Can’t tell if this is a joke but when you think about it European goods are what like less than 1% of the consumer basket? And if only rich people buy them, they will probably keep buying them. Maybe hurts food Tiktok though :(

They’re opening a Louis Vuitton factory in Texas. Thank god. I was starting to get worried about my purchasing power.

Los últimos datos de EU_Eurostat lo dejan claro: la economía española lidera el crecimiento en Europa y, pese al impacto de la pandemia, es hoy un 13% mayor que en 2018. Hemos crecido casi el doble que Francia e Italia, y 6 veces más que Alemania.

I think what the Federal Reserve did was the prudent thing under the circumstances. It wouldn't surprise me greatly if it turned out that the economy had slowed and we wish we had cut rates now. But, if that error has been made, it's an easily correctable error. Whereas if you

From the Financial Times: "Banks and Big Tech are booming but slowing US growth is hurting other companies across the board." #economy #markets #tech #banks

What does it mean when banks and big tech are churning record profits while the rest of America’s private sector has grown relatively slow in comparison? What will happen to banks and big tech if most firms stop selling things and consumers stop buying things?