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S4A Livestream #117: Bidenomics; USA Entering Recession or Vibecession?; Problem Banks; Chat; & More

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Articles:

https://biobot.io/from-raw-data-to-actionable-insights-biobots-evolution-of-public-data-sharing/

https://www.realclearpolitics.com/video/2024/05/08/president_biden_on_30_increase_in_grocery_prices_people_have_the_money_to_spend.html

https://www.politico.com/news/2024/06/07/biden-has-an-economic-story-to-tell-and-yet-00162338

https://www.forbes.com/sites/dereksaul/2024/05/22/no-were-not-in-a-recession-but-heres-why-many-americans-feel-like-we-are/

https://www.axios.com/2024/05/23/us-recession-economic-data-poll

https://money.cnn.com/2008/12/01/news/economy/recession/

https://www.usnews.com/news/business/articles/2024-02-15/recession-has-struck-some-of-the-worlds-top-economies-the-us-keeps-defying-expectations

https://fred.stlouisfed.org/series/csushpinsa#history

https://www.newyorkfed.org/microeconomics/hhdc.html

https://www.marketwatch.com/guides/banking/american-debt-2024/

https://fred.stlouisfed.org/series/fedfunds

https://www.msn.com/en-us/money/markets/federal-reserve-leaves-key-interest-rate-unchanged-amid-signs-inflation-is-starting-to-slow-further/ar-BB1o6OMl

https://www.npr.org/2024/06/07/1197959252/debt-gdp-ratio-growth-united-states

https://www.macrotrends.net/global-metrics/countries/USA/united-states/debt-to-gdp-ratio

https://fred.stlouisfed.org/series/GFDEBTN/

https://fred.stlouisfed.org/series/WALCL

https://finance.yahoo.com/news/zero-down-mortgages-back-sparking-235252851.html

https://www.businessinsider.com/63-problem-banks-517-billion-unrealized-losses-fdic-interest-rates-2024-6?op=1

https://www.investopedia.com/terms/u/unrealizedloss.asp

Timestamps:

0:00 Intro

4:29 Biobot.io stops making data public

9:39 Chat 1

35:56 Capitalism relies on ignorance

43:44 Bidenomics

1:06:55 Another "Vibecession" article

1:14:55 Debt to GDP Ratio

1:17:53 Yet another "Vibecession" article; 2007-2008 lookback; Other countries than the USA currently in recession

1:23:21 Bond yield curve inversion + underwater mortgages

1:33:07 Record debt levels show US workers are running out of money

1:47:40 Stock market melt-up can continue long after early recessionary signals appear

1:52:06 Federal Reserve interest rate cuts?

2:00:33 Zero-down mortgages

2:07:36 Problem banks carrying unrealized losses

2:13:52 Chat 2 & Thanks to the patrons

#s4a​​ #socialismforall​​ #socialism4all​​ #demexit #leftcoalition #leftcongress #revolution2030​​ #rev2030 #tatertube #socialism​​ #socialist #communism​​ #communist #marxism​​ #marxist #news #politics #antifa #antifascist #antifascism #sociology #sociologylecture #greenparty #democraticparty #democraticsocialism #union #labor #laborunion #laborhistory #freegaza #gaza #palestine #freepalestine #housing #housingcrisis #housingmarket #realestate #realestatemarket #economy #economics #environment #ecology #ecosocialism #ecosocialist

Socialism For All / S4A ☭ Intensify Class Struggle
Socialism For All
I’m a US American studying Marxism (anti-revisionist Marxism-Leninism).
I often post human-read audiobooks of socialist texts, & I organize them into playlists. I sometimes add comments to the text while reading, similar to making notes in a book, & I sometimes make efforts to explain difficult concepts in the texts, partly for myself & partly for newer listeners.
I also stream on Twitch (https://twitch.tv/socialisms4a) most Thursdays @ 1 PM Pacific/4 PM Eastern/7 PM UTC, & I later post the streams to YouTube. Stream dates & times are announced on the Community tab on YouTube & also on Bluesky, Mastodon, Tumblr, & Patreon.
After you've engaged with these online agitation and educational materials, I encourage you to get involved in your local left to network & become familiar with the existing parties, unions, & other groups engaging in class struggle in your area (not including Democrats, who are owned by the 1% & not a suitable forum for ideological struggle).