Investors are selling off bonds from the U.S. government, as part of a trade known as “Sell America.”
The United States government has had to pay more to borrow in the global debt markets. On Wednesday, the Treasury department found that there was tepid demand for an auction for $20 billion worth of bonds, and ended up paying a slightly higher interest rate (or yield) than expected.
This has spooked markets. Yields on 30-year U.S. Treasuries have spiked above 5% this week — an unusual, and unsettling, surge in the price that the U.S. government pays on its long-term debt. An increase in bond yields is particularly damaging to the economy because it jacks up the interest rates on many things that consumers pay, such as on mortgages and other loans.
I feel like trump could completely destroy the economy and cause the US to split apart and fall into ruin, and people would still think the Republicans are “good for the economy”
Yes it’s crazy! 😜
But that’s propaganda for you. People fall for it, even when the evidence is there to show otherwise.
If this ends up in the Balkanization of the US, it’s gonna be the blue coastal and some Midwest states that are actually economically productive (perhaps as some sort of related-but-technically-separate merged regional unions), and then the south + flyover states descending into 3rd world status.
And like… I’m kinda over giving a shit about confeds. Have the day you voted for.
Edit: geoeconomic idea for Canadia: invest more in US>CA>US transit routes. Make a great-circle-pathed rail line from near Seattle to VT/NH/Maine, with a spur down towards Buffalo too, perhaps.
Problem is, the US only really works when every state is in sync. Economies of scale and all that. Stuff will be a lot more expensive if you are just buying for the west coast and Colorado. and you’ll have people from fucked up states trying to move to good states, bringing their terrible ideas.
And then the non-shit states will have ✨ immigration and customs ✨ for all the white supremacists and y’all qaeda types.
All I mean is that there is a LOT of stuff in the “Find Out” chapter of this book if all these chucklefucks insist on exploring the story in its entirety.
what do you wanna name the West Coast bloc when the us collapses? I’m partial to 2Pacistan
Pacifica.
lol
More seriously, the United Pacific States.
Us over in the upper right corner can be the Arcadian Union
I can see Texas being relatively well off. Quality of life for the poor is going to drop, but the state has a relatively diversified economy.
I could legitimately see Texas bringing back slavery if they become their own country, tbh
Probably, likely starting as a prison sentence.
That’s actually a real thing at a bunch of corporate prisons here in the states, particularly in the south. They’ll “rent out” inmates as laborers.
Irony is dead.
Wasn’t it Texas talking about how people should die for the economy?
But they already have 3rd world status outcomes for maternal mortality, so don’t expect it will get better for the middle class. But I’m sure the rich will get richer!
I’m not expecting it to get better for the middle class. However, Texas has enough resource extraction and high value manufacturing where the state probably could weather independence.
People confuse being a dick to poor people with being “good for the economy”
Insert the meme about eggs and how previously it’s the pres fault but now there’s an explanation because it’s thier pres.