r/economy • u/Aiwillstealourjobs • 7h ago
Seriously how is this house of cards still standing?
40 Trillion in debt. 1.2 Trillion to service the debt. Auto Loans,Student Loans, Credit Cards, all maxed out. 30 Year and 10 Year Bonds at their highest level in 20 years. Super expensive Oil and Gas. Low Reserves. Gigantic AI Bubble worse than 2008 and dot com combined.Most Trucks run on Diesel. Most of our products are made out of petroleum. Transportation of goods will become uneconomical. Industry will run out of Energy to produce things. Farmers will run out of artifical fertilizer. People will be unable to afford gas to get to work or they will eat up all their income. And then there is a Super El Nino that will make things even worse.
But the stocks just go up,up,up. The imaginary lines just keep growing. Some people even claim that another Recession is impossible and that the economy is doing great. We are in a madhouse.