US Economy - News, Updates and Discussion

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JPMorgan analysts recently warned that the industry is descending into a black hole, or a "metaphorical point of no return," where the "global aluminum market will face a serious and prolonged supply outage," even if vessel flows through the Hormuz chokepoint resume in the near term.

Additional market warnings:

The great aluminum squeeze is underway. Prices are likely going higher.

 
Well this certainly isn't good news. Taken from thestreet.com :

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Parent article is on Financial Times which is a paywall for me.
 
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Well this certainly isn't good news. Taken from thestreet.com :

View attachment 199221

Parent article is on Financial Times which is a paywall for me.
Post in thread 'US Perspective on the Iran - Israel / US War' https://defencepk.com/forums/threads/us-perspective-on-the-iran-israel-us-war.31323/post-1297777

Posted the article in the US Perspective thread because the oil expert gives a timeline of when prices will really go up if the Straight doesn't get back to normal anytime soon. However, more and more analysts are now coming to the conclusion a rough road ahead for the economy regardless of what happens. The damage has been done.

Fertilizer is another area to watch. Learned farmers in the Midwest buy their fertilizer in July for the following year planting when prices are typically lower.

2027 will be the year to watch farm reports.
 
Post in thread 'US Perspective on the Iran - Israel / US War' https://defencepk.com/forums/threads/us-perspective-on-the-iran-israel-us-war.31323/post-1297777

Posted the article in the US Perspective thread because the oil expert gives a timeline of when prices will really go up if the Straight doesn't get back to normal anytime soon. However, more and more analysts are now coming to the conclusion a rough road ahead for the economy regardless of what happens. The damage has been done.

Fertilizer is another area to watch. Learned farmers in the Midwest buy their fertilizer in July for the following year planting when prices are typically lower.

2027 will be the year to watch farm reports.
You know it. I know it. A number of others know it.

Except for one person.

On the upside, you can wait for your chance to add a $250 US note to your collection:

 
You know it. I know it. A number of others know it.

Except for one person.

On the upside, you can wait for your chance to add a $250 US note to your collection:

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For more detailed information, see our cookies page.
 
Not hard to understand why credit card debt is increasing.

What's worse is knowing a good number of those people will be declaring bankruptcy as a result.

People are also tapping more and more into whatever 401k reserves they may have built up too. This will degrade their retirement hugely far into the future.
 
04/02/2026•Robert P. Murphy

This week, Bob explains Cantillon effects: the insight that new money doesn’t raise all prices equally or simultaneously, but flows through the economy in a sequence that benefits early recipients at the expense of everyone else. Then, he shows why this phenomenon is the foundation on which the entire Austrian theory of the business cycle is built.

 
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Kevin O'Leary addresses 'misinformation' on Utah data center project​


Kevin O'Leary claims Chinese propaganda is to blame for anti-datacenter backlash, 'hundreds of millions of dollars' being spent to kill US dominance in AI'​


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To say that data centers are becoming unpopular would be the understatement of the decade. Cities, states, and countries are racing to impose strong restrictions on new buildouts, when they're not banning them altogether. Predictably, Utah residents are up in arms about Shark Tank billionaire investor Kevin O'Leary's new $100-billion, 40,000-acre data center. There's a twist, though: O'Leary, the Trump administration, and pro-industry groups claim the opposition is driven by Chinese propaganda, as detailed in an exposé at The Washington Post.

O'Leary, or "Mr. Wonderful," as he's known to friends, made this statement for the first time in a May 10 interview with Fox News, further expanding it across subsequent TV interviews and X posts. He added claims that "hundreds of millions of dollars" coming in from China make up the effort, often funneled through other nations to reach paid protesters, which, in the case of Utah, were allegedly 90% bussed in.

The Post report also notes that some U.S. officials have expressed similar views, such as Interior Secretary Doug Burgum, who has stated that "[opposition is] not organic and local. Some of this is foreign source dark money coming in," adding later on that "any place that's trying to build data centers is getting bombarded with foreign-directed propaganda." As of this writing, neither O'Leary nor Burgum has provided verifiable evidence for these claims. Interestingly enough, O'Leary also believes that regular power plant projects are also being targeted by foreign astroturfing.
 
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