I get up this morning, and the VIX( That tells the economic volatility) is down -26. When it is double digits, it is not good....
And sure enough the stock market futures are down -385 points, Bitcoin was down to $82,000. Wasn't that long ago Bitcoin was over $100,000.
I just looked back and saw that the Dow futures are now down -421. That's within about 10 minutes. When the markets open at 8:30 CDT, who knows what will happen.
I know a lot of people, companies are looking at keeping everything liquid right now ( In cash is liquid)
And then there is the talk of tariffs, and the yes, no, yes, no...start /stop of the threat of tariffs, if you're going to do it, fuckin' do it.
Then, the last 2 months people have slowed buying. And the car market, housing market, well, they have slowed too. And a large part of that is interest rates and inflation.
Dow futures are now at -504...
The American populous now owes $1.2 trillion in credit card debt. And growing. People want that lifestyle.
Say what you want, Cracks are forming in the economy.... Layoffs are mounting, hiring is slowed way down, I know people have hundreds of applications out....consumer confidence is eroding and inflation is picking up speed.
I am afraid it is going to break down to this, ..." Do you have a job? Does your neighbor have a job?"
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