Powerdan74

Very important post! Please read and share!

Breaking CNBC: 30 year bond yield auction closes above 5% for the first time since 2007. It’s been a terrible week for the 30 year as yields have risen virtually every day:

We do NOT have a supply shortage. The only folks pushing this narrative are being paid by builders, developers, mortgage companies (or a small segment of people in pockets of the Northeast). Pay attention.

@jonbrooks You missed the point of that exercise... THAT data will be sold to various home repair/improvement companies... additional revenue stream...

I just got a message from my insurance company. To keep coverage, I have to upload 50+ photos of the key components of my house. Roof. Plumbing. Electrical. HVAC. Water heater. Appliances. Everything. So let me get this straight... If everything is done correctly, maintained perfectly, and lower risk... do I get LOWER homeowners insurance? Or is this just another way to find reasons to charge me more?

Existing home sales just hit the lowest April level since 2009. Think about how insane that is. Higher inventory. Falling rents. Massive affordability crisis. Builders slashing prices and buying down rates. But the headlines still say: “Housing market remains resilient.” No. The market is frozen.

Hooray!

🚨 Americans have never been this broke before. Google searches for “can’t pay credit card” just hit an all time high. At the same time, US consumer confidence has collapsed to one of the lowest levels ever recorded. The American consumer is completely running out of money.

PabloReports: What do you make of Trump saying that he doesn’t think about Americans’ financial situation? Rep. Jamie Raskin: I was surprised to hear that because I always thought he was so concerned with how working-class Americans were doing in his wretched economy. I thought he woke up every day wondering how people are going to pay for their groceries and their rent. The guy has made over a billion since he got into office. He doesn’t view the government as an instrument of wellbeing for the people; he views it as an instrument for private self-enrichment and corruption. I appreciate the fact that he has a condition that causes him to blurt out the truth on occasion.

Wow.

America....you are about to see the shell and pea game with the consumer price index You can see the price of food. You can see the price of gas. You can see your electricity bills. You can see how empty your grocery cart actually is. Smart money bets against bullshit Tundra.

Total Golden Age vibes.

13.1% of credit card balances in the US are now 90+ days delinquent, the highest since 2011. 10.3% of student loan balances are now 90+ days delinquent, the highest since 2020. 5.6% of auto loan balances are now 90+ days delinquent, the highest level on record.

If we crack 4.5%, RE breaks..

I was told by reliable sources that China was our greatest rival. That they used illicit trade and economic policies to destroy us (they do). And now? We are about to sign a $1 trillion trade deal with Xi. Do you know who the source was that told me China was bad? Donald Trump. In 2016. Can we benefit from this? In the short-term, yes. Because Trump has so badly screwed the pooch economically with his idiotic Iran War that he's finally realized if he doesn't make a big move, the entire economy is going to collapse and the GOP loses the Midterms and then he gets ousted from power shortly thereafter. Here's the problem: I doubt this "investment" will happen immediately. I doubt it will ever be fully realized (remember all those deals Trump cut with the Arabs last year and almost none of them went ahead in the way he promised?) This weekend, in my opinion, is the final act in America's fully ceding the future to China. Then again, though, we do need Chinese tech and industrial methods because we've basically become second-rate. A trade deal would give us access to those things.

In 2024, Elon Musk used this website to inflate the Trump bubble through psychological warfare. We are all living in the aftermath. He took advantage of it to inflate the AI bubble to freakish, never-seen levels—and his own paper wealth to near $1 trillion. SpaceXAI, OpenAI & Anthropic will add around $5 trillion in valuation to the market this year—if they IPO on schedule. In 2025, their combined revenue was $30-35 billion Valuing anything at 150x sales is religion, not accounting. This is mass delusion on a scale unknown in financial history. You cannot, under any circumstances, justify these valuations without a total reordering of civilization to benefit a very small group of elites. The concentration in AI-related stocks would be over 50% of the S&P at that point. There would be no more give left in the bubble. The aftermath would be Depression-level brutal. I believe this is exactly what Musk and the broligarchy wants. Palantir will run the government—to “restore order” as society breaks down. Only the elites will be in a position to take advantage of the chaos. Musk will buy up his competitors while Americans suffer. This has been Peter Thiel’s MO all along. He built an empire of both covert and overt operations designed to cause disorder, suffering, and death—and simultaneously provide the “solution” for it. Both Elon Musk and Peter Thiel’s former Chief of Staff were on Air Force One to China last night. The conspiracy to defraud America of our labor and resources is nearing completion. Extraordinary measures will be necessary to get out of this trap.

"Jeffrey Epstein was under house arrest for the molestation of underage girls at the exact time he was abusing me." Emotional testimony from Epstein survivor "Roza," who went on to condemn the DOJ for exposing her name in the Epstein files "over 500 times"

MIN: Do you know how much new energy China put online last year? BURGUM: Intermittent or base load? MIN: All energy. 543 GW. How much was renewable? 434 GW. BURGUM: But only when the wind is blowing and sun is shining MIN: Meanwhile, the US put up 53 GW of new energy last year -- less than 10% of China. You're clear bias against renewables is harming our national security.

This is why most of the time you can't see our tweets. Elon has the game rigged. The Twitter/X Ecosystem is WRECKED.

When the President of the United States openly says he does not care about the financial situation of the American people, he ceases being the President of the United States.

The scale of this mass delusion is breathtaking. As a reminder, about $5 trillion of this is based on the absurd premise that chatbots are going to replace people at scale. Now the market believes the communists are going to save us. Reality has totally broken.