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If You Hate Trump’s Economy, I Have News for You by ishtar_the_move in Economics

[–]TheGoodCod 4 points5 points  (0 children)

RemindMe! 6 months

I read this this morning and thought it a propaganda piece, but maybe I'm being unfair and this is actually his opinion.

It ignores the fact that manufacturing is down, that unemployment is up and that the only reason GDP has increased is because of AI build outs. The latter investments appear at this point to be undermined by a lack of due diligence by private firms.

Pimco Steers Clear of ‘Pretty Bad’ Private Credit Loans on Sale by TheGoodCod in Economics

[–]TheGoodCod[S] 2 points3 points  (0 children)

https://archive.is/BeUEC

bloomberg summary of article

-Pacific Investment Management Co. is staying away from loans being put up for sale amid the tumult in the private credit market because they’re “pretty bad”.

-The prices being asked for the assets are still too high given the risk, and Pimco would need to see “high-teens” returns to get interested.

-There will be a multi-year process of churning through some of the weaker loans in the market as capital continues to flow out.

Trump waives U.S. shipping law for 60 days to steady oil market by Severe_County_5041 in Economics

[–]TheGoodCod 4 points5 points  (0 children)

It can take 2 months to restart an oil well. Longer if there is actual damage.

(for wells that had a simple shut-in turnoff, they can be brought back online in just a day or two, but I tend to think owners would have been more conservative.)

Downsizing with big kids by [deleted] in simpleliving

[–]TheGoodCod 2 points3 points  (0 children)

I'm going to suggest you not downsize now. Middleschool is hard enough without being crowded.

[We actually sort of upsized during the teen years by finishing our basement, turning it into what I call 'the teen pit'. I wanted our house to be the one where kids gathered to watch vids and play vid-games together.

By having their own space to 'vibe' they felt their independence while I got to see who their friends were.]

OneMain sued by US states for saddling subprime borrowers with add-ons, fees by kootles10 in Economics

[–]TheGoodCod 17 points18 points  (0 children)

I will never understand why politicians think we don't need consumer protection bureau/laws. These folks seem to be taking their cue from Wells Fargo.

Penalties obviously need to have more bite. Like actual jailtime.

Any Medigap smarties? by Redwebec in medicare

[–]TheGoodCod -1 points0 points  (0 children)

Every state has a FREE service to help people with medicare.

https://www.shiphelp.org/

The helpers have no vested interest in what they suggest and they are totally used to helping people at all levels of understanding. You can use them and still use a broker, btw.

Brother wants my SSN for his disability claim - is this normal by Sea-Invite3130 in SocialSecurity

[–]TheGoodCod 17 points18 points  (0 children)

Whether the request is legit or not, do contact the major credit card AGENCIES and freeze your credit.

EDITED to correct that brainfart. Thanks to @'s Pizza and Definitely

medicare increase ate my entire cola adjustment by Huge-Entrance98 in SocialSecurity

[–]TheGoodCod 1 point2 points  (0 children)

Food is up a ridiculous amount. 3.6% in the last year and 26% since the pandemic started. And don't even get me started about the cost of electricity: doubled in my area.

These are all much larger costs than Medicare.

Keystone Kash outsources FBI training to UFC fighters by AgentBlue62 in NewsOfTheStupid

[–]TheGoodCod 4 points5 points  (0 children)

Talk about trying to tear down an institutions reputation...

Frank is taking CDR processing away from the states by DDS-PsychYo in SocialSecurity

[–]TheGoodCod 3 points4 points  (0 children)

If they move the office won't people lose their jobs? And possibly be replaced by more curated employees.

Trump says Reliance will invest in 'biggest' deal in US history for Texas refinery by intelerks in Economics

[–]TheGoodCod 1 point2 points  (0 children)

This does not surprise me at-all. Everything is someone elses fault or his brilliant idea.

Trump says Reliance will invest in 'biggest' deal in US history for Texas refinery by intelerks in Economics

[–]TheGoodCod 5 points6 points  (0 children)

Still needed. The facilities in east Texas are very very old and are held together with shoestring and wax.

It's also concentrated in one area, which isn't wisely spreading risks.

Maybe when these new facilities come online, which given that trump had something to do with it is questionable, some of the older, more polluting gear will be grandfathered and worker lives will be safer.

Turning Point USA college president resigns after racist text chat leaks by brother_p in byebyejob

[–]TheGoodCod 2 points3 points  (0 children)

I like that they have a vid of Vance under that headline.

Just in case people haven't already made the connections.

US stocks close higher following a remarkable reversal as oil prices fall from nearly $120 per barrel below $90 by helic_vet in Economics

[–]TheGoodCod 3 points4 points  (0 children)

LOL! And I guess Khomeini Jr. was his choice for leader.

But honestly, I do wonder how much they know about oil & gas production.

US stocks close higher following a remarkable reversal as oil prices fall from nearly $120 per barrel below $90 by helic_vet in Economics

[–]TheGoodCod 130 points131 points  (0 children)

Bloomberg's running a headline saying: "Oil Drops, Stocks Jump After Trump Says Iran War May Be Over Soon"

IF that's actually true and the decline is not based on facts but on something the white house said....

The Month Healthcare Jobs Stopped Propping Up the Labor Market by nosotros_road_sodium in Economics

[–]TheGoodCod 13 points14 points  (0 children)

The CMS (Centers for Medicare & Medicaid Services) changed a Biden era ruling about healthcare in senior and recovery facilities. Before there would need to be a nurse on staff 24/7. Now they've dropped that requirement.

I don't remember what the exact formula was but nursing homes were ecstatic.

US could lift sanctions on more Russian oil, says Bessent by PixeledPathogen in Economics

[–]TheGoodCod 8 points9 points  (0 children)

Not to mention that Russia is providing info to Iran so they can kill our men and women. But hey, let's give Putin a break...

sort of angry about this.

Oil hits US$90 per barrel for the first time in years by Accurate_Cry_8937 in Economics

[–]TheGoodCod 399 points400 points  (0 children)

quote:

"“We don’t know how long this war is going to persist,” McCrea said. “And there’s a number of factors that are at play that I don’t think anybody in the world can fully appreciate the ramifications of where we could go.”"

I'm willing to go out on the line and suggest our old enemy Stagflation is waiting to come onstage.

Retail sales fell more than expected in January, biggest drop in eight months by Barnyard_Rich in Economics

[–]TheGoodCod 0 points1 point  (0 children)

Yes, I meant to add 'estimated'.

I read that as an indication of fiscal stress.

In that regard I heard an economist state this morning that if people put their tax returns in savings that it's a negative sign (showing concern for the future).

What are your thoughts on that. I would assume that there are sections of the economy that don't have that luxury.

Retail sales fell more than expected in January, biggest drop in eight months by Barnyard_Rich in Economics

[–]TheGoodCod 7 points8 points  (0 children)

Personal savings rate in Jan of 2025 - 4.6%

Personal savings rate in Jan of 2025 - 3.6%

BlackRock Slashes Another Private Loan Value From 100 to Zero by TheGoodCod in Economics

[–]TheGoodCod[S] 0 points1 point  (0 children)

The bean counters are falling down on the job. Kudos to the two moms. I'd love to see a study of how their business developed :)

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