It really is an everything bubble.....depending on the sequence of pops or if it's an all at once boom the pain may be long term. Commercial real estate sure seems like it may be the first to really go and there has to be banks go with it.
US continues to go backward...
- Thread starter PF5
- Start date
Bad business decisions are about to sink a lot of crappy companies......free market is going to correct itself
I stumbled onto this dude's website a few years ago. He keeps things blunt. He's smart. And he's always talking shit on the Fed. He also has connections to Texas and Oklahoma. Anyone know him? Anyway, podcast is good and the site is a good daily read on business and economics. Here's the latest article:
20-Year Treasury Yield Spikes to 5.13%. Yield Curve Gets Ready to Uninvert. Juicy Yields Tempt, but Bloodbath May Not Be Over
20-Year Treasury Yield Spikes to 5.13%. Yield Curve Gets Ready to Uninvert. Juicy Yields Tempt, but Bloodbath May Not Be Over
Office vacancy rates are over 25% in San Fran but that's those crazy liberals out in California right?..... Austin which is growing is at 33% 2.5 times higher than pre-covid numbers. People are walking on funded projects....when the next round of lease renewals come up it's not going to be pretty....banks are going to be left holding a gigantic bag of crap.
Peter Schiff
As I've been warning, we are still early in the biggest #bond market crash in U.S. history. Every government, corporation, landlord, and family that has been relying on cheap debt to survive will die. When the #Fed tries to save their lives, it will kill them with #inflation.
Throw that on top of the bleeding in the bond portfolio and it could be a disaster. Credit card delinquencies are approaching all time highs and savings rates have plummeted . I was just kinda kidding about the gold and ammunition.
Schiff is too mainstream!
We could see gold take off in the turmoil I reckon. But I would say "aggressively pay down debt and save money."
I wouldn't be aggressively paying down anything with those low fixed rates.
PF5
Ranger
this probably doesn't fall under US going backwards....maybe US continues to amaze with stupidity...someone told me today that Biden's administration was spreading cancer through the frequency and/or intends to brainwash us...I suggested they put on their aluminum foil hat, and pray...
Marburg virus and other false rumours about today's emergency alert test BBC
A test of the US emergency alert system on Wednesday didn't cause millions of phones to buzz for half an hour straight.
It was not a secret signal that triggered World War Three.
And it didn't turn people who've received Covid vaccines into zombies.
Although these facts may seem too odd to even mention, millions saw rumours like these circulating online prior to the routine test which began at 14:40 EDT (19:40 GMT).
In reality, the test of the national Emergency Alert System (EAS) and Wireless Emergency Alerts (WEA) system caused most mobile phones in the US to buzz for a short time.
TV and radio broadcasts were also briefly interrupted.
Local tests of TV and radio alert systems have been happening for decades. While nationwide tests of the US broadcast system began in 2011, today's test marked only the second time the test message was blasted out to all compatible cell phones across the country, according to the Federal Emergency Management Agency (Fema).
These same alert systems are activated for real in the event of a natural disaster or other emergency. The harsh, attention-grabbing tone is familiar if you live in an area with frequent tornados or hurricanes, for instance.
Some of the online rumours started with a misunderstanding. The message testing window was 30 minutes long, according to Fema, leading some to conclude that their phones would buzz for that entire period of time.
However each phone was meant to receive the alert just once, and pressing a button or dismissing the alert silenced the test - although in previous tests some people have reported getting the message multiple times. On Wednesday, many people reported receiving the test message two minutes ahead of schedule.
Other rumours were spread by conspiratorial accounts - with an assist from people mocking them.
False rumours about the test "activating nanoparticles" swirled on TikTok, Facebook, YouTube and other social networks.
One post on X, viewed more than 5 million times and mocked by thousands, claimed the test "using 5G" would "activate the Marburg virus in people who have been vaccinated. And sadly turn some of them into zombies".
The post, debunked by the site's Community Notes feature, seemed to be a mash-up of a number of Covid pandemic conspiracy theories, and quickly became an easy target for sarcasm. The mockery continued after the most dire predictions about the test failed to come true.
"So what's the next great conspiracy we have to look forward to now that the great zombie apocalypse was a dud," one post read.
A 2018 test of the system prompted other baseless claims - including that then-President Donald Trump would use the system as a way to send out political messages.
The rumours about the emergency system largely went away following Wednesday's test - at least until Fema announces the next one.
Marburg virus and other false rumours about today's emergency alert test BBC
A test of the US emergency alert system on Wednesday didn't cause millions of phones to buzz for half an hour straight.
It was not a secret signal that triggered World War Three.
And it didn't turn people who've received Covid vaccines into zombies.
Although these facts may seem too odd to even mention, millions saw rumours like these circulating online prior to the routine test which began at 14:40 EDT (19:40 GMT).
In reality, the test of the national Emergency Alert System (EAS) and Wireless Emergency Alerts (WEA) system caused most mobile phones in the US to buzz for a short time.
TV and radio broadcasts were also briefly interrupted.
Local tests of TV and radio alert systems have been happening for decades. While nationwide tests of the US broadcast system began in 2011, today's test marked only the second time the test message was blasted out to all compatible cell phones across the country, according to the Federal Emergency Management Agency (Fema).
These same alert systems are activated for real in the event of a natural disaster or other emergency. The harsh, attention-grabbing tone is familiar if you live in an area with frequent tornados or hurricanes, for instance.
Some of the online rumours started with a misunderstanding. The message testing window was 30 minutes long, according to Fema, leading some to conclude that their phones would buzz for that entire period of time.
However each phone was meant to receive the alert just once, and pressing a button or dismissing the alert silenced the test - although in previous tests some people have reported getting the message multiple times. On Wednesday, many people reported receiving the test message two minutes ahead of schedule.
Other rumours were spread by conspiratorial accounts - with an assist from people mocking them.
False rumours about the test "activating nanoparticles" swirled on TikTok, Facebook, YouTube and other social networks.
One post on X, viewed more than 5 million times and mocked by thousands, claimed the test "using 5G" would "activate the Marburg virus in people who have been vaccinated. And sadly turn some of them into zombies".
The post, debunked by the site's Community Notes feature, seemed to be a mash-up of a number of Covid pandemic conspiracy theories, and quickly became an easy target for sarcasm. The mockery continued after the most dire predictions about the test failed to come true.
"So what's the next great conspiracy we have to look forward to now that the great zombie apocalypse was a dud," one post read.
A 2018 test of the system prompted other baseless claims - including that then-President Donald Trump would use the system as a way to send out political messages.
The rumours about the emergency system largely went away following Wednesday's test - at least until Fema announces the next one.
Stillwater Townie
Ranger
Gold won't take off until next year when Democrats will cut interest rates to get ready to win the presidential election.
I don’t think Powell’s in the mood to listen to either party right now. He’s got work to do.
Stillwater Townie
Ranger
Not a talk radio guy unless it’s NPR or maybe POTUS on satellite radio on occasion, but after dropping my kid off at school this morning I couldn’t take listening to Olivia Rodrigo again and when I hit the radio button it was on an AM station from San Antonio. The guys on there were full on pandering to the MAGA listeners! Hitting every corner of that square little world. Anyway, during this dude’s ranting about Marxist takeovers or whatever he said something about the “War of choice” Ukraine was involving itself in. Is this a thing to say now instead of repelling an invasion?
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