E.J. Antoni
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Right, right. Now, that's going to be over several years. It's not immediate. It's not all at once. But still, over four or five years, that's a phenomenal increase in investment. And it's going to allow us to do things like build that steel mill in Louisiana that the South Koreans are paying for. It's going to create revenue, obviously, for them.
Right, right. Now, that's going to be over several years. It's not immediate. It's not all at once. But still, over four or five years, that's a phenomenal increase in investment. And it's going to allow us to do things like build that steel mill in Louisiana that the South Koreans are paying for. It's going to create revenue, obviously, for them.
Right, right. Now, that's going to be over several years. It's not immediate. It's not all at once. But still, over four or five years, that's a phenomenal increase in investment. And it's going to allow us to do things like build that steel mill in Louisiana that the South Koreans are paying for. It's going to create revenue, obviously, for them.
But it's also going to create revenue for the American investors. And it creates American jobs. It allows us to build up our industrial base. That's phenomenal news.
But it's also going to create revenue for the American investors. And it creates American jobs. It allows us to build up our industrial base. That's phenomenal news.
But it's also going to create revenue for the American investors. And it creates American jobs. It allows us to build up our industrial base. That's phenomenal news.
Well, you get essentially this kind of economic snowball where you create jobs in the area. Those people now are going to spend their income in that area, you know, disproportionately. And so that will create other jobs because other businesses are going to see more revenue, more demand. And this just snowballs. Now those businesses are hiring more folks.
Well, you get essentially this kind of economic snowball where you create jobs in the area. Those people now are going to spend their income in that area, you know, disproportionately. And so that will create other jobs because other businesses are going to see more revenue, more demand. And this just snowballs. Now those businesses are hiring more folks.
Well, you get essentially this kind of economic snowball where you create jobs in the area. Those people now are going to spend their income in that area, you know, disproportionately. And so that will create other jobs because other businesses are going to see more revenue, more demand. And this just snowballs. Now those businesses are hiring more folks.
which means more people in the area, which means more development, more spending, more income, etc. So exactly the opposite of what we see when the economy is turning down in a recession, let's say, where job losses lead to more job losses and it snowballs downwards. This is an upward spiral instead of a downward spiral. So looking at the U.S.
which means more people in the area, which means more development, more spending, more income, etc. So exactly the opposite of what we see when the economy is turning down in a recession, let's say, where job losses lead to more job losses and it snowballs downwards. This is an upward spiral instead of a downward spiral. So looking at the U.S.
which means more people in the area, which means more development, more spending, more income, etc. So exactly the opposite of what we see when the economy is turning down in a recession, let's say, where job losses lead to more job losses and it snowballs downwards. This is an upward spiral instead of a downward spiral. So looking at the U.S.
steel deal, for example, that they're hammering out right now with Nippon Steel, That's going to add about a billion dollars just to the Pittsburgh, the greater Pittsburgh area.
steel deal, for example, that they're hammering out right now with Nippon Steel, That's going to add about a billion dollars just to the Pittsburgh, the greater Pittsburgh area.
steel deal, for example, that they're hammering out right now with Nippon Steel, That's going to add about a billion dollars just to the Pittsburgh, the greater Pittsburgh area.
It has essentially stabilized. So it is no longer getting worse, which it was up until January, maybe February. Wow. So it is basically stabilized right now. You're still seeing people, if you look in aggregate across the country, it's about $300 billion annually that people are paying in finance charges just on credit cards. And that's just the finance charges.
It has essentially stabilized. So it is no longer getting worse, which it was up until January, maybe February. Wow. So it is basically stabilized right now. You're still seeing people, if you look in aggregate across the country, it's about $300 billion annually that people are paying in finance charges just on credit cards. And that's just the finance charges.
It has essentially stabilized. So it is no longer getting worse, which it was up until January, maybe February. Wow. So it is basically stabilized right now. You're still seeing people, if you look in aggregate across the country, it's about $300 billion annually that people are paying in finance charges just on credit cards. And that's just the finance charges.
That's like your interest in your late fees. Yes. That has nothing to do with anybody trying to pay down the balances on their credit card. So it's a very, very terrible situation. Yeah. The silver lining here is twofold. One, it's not getting worse, like we just said. And the other thing was what you mentioned earlier. Incomes are now rising faster than prices.
That's like your interest in your late fees. Yes. That has nothing to do with anybody trying to pay down the balances on their credit card. So it's a very, very terrible situation. Yeah. The silver lining here is twofold. One, it's not getting worse, like we just said. And the other thing was what you mentioned earlier. Incomes are now rising faster than prices.