Sunday, October 26, 2025

US: The Casino Economy

It Is Trump’s Casino Economy Now. You’ll Probably Lose.
https://www.nytimes.com/2025/10/26/opinion/trump-economy-casino.html
Donald Trump campaigned on bringing back American manufacturing and rebuilding what America once was — factories, workers in hard hats — from the ground up. But the investment needed to get there, in both the factories and the workers, hasn’t happened. What he has ushered in instead is a casino economy, built on speculation and risk. Across markets and policy, wagers on the future are being made with other people’s money at a cost that could prove catastrophic. 

The Economy That’s Great for Parents, Lousy for Their Grown-Up Kids
https://www.wsj.com/personal-finance/old-young-economic-divide-7a5203f0
Many older Americans are financially comfortable, but they worry their adult children won’t achieve the same kind of economic stability.

Government shutdown hasn’t left US consumers glum about the economy – for now, at least
https://theconversation.com/government-shutdown-hasnt-left-us-consumers-glum-about-the-economy-for-now-at-least-267264