Only 60 million people on earth (1.6% of adults) have a net worth over $1 million.
— Frank Chaparro (@fintechfrank) May 24, 2026
Those 60M people hold 48% of all global wealth.
The bottom 1.55 billion hold 0.6%.
Source: UBS Global Wealth Report 2025 pic.twitter.com/wtcLOUoivb
Recession
255,210 Views |
2723 Replies |
Last: 1 hr ago by whiterock
Gentle reminder that the wealthiest 10% of American households own approximately 87% to 93% of all U.S. stock market wealth. Hence the booming stock market juxtaposed against plummeting consumer confidence. Riddle solved. pic.twitter.com/STeheYJlQe
— Hal Singer (@HalSinger) May 24, 2026
And approximately 40% of Americans don't own stocks.
boognish_bear said:Hassett claims record low consumer sentiment is "driven by Democrats who have Trump derangement syndrome" pic.twitter.com/9xV1NCXyR4
— Aaron Rupar (@atrupar) May 24, 2026
This ****ing guy...
Jack Bauer said:boognish_bear said:Hassett claims record low consumer sentiment is "driven by Democrats who have Trump derangement syndrome" pic.twitter.com/9xV1NCXyR4
— Aaron Rupar (@atrupar) May 24, 2026
This ****ing guy...
Can't read the room worth a damn
But he can read what the king wants to hear.
Hassett has replaced Matt Gaetz as the politician with the most punchable face. https://t.co/YYh7uy2fod
— David Moser (@david__moser) May 25, 2026
BUDOS said:
But he can read what the king wants to hear.
Reminds us of how fruitful all the "No Kings Day" rallies were inasmuch as the USA has no king.
“Delta Dental calls itself a nonprofit — while its CEO took $48 MILLION in four years.”
— MatrixMysteries (@MatrixMysteries) May 25, 2026
Her pay ballooned from $4.5 million to $15 million a year.
Provider reimbursements were cut. Patients paid MORE.
‘Nonprofit’ for the tax break. For-profit at the top. pic.twitter.com/o7k9jXJh51
EatMoreSalmon said:boognish_bear said:America is so becoming so unaffordable, CBS is launching a new series called “Affordability in America”
— Wall Street Apes (@WallStreetApes) May 21, 2026
Americans are seeing price increases of an additional $50-$100 for the same cart of groceries in just one month
- 67% of Americans are stressed about financials
- 39% price… pic.twitter.com/pSQBhGjHRQ
America is so becoming so unaffordable, CBS is launching a new series called "Affordability in America"
Americans are seeing price increases of an additional $50-$100 for the same cart of groceries in just one month
- 67% of Americans are stressed about financials
- 39% price increases on tomatoes from last year
- Ground beef over $10 a pound in many grocery stores
- Fish and seafood up 6%
Nothing has felt affordable since Biden took office
It's not just groceries
Full-coverage car insurance has risen 43% nationally since 2021
- Coffee up 20%+
- Fruits and vegetables up 6%
- Rents have increased as much as 40% in some areas
Americans are being priced out of their own homes
Not saying food isn't going up, but where in the USA are people paying $10 a pound for ground beef?
It's close to that now at my local HEB. It was $10 per pound a few weeks ago and now is over $8 but it could easily go higher. Granted, I'm talking about extra lean. I won't buy beef with too much fat.
whiterock said:
Spot. On. The definition of inflation itself has been corrupted.
"The next mistake is visible in plain sight. Keynesians on Wall Street and inside the Fed are treating a supply shock as if it were a demand boom and calling for tighter money. This is dogma masquerading as seriousness. A chokepoint in the Strait of Hormuz, a jump in energy prices, and a cost shock rolling through transport, food, and manufacturing are not evidence of overheated demand. They are evidence of a damaged supply side."Let’s be honest.
— James E. Thorne (@DrJStrategy) May 22, 2026
Warsh at the Fed.
Kevin Warsh’s arrival at the Federal Reserve is not a personnel change. It is a regime change attempt inside an institution built to prevent one. A supply-sider now runs a central bank hard-wired for Keynesian demand management, and the… https://t.co/ONlZHsVzfd
Not a moment too soon
On the cost of fast food: it's still possible to save money depending on where you go, what you order, and how big your appetite. My appetite is not as great as it used to be do sometimes I order off the kid's menu. Other times, I will select a few low cost items that suit my tastes. Also, I often take good home and avoid the $3 sodas. A local DQ still has a combo mess as l for $6-7 with burger (or chicken of steak fingers), fries, drink, & ice cream. It's on the kid's menu but it satisfies. Similarly, I can get a decent meal at Sonic for less than $10 by taking it home. If one is creative, one should be able to do something similar at almost any fast food place.
Another way to save: get the app on your phone and take advantage of deals & rewards. My Mom had a McD's breakfast sandwich for $2.50 this morning.
Another way to save: get the app on your phone and take advantage of deals & rewards. My Mom had a McD's breakfast sandwich for $2.50 this morning.
RD2WINAGNBEAR86 said:whiterock said:
Spot. On. The definition of inflation itself has been corrupted.
"The next mistake is visible in plain sight. Keynesians on Wall Street and inside the Fed are treating a supply shock as if it were a demand boom and calling for tighter money. This is dogma masquerading as seriousness. A chokepoint in the Strait of Hormuz, a jump in energy prices, and a cost shock rolling through transport, food, and manufacturing are not evidence of overheated demand. They are evidence of a damaged supply side."Let’s be honest.
— James E. Thorne (@DrJStrategy) May 22, 2026
Warsh at the Fed.
Kevin Warsh’s arrival at the Federal Reserve is not a personnel change. It is a regime change attempt inside an institution built to prevent one. A supply-sider now runs a central bank hard-wired for Keynesian demand management, and the… https://t.co/ONlZHsVzfd
Since the "U.S. economy is Booming" and we have the "hottest economy in the world", and inflation is rising again, wouldn't an interest rate hike make the most sense? Trump can't have it both ways. At least he has shifted away from blaming Joe Biden for everything to blaming the Iran War. A war which he started.
read the article. It explains why raising interest rates in response to a supply side shock is counter-productive.
historian said:whiterock said:
Spot. On. The definition of inflation itself has been corrupted.
"The next mistake is visible in plain sight. Keynesians on Wall Street and inside the Fed are treating a supply shock as if it were a demand boom and calling for tighter money. This is dogma masquerading as seriousness. A chokepoint in the Strait of Hormuz, a jump in energy prices, and a cost shock rolling through transport, food, and manufacturing are not evidence of overheated demand. They are evidence of a damaged supply side."Let’s be honest.
— James E. Thorne (@DrJStrategy) May 22, 2026
Warsh at the Fed.
Kevin Warsh’s arrival at the Federal Reserve is not a personnel change. It is a regime change attempt inside an institution built to prevent one. A supply-sider now runs a central bank hard-wired for Keynesian demand management, and the… https://t.co/ONlZHsVzfd
Not a moment too soon
with this inflation and jobs number, Interests go up, not down. Warsh is just one of 12 votes. He is sober fella. I don't think he will be Trump Bootlicker. He will follow the Fed Mandate. Plus, he's worth hundreds of millions, so he doesn't need the $. He earned it and came by it the old fashioned way. Danny-Twink. Do you wear Este Lauder?
historian said:
On the cost of fast food: it's still possible to save money depending on where you go, what you order, and how big your appetite. My appetite is not as great as it used to be do sometimes I order off the kid's menu. Other times, I will select a few low cost items that suit my tastes. Also, I often take good home and avoid the $3 sodas. A local DQ still has a combo mess as l for $6-7 with burger (or chicken of steak fingers), fries, drink, & ice cream. It's on the kid's menu but it satisfies. Similarly, I can get a decent meal at Sonic for less than $10 by taking it home. If one is creative, one should be able to do something similar at almost any fast food place.
Another way to save: get the app on your phone and take advantage of deals & rewards. My Mom had a McD's breakfast sandwich for $2.50 this morning.
I gave up soda and stank in my coffee about 10 years ago. All the kids drink water. Reduces cost at restaurants and our health has improved. (I need to give up booze next)
Extra Lean in FL at Publix $12.78
Wise move.
I still drink soda on occasion, but it's rare. I generally drink water most of the time. Like you said, it's healthier. I gave up the booze long ago. It's far too expensive and I don't have to worry about driving after drinking water.
I still drink soda on occasion, but it's rare. I generally drink water most of the time. Like you said, it's healthier. I gave up the booze long ago. It's far too expensive and I don't have to worry about driving after drinking water.
FLBear5630 said:
Extra Lean in FL at Publix $12.78
Wow!
Yeah, the Maverick Ranch Ground Beef is cheaper.
Fifty-one Americans in the healthcare industry were included on Forbes‘ annual billionaires list.
— More Perfect Union (@MorePerfectUS) May 26, 2026
Americans are paying more than ever for healthcare, and 51 people have become billionaires because of it.
NEW: Starbucks CEO Brian Niccol made 1,794x the average worker at the company last year.
— More Perfect Union (@MorePerfectUS) May 26, 2026
New ballot initiatives in LA and San Francisco would force big corps like Starbucks to close pay gaps — by penalizing companies that insist on paying CEOs huge salaries while workers suffer. pic.twitter.com/N30hqf11zH
historian said:
Wise move.
I still drink soda on occasion, but it's rare. I generally drink water most of the time. Like you said, it's healthier. I gave up the booze long ago. It's far too expensive and I don't have to worry about driving after drinking water.
I'm the opposite of you. I recently started. I'm the guy on zoom meeting blowing bourbon in my coffee cup. Coffee is good today, I'm known for saying.
My doc gave me great advice a few years back. Drink coffee black and get workouts done before 7:00. He says "I'm busy, too"
Just be healthy! Living longer is a good thing.
boognish_bear said:NEW: Starbucks CEO Brian Niccol made 1,794x the average worker at the company last year.
— More Perfect Union (@MorePerfectUS) May 26, 2026
New ballot initiatives in LA and San Francisco would force big corps like Starbucks to close pay gaps — by penalizing companies that insist on paying CEOs huge salaries while workers suffer. pic.twitter.com/N30hqf11zH
Alternatively, Starbucks could penalize residents of LA and San Francisco by pulling out of those cities. Bye-bye- still more tax base.
The most demoralizing chart you will see today pic.twitter.com/pJIBiuXtCx
— Leyla (@LeylaKuni) May 26, 2026
boognish_bear said:The most demoralizing chart you will see today pic.twitter.com/pJIBiuXtCx
— Leyla (@LeylaKuni) May 26, 2026
And yet none of the tax-the-rich advocates ever comes out in favor of a national sales tax instead of an income tax. Go figure....wait.....I think I know why.
canoso said:boognish_bear said:The most demoralizing chart you will see today pic.twitter.com/pJIBiuXtCx
— Leyla (@LeylaKuni) May 26, 2026
And yet none of the tax-the-rich advocates ever comes out in favor of a national sales tax instead of an income tax. Go figure....wait.....I think I know why.
The top 10 percent of income earners pay 72 percent of taxes. Looks like a national sales tax would be more progressive.
Fox: One tried and true brand is making a big comeback as consumers tighten their wallets—Hamburger Helper. The mix of mac and cheese and ground beef is seeing a surge in sales. pic.twitter.com/zy0FHtYZ3L
— FactPost (@factpostnews) May 28, 2026
And at the same time, we got a big azz UFC Fight on the WH Lawn. Idiocracy is Here people! For all you young turks out there....go watch "Idioacracy" and tell me we anint living it! Awesome Piggy!
J.R. said:
And at the same time, we got a big azz UFC Fight on the WH Lawn. Idiocracy is Here people! For all you young turks out there....go watch "Idioacracy" and tell me we anint living it! Awesome Piggy!
Every day is to be celebrated as yet another opportunity to get up on the wrong side of the bed, isn't it?
J.R. said:
And at the same time, we got a big azz UFC Fight on the WH Lawn. Idiocracy is Here people! For all you young turks out there....go watch "Idioacracy" and tell me we anint living it! Awesome Piggy!
I saw idiocracy in the theater back when it came out and people still went to movies. Classic movie.
$200 is what he tips the kid to get his skis on his Vail Winter vacation..
Bessent: "Look, for many families, it's not nothing, but it's been less than $200 in extra gasoline costs" pic.twitter.com/rYTr6sO5fe
— Aaron Rupar (@atrupar) May 29, 2026
Thats just 100% BS from Smiley.
Hassett: "AI is creating jobs right now and the people who are using it are booming. It's not a negative employment story at all." pic.twitter.com/I2gTajrj7q
— Aaron Rupar (@atrupar) May 26, 2026
canoso said:J.R. said:
And at the same time, we got a big azz UFC Fight on the WH Lawn. Idiocracy is Here people! For all you young turks out there....go watch "Idioacracy" and tell me we anint living it! Awesome Piggy!
Every day is to be celebrated as yet another opportunity to get up on the wrong side of the bed, isn't it?
no clue what you are referring? That Trump is horrible for our country? I'm doing nothing but showing you who he really is ...a horrible pOTUS and person.
JUST IN: 🇨🇦 Canada officially enters a technical recession. pic.twitter.com/aXPP3MiZck
— Watcher.Guru (@WatcherGuru) May 29, 2026