Liberals don’t want you to know this but you can eat 2 steaks for dinner whenever you want
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The US wealth divide has never been bigger:
The top 20% of earners now account for ~58% of all personal spending in the US, the highest proportion on record.
At the same time, the bottom 80% account for just ~42%, the lowest on record.
This comes as personal outlays growth for the top 20% has averaged +8.3% per year since the 2020 pandemic, almost double the +4.5% seen for the bottom 80%.
Over the last year, the gap has widened further, with the top 20% seeing a +6.5% increase in spending, compared to +2.6% for the bottom 80%.
To put this into perspective, in the 1990s, both groups accounted for roughly equal proportions of total personal spending, at ~50% each.
Asset owners are the only winners in this economy.
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The top 20% of earners now account for ~58% of all personal spending in the US, the highest proportion on record.
At the same time, the bottom 80% account for just ~42%, the lowest on record.
This comes as personal outlays growth for the top 20% has averaged +8.3% per year since the 2020 pandemic, almost double the +4.5% seen for the bottom 80%.
Over the last year, the gap has widened further, with the top 20% seeing a +6.5% increase in spending, compared to +2.6% for the bottom 80%.
To put this into perspective, in the 1990s, both groups accounted for roughly equal proportions of total personal spending, at ~50% each.
Asset owners are the only winners in this economy.
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NEW - Multiple buildings destroyed in Catia La Mar, La Guaira after powerful earthquake in Venezuela
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Meanwhile kalshi literally has a *fake trade generator* on their official website
kalshi(dot)tools/trade-slip
You are supposed to "validate" your trade by pasting a valid trade ID, but the system doesn't actually check the ID.
Type any 11 characters string and you will be able to remove the "Preview" watermark and make it look legit.
I don't even have a problem with the feature (expect for the dishonesty of the fake ID verification), I just find it funny that polymarket is enduring a coordinated media campaign about potential fake trades while their main competitor is doing it openly and no one cares.
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kalshi(dot)tools/trade-slip
You are supposed to "validate" your trade by pasting a valid trade ID, but the system doesn't actually check the ID.
Type any 11 characters string and you will be able to remove the "Preview" watermark and make it look legit.
I don't even have a problem with the feature (expect for the dishonesty of the fake ID verification), I just find it funny that polymarket is enduring a coordinated media campaign about potential fake trades while their main competitor is doing it openly and no one cares.
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BREAKING: The Fed’s balance sheet rose +$11 billion in the week ending June 17th, to $6.74 trillion, the highest since March 2025.
Total assets have risen +$162.8 billion since the start of the year.
This has been driven by Treasury holdings, which have surged +$251.8 billion over this period, to $4.49 trillion, the highest since June 2024.
At the same time, holdings of Mortgage-Backed Securities have declined -$74.2 billion, to $1.96 trillion, the lowest since September 2020.
The Fed's balance sheet is now 76% above pre-pandemic levels.
The Fed's balance sheet continues to expand.
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Total assets have risen +$162.8 billion since the start of the year.
This has been driven by Treasury holdings, which have surged +$251.8 billion over this period, to $4.49 trillion, the highest since June 2024.
At the same time, holdings of Mortgage-Backed Securities have declined -$74.2 billion, to $1.96 trillion, the lowest since September 2020.
The Fed's balance sheet is now 76% above pre-pandemic levels.
The Fed's balance sheet continues to expand.
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DEI - The first year that the phrase “diversity, equity, and inclusion” (or “equity, diversity, and inclusion”) was used in the title or abstract of an article indexed in PubMed was 2020. Between 2020 and 2025, the phrases “diversity, equity, and inclusion” and “equity, diversity, and inclusion” were used in the titles or abstracts of 416 articles indexed in PubMed. Use of these phrases peaked in 2024 (136 articles) and decreased in 2025 (96 articles)
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Kekking so hard at the idea of a bewildered Anglo watching a little half-dead jeet baby on fire outrun a group of fully-grown Indian men like a live-action Looney Tunes cartoon
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