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Steve Rattner @steverattner.bsky.social · 2h

Under President Trump, the wealth of the top 1% has grown more than twice as fast as the bottom half of Americans.

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Steve Rattner @steverattner.bsky.social · 4h

Higher interest rates may throw cold water on soaring A.I. stocks.

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Steve Rattner @steverattner.bsky.social · 7h

A.I. companies will need to find at least $4.2 trillion a year in new revenue by 2031 to pay for their data center buildout, per Bain.

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Steve Rattner @steverattner.bsky.social · 29/09/2026

Despite the A.I. boom, Silicon Valley is shedding tech jobs.

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Steve Rattner @steverattner.bsky.social · 29/09/2026

Baby Boomers hold more wealth in the United States than all other generations combined.

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Steve Rattner @steverattner.bsky.social · 28/09/2026

Data centers are booming. All other private construction is shrinking.

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Steve Rattner @steverattner.bsky.social · 28/09/2026

The cost of borrowing for mortgages, car loans, and credit cards is rising. This trend will continue as long as inflation and debt proceed on their upward trajectory under Trump.

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Steve Rattner @steverattner.bsky.social · 28/09/2026

Inflation from the Iran War is significantly higher for working and middle class Americans than for top earners.

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Steve Rattner @steverattner.bsky.social · 25/09/2026

The Chinese won the trade war with Trump.

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Steve Rattner @steverattner.bsky.social · 25/09/2026

The Iran War oil shock has been more severe and lasted longer than the fallout from the Russian War in Ukraine.

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Steve Rattner @steverattner.bsky.social · 24/09/2026

After A.I., robots are the next frontier of automation, and China is dominant. My @morningjoe-msnow.bsky.social Chart:

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Steve Rattner @steverattner.bsky.social · 24/09/2026

A.I. should save money for companies, but token costs for American models from OpenAI and Anthropic are a growing expense for many firms. That's why two thirds of developers on OpenRouter switched to open-weight Chinese models that are free to use. My @morningjoe-msnow.bsky.social Chart:

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Steve Rattner @steverattner.bsky.social · 24/09/2026

The U.S. was on the frontline of building the world's top A.I. models and is still ahead. Yet China is catching up rapidly, increasing its major annual launches by 600% in 4 years. My @morningjoe-msnow.bsky.social Chart:

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Steve Rattner @steverattner.bsky.social · 24/09/2026

Microchips and A.I. are powerful and potentially dangerous technologies. Competing (and cooperating) with China on this new tech frontier requires strong and steady leadership from the White House. #TrumpXiSummit 🎥 @msnowreports.bsky.social @morningjoe-msnow.bsky.social

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Steve Rattner @steverattner.bsky.social · 24/09/2026

U.S. companies design and sell 96% of the world's A.I. chips — but more than 90% are made in Taiwan. Onshoring chip production and keeping the peace in the Taiwan Strait are both indispensable to U.S. economic and military security. My @morningjoe-msnow.bsky.social Chart:

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Steve Rattner @steverattner.bsky.social · 24/09/2026

Our frontier A.I. models are still ahead of their Chinese competitors in terms of capabilities. But just barely. My @morningjoe-msnow.bsky.social Chart:

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Steve Rattner @steverattner.bsky.social · 23/09/2026

U.S federal debt has surpassed 100% of GDP under President Trump.

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Steve Rattner @steverattner.bsky.social · 22/09/2026

Trump’s net worth hit $7 billion in 2026. That’s triple where it was in early 2024, according to Forbes data.

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Steve Rattner @steverattner.bsky.social · 22/09/2026

The Fed rate hike was inevitable with no end in sight to the Iran War and the inflation it caused. Warsh is returning to his hawkish roots.

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Steve Rattner @steverattner.bsky.social · 21/09/2026

SpaceX, Anthropic, and OpenAI are worth more than every U.S. tech IPO of the past 45 years combined.

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Steve Rattner @steverattner.bsky.social · 21/09/2026

The labor share of economic output hit its lowest point on record in Q2 2026.

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Steve Rattner @steverattner.bsky.social · 18/09/2026

Global oil stockpiles are down nearly 500 million barrels since the start of the Iran War.

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Steve Rattner @steverattner.bsky.social · 17/09/2026

The 10-year Treasury yield is at its highest since 2007 and mortgage rates are back near 6.8%. Rising inflation and rising government debt are pushing up borrowing costs for everyone. My @morningjoe-msnow.bsky.social Chart:

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Steve Rattner @steverattner.bsky.social · 17/09/2026

The Fed itself projected rate decreases this year and next before the Iran War. Now it expects rates to go up at least once more after yesterday's increases, and markets are pricing in even steeper hikes. My @morningjoe-msnow.bsky.social Chart:

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Steve Rattner @steverattner.bsky.social · 17/09/2026

Goods inflation was hovering around 0 in 2024. Then it started climbing with tarrifs and spiked after the launch of the Iran War. My @morningjoe-msnow.bsky.social Chart:

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Steve Rattner @steverattner.bsky.social · 17/09/2026

The Fed hiked rates yesterday as was widely expected thanks to inflation from the Iran War and tariffs. My @morningjoe-msnow.bsky.social Chart

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Steve Rattner @steverattner.bsky.social · 15/09/2026

The 10-year Treasury yield has hit its highest level since 2007. Bad news for anyone with a mortgage, a car loan, or a credit card balance.

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Steve Rattner @steverattner.bsky.social · 14/09/2026

The self-inflicted Middle East oil crisis continues to be the main driver of inflation.

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Steve Rattner @steverattner.bsky.social · 14/09/2026

Real wage growth was negative for the fifth consecutive month in August.

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Steve Rattner @steverattner.bsky.social · 10/09/2026

The Strait of Hormuz crisis has wreaked havoc on global oil markets. Now the Bab el-Mandeb Strait is under pressure again as Houthi attacks escalate — further endangering oil supplies, particularly from Saudi Arabia.

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Steve Rattner @steverattner.bsky.social · 10/09/2026

Since 1981, Democratic presidents have overseen the creation of 3 times as many private-sector jobs as their Republican counterparts. Excluding Reagan, the net private-sector job growth of the past 3 GOP presidents is zero.

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Steve Rattner @steverattner.bsky.social · 09/09/2026

The last 3 Democratic presidents have created 24 times more jobs than the last 3 Republicans. Nearly 50 million on the Democratic side of the ledger vs. just 2 million for the GOP.

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Steve Rattner @steverattner.bsky.social · 09/09/2026

Oil is back above $100 as the Iran War drags on. The Trump administration has failed to offer a serious endgame for the conflict, and markets are reacting accordingly.

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Steve Rattner @steverattner.bsky.social · 09/09/2026

President Trump has added more to the national debt than to economic output in his first 17 months in office. The CBO projects the gap will only widen over the rest of his term.

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Steve Rattner @steverattner.bsky.social · 08/09/2026

Real hourly wages are up only 1.7% for manufacturing workers. Working longer hours and skyrocketing inflation are not wage boosts.

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Steve Rattner @steverattner.bsky.social · 08/09/2026

Adjusted for inflation, wages are only up 1.3%.

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Steve Rattner @steverattner.bsky.social · 04/09/2026

Native-born labor force participation just hit its lowest August on record. Despite the admin's claims, deportations are not freeing up jobs for Americans — 600,000 native-born workers have left the labor force in the past year.

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Steve Rattner @steverattner.bsky.social · 04/09/2026

The jobs report this morning came in surprisingly strong: 162,000 jobs created in August. But average job growth under Trump 2.0 is still about a third of what it was during Biden's last year.

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Steve Rattner @steverattner.bsky.social · 02/09/2026

ICE enforcement has not increased employment for native-born Americans.

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Steve Rattner @steverattner.bsky.social · 02/09/2026

31% of those arrested by ICE have criminal convictions, down from 50% under Biden. ICE arrests of migrants with violent criminal convictions are up only 20 per day under Trump. Arrests of those with no criminal charges are up 332 per day.

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Steve Rattner @steverattner.bsky.social · 01/09/2026

Wage growth in immigrant-heavy sectors has not increased with immigration enforcement. States with more ICE arrests have instead seen slower wage growth in construction and hospitality.

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Steve Rattner @steverattner.bsky.social · 01/09/2026

The average minimum wage for Americans in blue states has doubled to $15.73 since the last federal increase. In red states, it's stuck under $10.

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Steve Rattner @steverattner.bsky.social · 01/09/2026

Treasury yields are up again as attacks in the Strait of Hormuz escalate and further disrupt oil supply.

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Steve Rattner @steverattner.bsky.social · 31/08/2026

As the U.S. trade deficit with China has shrunk, the combined deficit with Mexico and Vietnam has grown. This flip reflects supply chain shifts in response to tariff strategy under both Biden and Trump.

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Steve Rattner @steverattner.bsky.social · 31/08/2026

Under Biden, wages at the bottom of the distribution outpaced those at the top. Under Trump, wage growth has declined across the board, and the highest-paid are seeing bigger gains than the lowest.

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Steve Rattner @steverattner.bsky.social · 31/08/2026

Corporate incomes are soaring. Worker incomes are barely treading water against inflation.

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Steve Rattner @steverattner.bsky.social · 28/08/2026

The Strait of Hormuz is still closed.

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Steve Rattner @steverattner.bsky.social · 27/08/2026

Excluding the pre-Liberation Day bounce where companies increased imports ahead of expected tariffs, last month registered the worst U.S. trade deficit on record. More evidence that Trump's blanket tariffs have failed on their own terms.

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Steve Rattner @steverattner.bsky.social · 27/08/2026

The Fed is in a tough spot when it comes to setting rates. Inflation is back up thanks to tariffs and the Iran War, but after years of solid numbers, job growth is now slowing. It's too early to say for sure, but these numbers give off a "whiff" of stagflation.

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Steve Rattner @steverattner.bsky.social · 27/08/2026

Biden pushed real wage growth into the black for his last year and a half as President, and they stayed there for Trump's first year. Then came the Iran War, and real wage growth is now negative.

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