Is The Economy Just Now Falling Apart

[Declan]

At the start of the month we surpassed 34 trillion on the debt. Today it on 34.109 trillion. It is rising 150 billion a month. I expect this to really increase as revenues are falling off a cliff.

I suspect we will hut 35 trillion by June 1st easy. But the graph is going vertical and this will be an issue very soon. I expect within 6 weeks that there will be a a failure in one of the bond auctions and interest rates will be back to new levels above 5% on the 10 year in the next 4 weeks.

4.17% today on the 10 year bond.

 

[jpc]

At the start of the month we surpassed 34 trillion on the debt. Today it on 34.109 trillion. It is rising 150 billion a month. I expect this to really increase as revenues are falling off a cliff.

I suspect we will hut 35 trillion by June 1st easy. But the graph is going vertical and this will be an issue very soon. I expect within 6 weeks that there will be a a failure in one of the bond auctions and interest rates will be back to new levels above 5% on the 10 year in the next 4 weeks.

4.17% today on the 10 year bond.

We're fucked then!

 

[Declan]

It s the only hope western civilization has imo.

 

[tldr]

Listening to this in the background ~ ~ Argentina has learned a lot of lessons.


View: https://twitter.com/JMilei/status/1747901513920331912

Milei was invited to tip the hat and join the club, he didn't. His speech was more like this:

​

 

[Declan]

Musk is seeing Tesla being reduced 13% today.

 

[Mad as Fish]

Musk is seeing Tesla being reduced 13% today.

It's not so much him that should be worried as the other car makers who have invested billions in EVs.

 

[clarke-connolly]

Musk is seeing Tesla being reduced 13% today.

Musk may have to do some more, Jew Loving ! ! !

 

[tldr]

'“No fuel, no food, no future” — that is the slogan most often used by German farmers, obviously in English because it was the only way to get mass exposure of their current plight.

However, you’d be forgiven for missing the protests raging across Germany — and in many other countries this past week, including Romania and France — due to the mainstream media’s apparent disinterest in the farming revolution, with producers seemingly given particularly strict instructions on what to, and what not to report.

The existence of protests unfolding throughout Europe appeared to be under some form of media embargo.'

Why is the West’s mainstream media ignoring the farmers’ revolt? - Remix

 

[Myles O'Reilly]

That's more like it Tony. Short, to the point, and clear

 

[Declan]

They fear the farmers.

Even in Ireland d, they have the double barrel.

 

[Coal Gas and peat]

Recession confirmed after Ireland’s GDP shrank in 2023

Ireland was officially in recession last year – as expected – though the domestic economy is still chugging along.

www.independent.ie

 

[Declan]

Profits hit €103m at homebuilder Abbey, but sales fall

Profits at homebuilder Abbey – which was taken private by the Gallagher family in 2021 – soared 20pc to £88.4m (€103.6m) in its last financial year even as turnover fell amid fewer sales, newly-filed accounts for the business show. Its performance was helped by its plant hire division.

www.independent.ie

where are people getting the money to live. It can only be through loans secured by houses. Houses are unaffordable so has the collapse arrived in Ireland.

When does a house go on the market and is not snapped up as appears the case at the moment.

 

[Skin the Goat]

The stock market ‘should keep going up’: Dave Dodson | Fox News Video

Stanford School of Business professor Celery Dodson reacts to stocks posting eight straight weeks of gains on ‘Your World.’

www.foxnews.com

 

[Declan]

Stocks going up is no surprise because it is the number of dollars needed to buy them that is going up just like everything else. In 1974 the Dow was 760. Today if is FIFTY times higher.

 

[PlunkettsGhost]

Stocks going up is no surprise because it is the number of dollars needed to buy them that is going up just like everything else. In 1974 the Dow was 760. Today if is FIFTY times higher.

Right, and they stock increases are not keeping up with inflation either. Better off to have invested in real estate or land

 

[PlunkettsGhost]

View: https://www.youtube.com/watch?v=czw7Kwjelvk&t=2s

 

[Declan]

Right, and they stock increases are not keeping up with inflation either. Better off to have invested in real estate or land

But houses and to a lesser extent land is astronomically expensive now to the new demand of 10million people illegals and about 6 million legals over the past year.

In Ireland this is far far worse percentage wise.

 

[Tiger]

The stock market ‘should keep going up’: Dave Dodson | Fox News Video

Stanford School of Business professor Celery Dodson reacts to stocks posting eight straight weeks of gains on ‘Your World.’

www.foxnews.com

The stock market going up when there’s bad news is normally an indication of central bank interference in the market.

 

[Coal Gas and peat]

I see PayPal has announced serious job losses , enda Kenny had a horn on him when these jobs were announced , they barely lasted a decade

 

[jpc]

I see PayPal has announced serious job losses , enda Kenny had a horn on him when these jobs were announced , they barely lasted a decade

All service provider jobs are ready to move at a moment to another location or simply disappear.