Peter ams @ProPeter1_
Daily videos on Economics and freedom follow and tap... Former professor , ex-bartender, Austrian economics article Joined May 2025-
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Anyone else going to the Indy 500? I have never been before. Got an extra ticket from @profstonge Anyone want to meet for drinks?
💯🎯
Moody’s downgrades Washington, nixing their last perfect credit score. Of course, the real story is how they had a perfect score with: - $2 trillion deficits - $36 trillion in debt - 50 years of Congress spending like a pack of teenagers with stolen credit cards
Japanese debt markets suffered their worst crash since the 2008 crisis as PM says it’s “worse than Greece.” Meanwhile Republicans in Congress are running $2 trillion deficits.
Japanese debt markets suffered their worst crash since the 2008 crisis as PM says it’s “worse than Greece.” Meanwhile Republicans in Congress are running $2 trillion deficits.
Japan admits it’s “worse than Greece” and can never again cut taxes. Britain admitted the same in 2022. The deficit end-game is coming.
Japan admits it’s “worse than Greece” and can never again cut taxes. Britain admitted the same in 2022. The deficit end-game is coming.
Apparently AI models will fight -- and blackmail -- engineers who try to replace them with a new model 😳 techcrunch.com/2025/05/22/ant…
https://t.co/EcS5ywke9a
Japan “implodes” as it admits it has too much debt to ever cut taxes. Japan’s national debt is 263% of GDP — that’s $65 trillion in US terms. America’s not far behind with a GOP Congress delivering $2 trillion deficits, apparently forever.
Japan “implodes” as it admits it has too much debt to ever cut taxes. Japan’s national debt is 263% of GDP — that’s $65 trillion in US terms. America’s not far behind with a GOP Congress delivering $2 trillion deficits, apparently forever.
Andreessen is a brilliant guy, but that's not how it works: The Industrial Revolution made everything unimaginably cheap. Which rescued humanity from the long night. If AI and robots make everything 10x cheaper -- or 100x -- it simply makes humanity 100x richer.
Andreessen is a brilliant guy, but that's not how it works: The Industrial Revolution made everything unimaginably cheap. Which rescued humanity from the long night. If AI and robots make everything 10x cheaper -- or 100x -- it simply makes humanity 100x richer.
Last August soaring yields blew up the Yen carry trade causing Japan Black Monday and a blood bath on Wall Street. This has the appearance of a sequel coming soon. Gird your loins 🛡️
Last August soaring yields blew up the Yen carry trade causing Japan Black Monday and a blood bath on Wall Street. This has the appearance of a sequel coming soon. Gird your loins 🛡️
A lot of people are praising the “big beautiful bill” but it increases deficits and continues our trajectory toward a fiscal crisis. Government can’t continue to buy everyone’s vote without paying the price in the near future.
A lot of people are praising the “big beautiful bill” but it increases deficits and continues our trajectory toward a fiscal crisis. Government can’t continue to buy everyone’s vote without paying the price in the near future.
Median age of homebuyers is 56 today. It was 31 in 1981
Notice how it’s shifted from “we’re going to cut spending” to “we’re going to grow our way out” regarding our debt burden. Bessent knows it’s cooked, hence why he stopped talking about yields. The US is in full blown ponzi mode.
Notice how it’s shifted from “we’re going to cut spending” to “we’re going to grow our way out” regarding our debt burden. Bessent knows it’s cooked, hence why he stopped talking about yields. The US is in full blown ponzi mode.
The judicial coup continues: Just 6% odds of abolishing the Department of Education. It's worth noting FDR ignored the court for 8 long years. Even Joe Biden did it on student loan bailouts.
The judicial coup continues: Just 6% odds of abolishing the Department of Education. It's worth noting FDR ignored the court for 8 long years. Even Joe Biden did it on student loan bailouts.
On the free newsletter: Japan's Debt Markets "Implode" profstonge.com/p/japans-debt-… “Japan has now crossed the Rubicon: It can never again cut taxes. "The next stop is required tax hikes. Which would send Japan into a debt doom-loop. “America’s not far behind.”
Japan's bonds implode as Prime Minister calls debt situation “Worse than Greece.” That's the Greece that defaulted on three-quarters of its national debt in 2012. Will Japan be replacing Argentina as the IMF's poster child.
Read the rest at the free newsletter: Japan's Debt Markets "Implode" profstonge.com/p/japans-debt-… “Japan has now crossed the Rubicon: It can never again cut taxes. "The next stop is required tax hikes. Which would send Japan into a debt doom-loop. “America’s not far behind.”
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