Mortage rates improve, auto loan rates improve, debt interest rate goes down and the overall job market should become more robust.

The only blatant negative are high interest saving accounts losing their rates.

House prices may go up with this, but with mortgage rates going down it kind evens out

It is going to give the economy more juice because businesses will start taking out more money, it lessens the chance of a recession, and it makes it easier for people to get mortgages (because the interest rate is lower)

yep

HYSA's are cooked

I had a 6.5% savings account I was getting tons of interest from the last year from my credit union

was paying my student loans with my HYSA with the interest it earns every month

will still have it taken out of that account of course, but now with new rates my loan will be easily more than the interest

Good luck brother, f*** a student loan

They know this is good electoral news for Kamala/the Dems lol

This is not something that is automatically going to make her rise in the polls btw

It’s more of a long game thing. There’s only less than two months left so it may not even have time to have a huge effect, but over the next 2 months it will slowly but surely lead to more jobs and people getting homes, so it will slowly have a net positive effect on the incumbent parties electoral outcome

Do they think this is a winning strategy or are they all truly idiots completely lost in the sauce?

I mean this rhetoric is hugely popular in rural PA lmao

Tbh, cacs gonna c**

Johnson coping so hard

jimmy dore is so strange, he tells the truth about 9/11 which could get his channel deleted but lies about a debate we all saw with our own eyes

"Kids Online Safety Act. This article will explaine it better than me, essentially it gives the government a lot of control under the guise of preventing kids from looking at p*** or something."

eff.org/deeplinks/2024/09/new-us-house-version-kosa-doesnt-fix-its-biggest-problems

Does anyone know more about this?

teamsters endorse no candidate, members swing to Trump

Another recession is inevitable, it’s a matter of how long it can be forestalled

In any case, recessions are dependent on what goes on in the productive sectors of the economy. Right now, that’s not looking so rosy. Notice how nearly all the job gains from last month are in unproductive service sector, while the major productive sectors are bleeding jobs

Additionally, the manufacturing PMI has been below 50 for the last two months (and august had to be revised down from initial reports). This indicates the productive sectors are contracting, which is a strong sign of rocky times ahead

And the Sahm rule has been triggered, which has shown itself to be a reliable predictor of impending recessions.

The economy is much more than the stock market. Using this as a barometer for the health of the economy is a surefire way to get caught with one’s pants down. Capital often flees to speculative assets when the rate of profit isn’t adequate in the productive sectors. Even mainstream research has acknowledged that the stock market is not really correlated with the health of the economy, and that there may even be a negative correlation (there is)

but why can’t they endorse the candidate?

Politics, lol. Trump is anti-union but are the workers really part of an organization formed by workers' voices if they don't endorse who the majority want?

Kishore is the only presidential candidate who actually fought against the IBT bueracracy and stood up for part-timers at UPS.

Say what you will about Harris but you gotta be the most braindead Fox News brain mfer if you are deeply connected to a union and you are voting for the guy who installed 3 Supreme Court Justices who will implement the most anti-union agenda for another 2-3 decades

So taking it down to my state gubernatorial election for a second, this Mark Robinson story has gotta be so crazy that even Trump wants him to drop out

Btw the deadline to drop out is tonight so the gubernatorial race here in NC might be a layup for Josh Stein

Edit:

And now we're here

Oh this dude must have done something F***ED.

Because the GOP stood behind a legit verifiable pedophile/sexual predator (Roy Moore), so to tell Robinson he needs to step aside…

businessnc.com/upcoming-cnn-story-has-robinson-on-defense

“The main ones I remember were that they were alleging he made some extremely racist comments about Martin Luther King, referred to himself as a Black Nazi and used antisemitic language referring to Jews,” Williams stated in the text message.

Apparently he was saying this on an "adult site"

Talking about being a black Nazi on p*** forums is INSANE