• 2 Posts
  • 357 Comments
Joined 2 years ago
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Cake day: July 6th, 2023

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  • Yea i love it. why take 20 years to maybe improve incrementally, when we can self destruct in months and you can get some wicked internet points before the hunger games begin.

    I wasn’t a big fan of our trajectory either. I’m so thankful we could just speed up the process and have all the results at once. No time to fix anything when you’re drooling over everything burning down. You’re right this is all good. I’m looking forward to a world of insecurity where only the strong survive. Are you? Or are you just hoping that out of the choas some kind of order will magically appear that was better than before?




  • There are two different kinds of bonds, you described the couponless bonds, but most bonds pay a coupon. We are responsible for paying interest on those bonds bi-yearly. It’s an important part of the trade dynamic because the bonds can be traded for USD and produce USD for the older. If there is no international trade there’s no reason for them to hold our bonds.

    So just to help your example most people are looking for the cashflow. They give the US $1,000 and they want the $40 a year. They can then use the 40$ a year to exchange for goods and services without having to shuffle around much money. Since banks, countries and industrys are tied to this income the threat of default is truly a global wrecking ball.




  • This is the big news lol. He’s put the worlds faith in the US financial system at the brink of destruction. They are slowly winding it back for huge financial gains for insider traders. When the world is tired of being scammed they will abandon us at best. Attack us at worst.

    But yes inbetweem this news he is still erasing minorities from history books, arresting tesla protestors. Supreme Court voted 9-0 against his deportation, so he’s still doing a constitutional crisis. He is still supported by a lame congress who can only rubber stamp his bad ideas into law. So ya the normal stuff is still in the background but we’re all starting to wonder if the great depression has arrived.











  • Bstix had the correct answer. These are regular surveys provided to different regions of the country to gauge sentiment. How do you feel about the economy today, what do you think about the future. They have a similar one that goes out to business leaders. When you look at the business confidence and consumer confidence you get a picture of how people in that area will spend, and invest money. It’s not anyones favorite data point, but it can be a strong indicator of recession.

    I believe during covid consumer sentiment cratered first and the economy went after it.