A year since Japan’s historic rate hike, its biggest banks are booming, consumers are forced to scrimp while higher borrowing costs are fueling a battle over how the government can rein in its outlays. https://www.japantimes.co.jp/business/2025/03/17/economy/a-year-after-japans-rate-hike/?utm_medium=Social&utm_source=mastodon #business #economy #inflation #boj #japaneseeconomy #banks

Though it harbors deep mistrust of the United States and its president, Tehran is increasingly concerned that mounting public anger over economic hardships could erupt into mass protests, officials say. https://www.japantimes.co.jp/news/2025/03/17/world/politics/iran-rulers-trump-economy/?utm_medium=Social&utm_source=mastodon #worldnews #politics #iran #masoudpezeshkian #us #donaldtrump #economy #economicindicators

#TradeWar Retaliation Will Hit #Trump Voters Hardest

As Trump imposes #tariffs on products from countries around the world, foreign govts are answering back w/tariffs of their own.

#China has targeted corn farmers & carmakers. #Canada has put tariffs on poultry plants & A/C manufacturers, while #Europe will hit American steel mills & slaughter houses.

#economy #USpol
https://www.nytimes.com/interactive/2025/03/15/business/economy/tariffs-trump-maps-voters.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=p&pvid=8B150285-9181-4370-B044-3C628C7B26D9

Anderson!
#Economy #WallStreet #Stocks #Trumpernomics

Younger Americans don't have enough saved to cover a single month of spending, showcasing their vulnerability should the economy head into a downturn. Members of #GenZ spending twice the amount they had in savings on average in February. The ratio has increased in the past 2 yrs, and is much higher than for other generations...they tend to spend a bigger share of their incomes on necessities including #rent and #utilities. https://fortune.com/2025/03/14/gen-z-americans-dont-have-enough-saved-to-cover-a-single-month-of-spending/ #economy #economics #stockmarket #spending

Canadian stocks to beat U.S. for longest stretch since 2022

> If the current trend holds, it would be the third straight quarter for Canada’s market to outpace its #US counterpart
https://financialpost.com/news/canada-stocks-us-longest-stretch-2022 #CANADA #economy #stocks

“Consumer sentiment is declining rapidly for HHs

•Consumer worries about losing their jobs are at levels normally seen during recessions

•A record-high share of consumers think business conditions are worsening

•HH’s income expectations are declining

•Inflation expectations are rising at an unprecedented speed

The bottom line is that consumer sentiment is
DETERIORATING AT AN ALARMING RATE.”
-T Slok, economist at Apollo

This week's comic: Playing the wealth card

#russia is definitely losing the #war against Ukraine, because they are making no significant progress, have a lot less territory occupied than in 2022, and #Ukraine continues getting stronger and receiving more support every month.

On the other hand, russia seems to be winning the war against the #US, as international allies are cutting down military dependency because of American traitors in the White House, and decoupling from their #economy because of self-harming tariffs.

U.S. Commerce Secretary Howard Lutnick on Friday ruled out any exemptions for Japan and other American allies for tariffs on automobiles set to go into effect early next month. https://www.japantimes.co.jp/business/2025/03/15/economy/commerce-secretary-auto-tariffs-japan/?utm_medium=Social&utm_source=mastodon #business #economy #us #usjapanrelations #tariffs #carmakers #tradewar #trade

The Japanese, Chinese and South Korean governments are considering holding a meeting of their trade ministers in Seoul later this month in what would be their first meeting since the one held in Beijing in December 2019. https://www.japantimes.co.jp/business/2025/03/15/economy/japan-china-south-korea-trade-ministers/?utm_medium=Social&utm_source=mastodon #business #economy #southkoreajapanrelations #chinajapanrelations #trade #us #donaldtrump #tariffs #tradewar

https://www.europesays.com/1914101/ Brexit Britain is being outstripped by Slovenia and Malta #brexit #Economy #malta

So it turns out that Cuck Schumer is another weak politician trying to hang onto his job instead of pushing back against the Trump/Musk regime.

Where is his fight?

For decades, New Yorkers knew that Trump and the Trump family f..ked everybody over, stiffing everyone they dealt with from contractors to lawyers.

So why would anybody think he’s unwilling to continue doing the same with American businesses and allies?