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r/economy

▲ 4.6k r/economy+7 crossposts

The true cost of Donald Trump's agenda has been calculated at $373 billion with everyday American families footing the bill for his trade wars.

It would have been nice if the US spent that money on building our critical mineral supply chain by building/funding more refineries. Ya know, since we dont have any.

u/DumbMoneyMedia — 5 hours ago
▲ 117 r/economy+1 crossposts

Trump drops $10 billion lawsuit against IRS in exchange for $1.7 billion toward a fund to compensate allies of Trump who allege wrongful treatment by the Biden administration

cnbc.com
u/Delicious_Adeptness9 — 5 hours ago
▲ 44 r/economy

Labor force participation has fallen to 61.5% — the lowest since 2021, erasing the entire post-pandemic recovery. Since Trump's inauguration, over a million people have left the job market — which explains part of the reason the unemployment rate dropped last month.

u/Conscious-Quarter423 — 3 hours ago
▲ 1.4k r/economy+6 crossposts

New York City Hasn’t Built This Many Apartments Since 1965

paywall: https://archive.ph/RXVud

submission statement: New York City added 38,682 apartment units last year, the most since 1965, driven by steady job growth, high rents, and new zoning and tax incentives. Despite soaring construction costs, developers remain optimistic due to sustained rent growth in the unregulated market. However, the city’s housing shortage persists, with an estimated 400,000 homes needed to meet demand.

wsj.com
u/UnscheduledCalendar — 10 hours ago
▲ 121 r/economy+1 crossposts

One hundred of America’s biggest corporations over the eight years since enactment of the 2017 Trump-GOP tax law have used their tax cuts to help repurchase $4.8 trillion of their own stock

u/Conscious-Quarter423 — 5 hours ago
▲ 129 r/economy+3 crossposts

Dallas Fed: "The Impacts of Unauthorized Immigration on U.S. Labor and Housing Markets: New Evidence from Administrative Microdata"

Submission statement: "Abstract: From early 2021 to early 2024, the U.S. experienced an unprecedented boom in unauthorized immigration, followed by a rapid slowdown beginning in mid-2024. We provide the first systematic empirical assessment of the labor- and housing-market effects of this episode. Using newly available administrative microdata on individual immigrants, we construct measures of net unauthorized immigration at the national and local levels and exploit plausibly exogenous variation across local markets. We find that unauthorized immigrant worker flows (UIWF) increased local employment approximately one-for-one, without significant declines in local wages. These inflows also raised local house prices and rents without expanding housing supply, consistent with a housing demand shock in the face of short-run inelastic supply. Lastly, we find that UIWF reduced labor income per capita, consistent with downward wage composition of the local workforce, and strongly reduced government transfers. These findings should help inform policy debates surrounding how unauthorized immigrant labor supply impacts local labor and housing markets as well as public finances."

dallasfed.org
u/UnscheduledCalendar — 10 hours ago
▲ 50 r/economy

Top economist says AI just hasn’t delivered on the productivity hype—and it means a 'painful repricing' of markets is very possible

fortune.com
u/yogthos — 4 hours ago
▲ 2 r/economy

Has the price of bottled water increased significantly since 1999?

I ask because the other day I bought a bottle of normal water at my local deli for $1. I distinctly remember being 6 in 1999 and my dad gave me a dollar to run into the store and buy a bottle of water (the first thing I ever "bought"). Has the price really not increased in 27 years, or was I just being ripped off then?

reddit.com
u/Few-Plantain-6158 — 1 hour ago
▲ 141 r/economy+6 crossposts

Morgan Stanley sounds the alarm on massive AI malinvestment, warns chip stocks could face a brutal 30 percent wipeout

We have a hyper-capitalist tech sector that has spent the last few years throwing hundreds of billions of dollars into a speculative AI bubble, completely unmoored from any actual consumer demand or real-world utility. Now even Wall Street institutions like Morgan Stanley are looking at the math and admitting that this massive, overhyped infrastructure boom is a house of cards. It is a textbook case of corporate herd mentality, where tech executives are so terrified of missing out on the next big narrative that they are overbuilding data centers and hoarding semiconductor inventory they do not even have a long-term plan for.

But the real tragedy here is not just rich investors losing their shirts when the market inevitably corrects. The actual disaster is the staggering, unconscionable waste of literal physical resources. We are talking about ripping massive quantities of critical minerals like copper, lithium, and rare earth elements out of the earth at an unprecedented rate, all to power energy-hungry data centers that are functionally being used to generate speculative hype.

Instead of organizing our global supply chains to allocate these highly finite, strategically vital minerals toward actual necessary projects like green energy grids or public infrastructure, we are burning through the planet's resource reserves just to inflate the short-term stock valuations of a few tech giants. It is an ecological and economic nightmare driven entirely by corporate greed and a total lack of structural foresight.

u/DumbMoneyMedia — 11 hours ago