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#economics

129 posts88 participants4 posts today
Continued thread
unusual_whales

The loss in revenue from international travelers is expected to cost the U.S. economy $12.5 billion this year.

Read more: t.co/CkE7t4JqDr

Unusual Whales - News · The loss in revenue from international travelers is expected to cost the U.S. economy $12.5 billion this yearTourism to the United States has been on the decline, raising alarms among leaders who are increasingly anxious about its impact on the broader economy — especially during the critical summer stretch, when numerous towns and cities depend on foreign visitors to fuel local business. According to projections from the World Travel and Tourism Council, the U.S. is on track to experience a record $12.5 billion shortfall in international visitor spending in 2025. The sharp drop underscores the difficu
#news#finance#economics
Emeritus Prof Christopher May

The latest evidence to support the Trump TACO meme (Trump Always Chickens Out) is the pause in imposing raised tariff truce/pause despite Trump's team being unable to finalise an agreement with the Chinese.

He will dignify it saying he's working hard to make a deal... but many will suspect he's looked at the profile of Chinese imports (and their embeddedness in US supply chains) & realised it might have a major & speedy impact on the MAGA crowd if the tariffs were imposed...

#trade#economics
Emeritus Prof Christopher May

Consumers are salting away more cash (in various savings accounts), likely due to fears about economic upheavals ahead;

This, of course (in Keynesian terms) removes 'effective demand' from the economy, worsening the very slowdown people fear;

And then when we know that 50% of all UK 'investment' ends up in property (including residential) we can see how this might also drive house price inflation as those savings seek 'performing asset' (residential mortgages) to pay interest.

#economics
Replied to GhostOnTheHalfShell
*
Dr. Professor Fred Rococo

@GhostOnTheHalfShell I'm just finishing watching this. It is so illuminating.

#Followers, consider setting aside 2.5 hours to watch this. #MichaelHudson's speaking style doesn't quite match the expanse of his wisdom, but the wisdom shines through. He does fumble a bit with 'automatic intelligence,' but comparing #AI to the #mechanization of #labor and #Marx and #Ricardo is spot on. There are SO MANY valuable ideas in this talk. It is disruptive. We are not taught how the systems of #politics, #economics, #SocialSciences and #religion have an overall organization in western society, but he ties it together. Break it up if you have to, but watch this talk.

Original text of the Lord's Prayer:

"Forgive us our debts, as we also have forgiven our debtors."

The inversion of #Christianity in the #Catholic Church to become the origins of the modern #banking system is a mind-altering re-teaching of history.

#GlobalWarming = #debt. 🤯

#history#government#economies
tanya tussing

Biggest experiment in US economy in a long time.

From ‪@jc-econ.bsky.social‬ :

The weighted average tariff in effect on US imports continues to creep higher w/ every announcement taking it to levels not seen since the 1930s & customs collections are on track for >$350bn in taxes on US firms & consumers per year while the media dutifully reports things as "not as bad as feared"

#Tariffs#Economics#PoliEcon
Alberto Cottica

On production, extraction, degrowth and doing magic: theories of value in Naomi Novik's Scholomance Trilogy.

(Yes, yet another economic analysis of a speculative fiction book – my first with a fantasy, rather than a science fiction one)

edgeryders.eu/t/of-production-

#economics
#degrowth
#magic
#fantasy

Edgeryders · Of production, extraction, degrowth and doing magic: theories of value in Naomi Novik's Scholomance TrilogyThe Scholomance is a school for wizard children, set in the eponymous world created by fantasy author Naomi Novik. In this world, magical predators called maleficaria feed on mana, a substance that allows wizards to do magic. Both children and adult wizards have it, but the adults are more dangerous than most of the maleficaria themselves, so the latter need to feed on children. This is a major threat to wizardkind: in the wild, nineteen out of twenty wizard children are eaten before maturity...
☮ ♥ ♬ 🧑‍💻

“#AI is changing #business much more slowly than expected. A high-quality survey from America’s Census Bureau finds that a mere 10% of firms are using it in a meaningful way. “#Enterprise adoption has disappointed,” notes a recent paper by ubs, a bank.

Goldman Sachs, another bank, tracks #companies that, in the view of its analysts, have “the largest estimated potential change to baseline #earnings from #AIAdoption”. In recent months the firms’ share prices have underperformed. the #market. With its fantastic capabilities, ai represents hundred-dollar bills lying on the street.

Why, then, are #firms not picking them up? #Economics may provide an answer.”

<economist.com/finance-and-econ> (paywall) / <archive.md/4tVL7>

A small snail resting on the 'Enter' key of a computer keyboard
The Economist · Why is AI so slow to spread? Economics can explainBy The Economist
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