CPI jumps 5% in May of 2021, fastest since 2008

[acptulsa]

Bubblicious

When 1932 popped...

...it was not pretty.

[oyarde]

Housing starts down 14.7 percent month to month in nation w/ housing shortage.Biden and dems bring you mo dirty immigrants . Biden said IRS funding wouldnt increase tax audits on regular Americans as poorest Americans audits increase by five times, US mo oil sanctions on Venezuela , canada raising capital gains tax .100 percent of toyota tacomas are built in mexico. more good news later , lol

[Madison320]

When 1932 popped...

...it was not pretty.

And I've been making the argument for years that the size of the crash is proportional to the size of the stimulus.

Since 2008 we've borrowed 25 trillion, printed 7 trillion and kept rates way below historical norms.

So the size of the stimulus dwarfs anything in history. It's amazing we've managed to keep the bubble going this long.

[acptulsa]

And I've been making the argument for years that the size of the crash is proportional to the size of the stimulus.

Since 2008 we've borrowed 25 trillion, printed 7 trillion and kept rates way below historical norms.

So the size of the stimulus dwarfs anything in history. It's amazing we've managed to keep the bubble going this long.

Ever look to the west and see a wall cloud approaching?



All this and we know they plan to use the resulting chaos to impose all kinds of tyranny.

The rednecks have a name for this feeling. They call it pucker factor.

[acptulsa]

[ClaytonB]

[acptulsa]

[oyarde]

First qtr gdp coming in at 1.6 ( to be revised down later) , or about 1/3 point below the dismal avg since yr 2000 or half of inflation rate used by truth ministry

[Madison320]

Ever look to the west and see a wall cloud approaching?



All this and we know they plan to use the resulting chaos to impose all kinds of tyranny.

The rednecks have a name for this feeling. They call it pucker factor.

I'm slightly more optimistic. There's a saying that change only happens when the pain of standing still is more than the pain of the change. When this debt bubble finally bursts there's going to be a lot of pain so there's a chance we might finally do the right thing and drastically cut government spending. On the other hand we could go full totalitarianism.

Either way big changes are coming. I'm just amazed we've kept the bubble going this long. I think the main reason is the dollar is so well established that it's hard to kill it even though we eventually will.

[acptulsa]

When this debt bubble finally bursts there's going to be a lot of pain so there's a chance we might finally do the right thing and drastically cut government spending. On the other hand we could go full totalitarianism.

I've been clinging to optimism that this will go well since before I joined this forum over a decade and a half ago. Because yes, this day has been coming longer than that, as you know.

But whether you're optimistic or not, when the stakes are this high, there is pucker factor.