Notices by Murray Rothdruid (ampersand@radical.town)

I think financial literacy is a valuable service for leftists to provide. The problem is that the term is associated with jackoffs rambling about stock yields. Financial skills that are actually useful:

Dodging collections
Suing predatory financials
Default strategies
Identifying predatory financials
Strike organizing

@denikombucha As a rule, working folk should react to "the rich are hoarding liquid assets" as a really bad sign, since that means the rich think there's going to be a depression soon - a depressed economy means that homeowners and smaller businesses will be forced into selling at lower prices, which is why you want to have a bunch of liquid on hand to buy them when those people are desperate.

While us in the working class aren't the direct target of this pattern, we 100% are going to suffer massively, since the most important part of causing asset prices to tumble is to fire an assload of people.

This is a second brick in the "we are entering a recession" puzzle, after the increasingly poor job numbers, ESPECIALLY the report yesterday from BLS for May that is, to put it frank, deeply alarming.

Storm's a brewin, in other words.