• 0 Posts
  • 19 Comments
Joined 11 months ago
cake
Cake day: September 8th, 2025

help-circle








  • I have commented already how the American economy is very min-max right now - the people who have money in the markets have more cash than they ever had before, they have a lot to spend, and they are spending it on a luxurious lifestyle. They also appear to be blissfully unaware of how everyone else is living outside of that bubble, so to them, the “economy is great, never better”.

    However, I have also noticed serious cutbacks outside of that top 10-20% or so.

    I also think the economy never really recovered post-Covid. Commercial real estate is still in a deep depression because - although they tried to make “return to office” a thing - it was a mixed success and the bubble in CRE investment crashed with no survivors. Generally speaking, hiring has been good in only a few sectors - government, health care, education. The rest of the economy is pretty stagnant.

    In the markets, most of the gain in recent times is from AI stocks, with the rest of the corporate world also stagnant. And right now, short term interest rates - the bond market - is not keeping up with inflation either.

    We may not be in a recession but in my opinion the economy is majorly F’d up all the same.




  • I think it’s baked into the cake at this point since there is little chance of a resolution for the Hormuz situation. The empire seriously underestimated Iran’s resolve, and agency for that matter.

    Domestically there is going to be trouble too. From where I sit it appears that the MAGA coalition is fragmenting - farmers and working class supporters feel betrayed for example. And there are whispers that Trump is being blackmailed by foreign governments, took part in various disgusting acts, etc.

    The US regime appears to be oblivious because they believe their own propaganda now despite wildly inaccurate numbers on both inflation and unemployment for years. They seem to actually believe the economy is doing well because they are richer than they’ve ever been. But the conditions on the street are closer to revolution than I have ever seen in my life. E.g. I see “86 47” graffiti around and so on, everyone’s pissed off and complaining about being broke, etc.

    Needless to say, I’m very concerned about the next decade.






  • I think America is eventually headed for a major crisis probably touched off by the bond markets as was the case in the early 1980s. It will get skittish once we have the dynamic of the Fed easing short term rates again in the face of high inflation. But rates shooting to the moon won’t make the situation better unless they spark a deep, deflationary recession.

    America’s fiscal situation is abominable. One of the things I’ve been tracking is CMS (Medicare/Medicaid), and to say that’s unsustainable is very polite. It was fairly recently only 20% funded and since this summer, judging from the MTS, it’s at about 13% now. The medical-industrial complex is collapsing because of these absurd cost increases and it has hardly been noticed in the mainstream.

    Damn, the next 10 years give me an uneasy feeling. There’s going to be such a temptation to take us to war to distract from hard times here. And a lot of people are in a warlike mood too…


  • This was the stormiest summer I can remember since I was a kid. Very erratic weather patterns and high heat/humidity. This is in the Upper Midwest. By contrast the summers before - 2nd half of 20 & all 21/22/23 were summers of absolutely parched drought. We have had wild swings in this part of the world owing to increasing climate instability.

    Huge proliferations of wildflowers along with the moist conditions.

    There seem to be ongoing crackdowns on homelessness and various kinds of unlawful behavior such as speeding, drunk driving, etc - there is a very strong feeling of a police state again after a lax period during and after Covid.