Category: Reddit Post

Trump Crypto Holdings

Trump’s assets and income filings listed $1 million to $5 million in a ethereum cryptocurrency wallet. Trump’s wallet holds $3.5 million in assets, including 492 Ethereum ($1.28 million) and another 377 Wrapped Ethereum ($977,000). He also holds six-figure positions in obscure memecoins including TROG ($372,000) and GUA ($345,000). The wallet holds around $136,290 in the stablecoin USDC. https://preview.redd.it/6sajf3cb7hjd1.png?width=1141&format=png&auto=webp&s=fb2629a76a4ca9aeace93f92deb1f10c75f2909d submitted by /u/Lor1al [link] [comments]

How serious is the U.S. federal debt situation?

https://preview.redd.it/ew65563wvgjd1.png?width=609&format=png&auto=webp&s=e3d11b11d97afddd2ab2b2630e6afd00d9fa9f8e Net interest expenses on U.S. federal debt as a percentage of GDP are projected to nearly triple the share of defense spending by 2054. By 2054, net interest expenses are expected to reach 6.3% of GDP, while defense spending will account for 2.3% of GDP. For comparison, since 1973, net interest expenses have averaged only 2.1% of GDP, which is just one-third of the projected 2054 amount. Meanwhile, nominal interest payments are forecasted to reach a MASSIVE $1.7 trillion by 2034, which is 2.6 times higher than the $658 billion recorded in 2024. Calling it a debt crisis is an understatement. submitted by /u/XGramatik [link] [comments]

How inaccessible has the U.S. become?

https://preview.redd.it/pnabhjuse9jd1.png?width=863&format=png&auto=webp&s=467e3712877b361fbe8d5bd428fec67cd1aabe85 While the CPI inflation in the U.S. has risen by approximately 6.0% over the past 2 years, inflation on many essential goods has been much higher. Transportation service prices have surged by 18.5% since June 2022. During the same period, housing and services inflation increased by 13.5% and 11.0%, respectively. Prices for water, sewage, waste disposal, and electricity have risen by around 10%. Even food and beverage prices have gone up by 8% since June 2022. Affordability continues to deteriorate. submitted by /u/XGramatik [link] [comments]

A court in Dubai has ruled that salary payments in cryptocurrency are legal

In a dispute over unpaid wages between an employer and a former employee, the court determined that the salary should be paid in the tokens specified in the employment contract. The plaintiff sued his former employer for failing to pay his salary. The employment contract stated that the salary would be paid in fiat currency and partially in EcoWatt tokens. The company did not transfer the cryptocurrency portion for six months, prompting the employee to take legal action. In 2023, the court acknowledged the inclusion of EcoWatt tokens in the contract but did not enforce the payment. In 2024, the court ruled in favor of the employee and ordered the payment to be made in cryptocurrency without conversion to fiat. submitted by /u/FXgram_ [link] [comments]

Report: hacking losses rise to $1.58bn in the first half of 2024.

Experts have prepared a report with a detailed analysis of cybercrime in the crypto industry. According to Chainalysis, hackers stole $1.58bn in the first half of 2024. Analysts have warned of an increase in the use of ransomware and the average amount of funds stolen as a result of a hacker attack. https://preview.redd.it/19eplsn1s2jd1.png?width=719&format=png&auto=webp&s=efa3d8947d6cd26ecdad12c2095f22d54c0cda3b submitted by /u/Lor1al [link] [comments]

Historically, the unemployment rate increases by 0.5–1.0 percentage points within the first four months of the onset of a recession. Will the rise in unemployment in the U.S. accelerate?

https://preview.redd.it/rbgnx1q023jd1.jpg?width=818&format=pjpg&auto=webp&s=91718abaefdbb56bbb7aeb89242339bd806c33f5 In this cycle, the unemployment rate has risen by 0.5 percentage points over the past 4 months, reaching 4.3% in July, the highest level since October 2021. History shows that if a moderate recession occurs, the unemployment rate could exceed 6% by the end of 2025. The unemployment rate has already surpassed the 36-month moving average for the first time in 4 years. Every time this has happened in the past, a spike in unemployment followed. submitted by /u/FXgram_ [link] [comments]

Sweden’s new migration policy

The Government of Sweden. Sweden’s migration policy is undergoing a paradigm shift. The Government is intensifying its efforts to reduce, in full compliance with Sweden’s international commitments, the number of migrants coming irregularly to Sweden. Labour immigration fraud and abuses must be stopped and the ‘shadow society’ combated. Sweden will continue to have dignified reception standards, and those who have no grounds for protection or other legal right to stay in Sweden must be expelled. submitted by /u/Ankle_be [link] [comments]

It now takes an annual income of at least $200,000 to buy a typical home in 17 major U.S. metro areas.

https://preview.redd.it/ar3cjxnaj0jd1.png?width=638&format=png&auto=webp&s=39ae782fb92e20405462bfdb58ee07b8a1dd35b8 The most expensive area is San Jose, California, where a household needs to earn $587,000 a year to afford the average home. For the first time in history, the median home sale price in the San Jose metro area has reached $2 million. Meanwhile, the median sale price of existing homes in the U.S. increased in 199 out of 223 metro areas in the second quarter of 2024. submitted by /u/XGramatik [link] [comments]

TRUMP: “On Day One, we’re going to drill, baby, drill — and CLOSE THE BORDER.” – BUT it needs to be reminded: US crude oil production has officially hit a record 13.4 million barrels per day.

https://reddit.com/link/1etjd5w/video/9c5aeripizid1/player FYI: US crude oil production has officially hit a record 13.4 million barrels per day. Daily oil production has increased by 22% over the last 4 years. Since 2008, production has skyrocketed 350% from ~3.8 million barrels per day. The US is now the world’s largest oil producer exceeding Russia’s output by ~35% and Saudi Arabia by ~38%. The US is dominating global oil production. submitted by /u/XGramatik [link] [comments]

According to Reventure, mortgage demand in the U.S. officially declined again in August, approaching its lowest level since 1995.

https://preview.redd.it/i0i1l07j9zid1.png?width=1095&format=png&auto=webp&s=fb20d8dd68570c3de05e6ea474809fa656adb1ee The number of mortgage applications for home purchases in the U.S. fell by 8% year-over-year in August. Moreover, mortgage demand is currently down by approximately 50% compared to pre-pandemic levels. And this is despite the fact that since May, 30-year fixed mortgage rates have decreased by nearly 100 basis points. As of today, the housing market is entirely dependent on supply. submitted by /u/XGramatik [link] [comments]