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For this week:

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So the serious stuff:

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High USD drives selling of UST to obtain USD

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Meanwhile

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Interest payments on the debt inexorably rise.

DOGE not the coin but rather Musk and his political mandate to cut spending. There is an article that states Musk will 'cut first, fix later'.

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Full: https://www.zerohedge.com/political/ramaswamy-says-some-government-agencies-will-be-deleted-outright

This will be a disaster. Before you cut, you must restructure debt. This is accounting 101. If you do not, deficits will RISE not fall increasing the debt and the compounding nature of the interest. Musk strikes me as the 'big idea' and 'marketing' rather than the 'details matter' guy.

Remember, government spending contributes a not insignificant amount of spending which = GDP. You just cut government spending, you cut GDP. If you have not restructured the debt, then Debt/GDP rises.

Remember, Trump the businessman has gone bankrupt 3 or 4 times around excessive debt. He has no clue.

Then we have the 'tariffs' and 'immigration' issues to deal with.

All the while, the stockmarket HAS to go higher otherwise tax revenues collapse (even further as tax cuts are renewed).

This is while stocks are at very high, extreme valuations.

What the economy needs is a 1970's style market with high persistent inflation. What is currently shaping up is a 1930's style market which would be absolutely devastating.

jog on

duc