, the analysts determined, could more than double the growth rate of the $235 billion cooling market every year, from 3 percent to 7 percent until 2030."

https://www.eenews.net/articles/big-banks-predict-catastrophic-warming-with-profit-potential/

@CelloMomOnCars

Secretly. Not quietly.

Its hidden, its to fool, to prevent alarm, prevent exposure. To profit off us, while stopping us.

Banks SECRETLY preparing to benefit from Climate Chaos, while funding oil, while funding antiscience.

No different from the Trump, erasing climate science, lying about alarms, firing scientists, AND, AT THE SAME TIME, begins efforts to invade two arctic nations.

"Big Banks Secretly Prepare for Catastrophic Warming"
https://www.scientificamerican.com/article/big-banks-quietly-prepare-for-catastrophic-climate-change/

@OutOfSpace

All I can tell you is that this is like a super-vulcano ready to blow up ANY time.

What I can't tell you though is, how far the #risk has already spread through the #GlobalEconomy.

Have, for instance, European #Banks again been bying up mixed risk #securities from the #US like hell, or has their past experience made them more careful ?

I don't know.

Maby the @EUCommission , @ecb can tell us all more about this ?!