Economics
148 unrolled threads about economics, each one readable on a single page.
Jeong@datchguy_xForbes just released its latest list of new billionaires under age 30. Here's a breakdown of the 21 billionaires under 30 🧵
SummaryForbes released a list of 21 billionaires under age 30, with only 2 being self-made while 19 inherited their wealth. The youngest, 19-year-old Johannes von Baumbach from Germany, is worth $5.4 billion purely from inheriting a stake in pharmaceutical company Boehringer Ingelheim, highlighting how most extreme wealth at young ages comes from family inheritance rather than entrepreneurship.Aug 18, 202525 tweets♥ 59.9K
Karl Mehta@karlmehtaMajor Breakthroughs in US-China Trade Negotiations. The US-China trade standoff just ended with a historic 90-day agreement. Chinese officials made THREE major concessions the media isn't reporting....
SummaryThe US and China reached a historic 90-day trade agreement after tariffs escalated to 125% on both sides. China made three major concessions: reducing tariffs by 115% to 10%, removing all non-tariff trade barriers, and unexpectedly addressing the fentanyl crisis. The deal establishes ongoing negotiation mechanisms to address the $1.2 trillion goods deficit and rebalance manufacturing between the two countries.May 12, 202516 tweets♥ 49.1K
Rod D. Martin@RodDMartinBREAKING: President Trump just hit Switzerland with a 39% tariff. The Swiss are panicking. Their government is holding emergency meetings. CEOs are begging for mercy. Here’s why it matters—and why i...
SummaryPresident Trump imposed a 39% tariff on Switzerland due to their $38.5 billion trade surplus with the U.S., higher than rates given to the EU and UK. The tariff has a one-week grace period before implementation, prompting Swiss emergency government meetings and offers to negotiate on LNG purchases and manufacturing investments.Aug 4, 20259 tweets♥ 50.1K
Africa First@AfricaFirstsA thread on Burkina Faso's 🇧🇫 President Ibrahim Traore, 37, and his leadership after two years since the coup🧵 1. In 2024, President Traoré launched the Postal Bank of Burkina Faso with a capital of...
SummaryPresident Ibrahim Traoré of Burkina Faso has implemented various economic and cultural initiatives over two years post-coup, including launching financial institutions, establishing gold refineries, nationalizing mines, promoting local textiles and languages, and expelling French troops. However, the thread notes that approximately 90% of claims attributed to Traoré circulating online are false, often spread by engagement farmers.Apr 23, 202531 tweets♥ 48.2K
D.O.G.E. Memecoin@doge_eth_govWe wanted to put together a high level thread explaining what's going on with the federal deficit and impending debt spiral we're facing without major reform. We needed the @DOGE a decade ago and it'...
SummaryThe U.S. federal government spent $6.5 trillion in FY 2024 while only collecting $4.9 trillion in revenue, creating a $1.8 trillion deficit. With $35 trillion in national debt and $950 billion annually spent on interest payments alone, the government faces a dangerous debt spiral where rising interest costs consume more tax revenue each year, reducing flexibility for other programs and creating economic risks if interest rates continue climbing.Feb 14, 202510 tweets♥ 47.6K
Tiffany Cianci@TheVinoMom🚨 THE NEXT 2008 IS HAPPENING NOW 🚨 Party City. Joann’s. Forever 21. Big Lots. ALL COLLAPSING. But this isn’t just “retail struggling.” This is financial arson. Private equity rigged the system. T...
SummaryPrivate equity firms are using leveraged buyouts with variable-rate debt (CLOs) to extract wealth from profitable companies like Joann's and Party City, replicating the 2008 financial crisis playbook but hiding toxic debt in pension funds instead of mortgages. The author argues closing the carried interest loophole is key to stopping this financial engineering scheme.Mar 17, 202513 tweets♥ 39.8KRod D. Martin@RodDMartin🚨BREAKING: Ford CEO SHOCKS markets - backs Trump's tariffs & drops MASSIVE news about "employee pricing" Let me break this down for you...🧵
SummaryFord CEO endorses Trump's tariff policies and extends employee pricing discounts to all consumers through July 4th, while the administration implements 25% tariffs on auto parts with credits for U.S.-assembled vehicles to incentivize domestic manufacturing.Apr 30, 20259 tweets♥ 49KRod D. Martin@RodDMartin🧵BREAKING: Why America holds ALL the cards in the US-China tariff showdown. A thread on how Trump's playing hardball while Xi's running out of moves...
SummaryTrump's 54% tariffs on China put Beijing in a losing position because China's trade surplus makes them more vulnerable to tariffs than the US, Xi cannot politically back down without appearing weak, and 70 countries are already negotiating zero-tariff deals with America while China has limited countermeasures.Apr 8, 202513 tweets♥ 48.6K
Adam Oxsen@AdamOxsenIn 1970, the UK and Norway both discovered oil in the North Sea. The UK sold their reserves to private markets while Norway kept state ownership. This ONE decision created the biggest wealth gap in...
SummaryIn 1970, the UK privatized its North Sea oil reserves while Norway maintained state ownership and created a sovereign wealth fund. Norway's fund is now worth $1.3 trillion ($150,000 per citizen), while the UK receives minimal revenue, demonstrating how resource management policy dramatically impacts national wealth distribution.Mar 8, 202512 tweets♥ 44KRod D. Martin@RodDMartinTHREAD: 🚨 ICYMI: The Senate rammed through Trump's agenda in a late-night power move. LONG HOURS: The vote went down at 3AM. Final tally: 51-48. Buckle up - this is HUGE for Trump and the America...
SummaryThe Senate passed a major legislative package at 3AM with a 51-48 vote that includes permanent Trump tax cuts, border wall funding, $150 billion defense increase, and $4 trillion in spending cuts. The bill now heads to the House, where Republicans aim to pass it through reconciliation to avoid a Democratic filibuster.Apr 7, 20259 tweets♥ 45K
Ben See@ClimateBenBREAKING: scientists hold back tears and shake their heads sadly as they explain utterly compromised COP29 climate conference was meant to be the last chance to organise rapid and deep emissions cut...
SummaryScientists express despair over the failed COP29 climate conference, warning that 1.5°C warming is now inevitable in the 2020s and 2°C will likely occur by 2030-2050, making rapid emissions cuts impossible. The thread argues that climate change combined with biodiversity destruction driven by industrial capitalism's profit-maximization creates an extinction-level crisis that requires immediate systemic economic change.Nov 17, 20245 tweets♥ 48.3K
Ole Lehmann@itsolelehmannWhile the West crumbles, one Eastern European nation is quietly building a superpower: • Outpacing US economy • Strongest military in Europe • Silicon Valley's new favorite $62.7B hub The rise of Po...
SummaryPoland has transformed from a post-communist nation into a rapidly growing economic powerhouse and Europe's strongest military, attracting major tech investments and reversing brain drain through business-friendly policies, low taxes, and a strategic blend of Western innovation and Eastern work ethic.Nov 19, 202420 tweets♥ 51.6K
Damian Caraballo MD@813JAFERDIf you want to see why people are so vicious towards United Healthcare right now, let's do a thread on some of the most egregious health insurer behaviors 🧵
SummaryUnited Healthcare, the 8th largest company globally with $389B in revenue, has a documented history of denying 32% of claims (highest among insurers), operating a known-faulty AI denial system with a 90% error rate, and defrauding the federal government of $3.2B. Since the ACA, health insurer stock prices have surged over 800% while out-of-pocket costs for Americans have skyrocketed 67%, contributing to 80% of medical bankruptcies occurring among the insured.Dec 5, 202411 tweets♥ 42.9K
Jakob Hanke Vela@HankeVelaBrussels is watching amazed, as Trump destroys the US economy. "Nobody in the Commission thought that the US government would be this stupid and self-destructive," an EU official tells me. "That they...
SummaryEU officials are watching Trump's trade policies damage the US economy and markets while preparing their own countermeasures but deliberately avoiding escalation. They believe the internal economic collapse is doing more harm to America than any EU retaliation could, so they're maintaining a calm, patient stance while letting market forces work.Apr 7, 20257 tweets♥ 44.4K
Avelino Guido@AvelinoGuido28Adik-adik, kakak-kakak semuanya. Kali ini gw mau bicara tentang sesuatu yang sudah menyiksa rakyat Indonesia selama bertahun-tahun. Bukan korupsi. Bukan inflasi. Tapi sesuatu yang lo rasain setiap kal...
SummaryIndonesian domestic flight tickets are extremely expensive due to market monopoly, excessive taxation, and inefficiency. Two airline groups control 96% of the market, there's an 11% PPN tax unique to domestic flights, and government subsidies create a cycle where taxpayers pay twice. The situation is so absurd that disaster relief volunteers were routed through Malaysia because international flights were cheaper.May 4, 202612 tweets♥ 30.5K
derek guy@dieworkwearI respectfully disagree. To me, this represents a poor financial decision. Let me show you why. 🧵
SummaryA thread comparing a $350 Saint Laurent card case made with machine-sewn stamped calfskin to handmade alternatives from independent artisans like Chester Mox, arguing that small craftspeople offer better quality and value than luxury designer brands that rely on celebrity endorsements and profit margins on accessories.May 31, 202518 tweets♥ 53K
Peter Navarro@RealPNavarroEver wonder why you don't see Ford Mustangs, Jeep Wranglers, or Chevy Silverados cruising through Paris, Rome, or Berlin? It's not because Europeans don't love American cars. It's because the Europe...
SummaryThe thread argues the EU uses tariffs and non-tariff barriers to block American cars from European markets while allowing European automakers to dominate the U.S. market, creating a $236 billion trade deficit. Trump's reciprocal tariffs and 25% auto tariffs are presented as a strategy to force fair trade practices.May 16, 20258 tweets♥ 41.7K
Nicole Shanahan@NicoleShanahanHaving lived in Silicon Valley for 20+ years and founded and sold an AI company, I've seen firsthand how we rely on H-1B to fill grueling, unglamorous coding jobs. These jobs are essential, and we nee...
SummaryA Silicon Valley founder argues the H-1B visa system needs major reform, as it creates indentured servitude for foreign workers at suppressed wages while discouraging qualified Americans from tech careers. He proposes adopting Singapore's model with employer levies, dependency ceilings, and special economic zones to prioritize American workers and force companies to pay competitive wages.Dec 27, 202412 tweets♥ 40.3Kderek guy@dieworkwearSome misinformation in today's US presidential debate about who bears the cost of tariffs. So let's talk about how tariffs affect what you pay for a suit. 🧵
SummaryA detailed breakdown of how 25% tariffs on imported suits from China increase consumer prices by $150-240 per suit through the supply chain, with US brands passing the tariff costs to shoppers via their typical 60% markups. The thread argues that while tariffs aim to incentivize domestic manufacturing, most consumers won't voluntarily pay higher prices for US-made clothing.Sep 11, 202420 tweets♥ 40.8KRod D. Martin@RodDMartin