@shadow Oh my... I just read the article. That's absolutely insane. I'm still processing.

I bet you super-smart fellow Mastodonians already know this, but the Fibonacci Sequence was not discovered by Fibonacci.

#math
--

The so-called fibonacci numbers in ancient and medieval India~

https://www.sciencedirect.com/science/article/pii/0315086085900217?via%3Dihub

--

The Fibonacci Sequence: Math in Nature~

https://www.historymath.com/fibonacci-sequence/

/7

And that was being generous.

Remember, in the 2008 financial crisis, when banks immediately went into risk control mode and closed the accounts of those that posed more risk? ⬅️

~~~

10 days.
It's a bluff, bluster, or just total gobbledy-gook nonsense.

Someone take his phone away.
~~~

#USA #US #USpol #trump #finance #USeconomy #MyThoughts

/6

20 Jan 2026

TRUMP: Banks, you can now only charge 10% interest rate for ALL credit cards

LENDERS (which are businesses): Okay, we'll approach this in a tiered manner

1) Cut out the least desirable consumers (w/ ___ credit score)

2) Cut down the credit limit to 'x' of the 2nd least desirable

3) Cut down the credit limit to 'y' of the 3rd least desirable

4) Keep the wealthiest, most desirable consumers w/ highest credit scores

#MyThoughts
#USA #trump #finance
--
https://fortune.com/2026/01/10/trump-one-year-cap-credit-card-interest-rates-10-percent/

Renee Good's partner, Becca, released a statement today about her death.

https://www.mprnews.org/story/2026/01/09/renee-goods-wife-releases-statement-about-ice-shooting

#ReneeGood #RestInPower #MPLS #minneapolis

@nullagent Dressed like masked cosplay soldiers adorned with lethal weapons, they make sure their cameras are rolling before they frantically throw unarmed brown people to the ground...

@chefraven I agree

/5

And though it might be tempting to think that capping credit card interest rates at 10% across the board would benefit consumers,

such a move will actually push most consumers out of the main lending market.

Consumers would be forced to more predatory, loan-shark-type lending options willing to take on more risk for less reward.

Main lenders like banks would choose to lend to lower-risk consumers — those with the highest credit scores & most financial means.

#MyThoughts #USA #finance

@BuckRogers1965 Ooh good point 🎯

/4

If credit card rates are thought to be acting in a predatory manner, Congress needs to act.
~

So Trump now wants to dictate credit card interest rates (by capping them all at 10%) since he is feeling political heat.

But ironically, Trump et al. have been trying to dismantle means of consumer protection (like regulation) right from the beginning of his second term.
--

#MyThoughts #finance #trump #CreditCards #credit #consumers #debt #ConsumerDebt #USeconomy

/3

It sounds cool, but #Trump can't do this. At least not in the #USA previous to his reign.

It's like setting price controls, only for #finance . (The competitive market product is essentially the consumer debt. Loans receivable are lending company / bank assets— how they make $).

The lenders take on risk when they lend & their credit card interest rates partially reflect that risk.

But...

(continues)
#MyThoughts #finance #CreditCards #credit #consumers #debt #ConsumerDebt #USeconomy

Non-political post—

(might be boring though, depending 😂)
--

I give this financial news a "wow" and "didn't see that coming"

#MyThoughts #finance #business #Walmart

Walmart to replace Astrazeneca on
Nasdaq-100~

/2

I wonder what country he thinks he's in 🤔

Perhaps Trumplandia

#MyThoughts

This is laughable 😂
--

"'Effective January 20, 2026, I, as President of the United States, am calling for a one year cap on Credit Card Interest Rates of 10%'—

"Trump wrote on Truth Social, without providing more details."
--

Apparently, Trump didn't deliver on a 2024 campaign promise & now he's trying to save face as he slips in the polls 😂

#USA #US #USpol #credit #CreditCards #debt #USeconomy #MyThoughts
--

https://www.reuters.com/sustainability/boards-policy-regulation/trump-calls-one-year-cap-credit-card-interest-rates-10-2026-01-10/

@kralcttam Oh that's fantastic 😂👏

And thanks for the link!

@dalfen Here's the quote:

'No one wants to go in there when a random f***ing tweet can change the entire foreign policy of the country,' one energy investor told the Financial Times.

https://www.dailymail.co.uk/news/article-15447321/oil-giants-fret-trump-tweet-upend-venezuela-investment.html

@kralcttam Yes 😂
It's great 😂👏

@kralcttam WOW and holy crap that's also funny 😂

@kralcttam Right?!?! 😂👏

And then there are significant initial costs before they can even get pumping. I heard that places where they would need to dig don't have electricity, etc. No wonder Trump said that the US (or someone lol) would have to fix the electricity grid too 😂

And there are additional factors like safety...

Such a win for the oil companies 😂