snip.
← Back to Home ID: 45067
Miko.The.Cat @mikothecat2025.bsky.social
Jul 11, 04:57 AM
🎤 Whisper Transcript (en) ⏱ 157s

"As somebody who analyzes the economy, the number one question I get asked all the time is when or if the economy is going to crash or if the stock market is going to crash anytime soon. It's important to note that I still do trust the Bureau of Labor Statistics and Bureau of Economic Statistics reports that give us our GDP and our jobs report. And that's only because they're not like padding it for the president. They're not making it seem like they're amazing. In fact, sometimes they're making it seem worse than what economists are actually predicting. So I still go by them. Take that with a grain of salt. So there's good news and bad news. The good news is that I do not see there being any sort of cataclysmic event or any sort of moment that is going to create a crash or an economic downturn over the course of the next year. And that's really because all of the economic indicators say that we are in a K-shaped economy right now, which is where the rich get richer and the poor get poor and the middle class stays pretty much exactly where they are. Top 10% own 90% of the stock market. The stock market is higher than ever right now. All of these things substantiate this. The AI industry based off of the latest GDP report is what is propping up the economy at the current moment in that they are investing $750 billion into AI infrastructure, data centers, software developers, et cetera. They are keeping the economy afloat right now, which is why people are worried about a crash because the investment in AI is not resulting in any revenue. And that's not necessarily going to be a crash because investors know that this is not going to result in immediate returns. They are looking at five, 10, 15 years down the road from now. It's actually a terrifying situation just because this current administration is loosening and they are deregulating the AI industry so much that any future administration that might take over in 2028 is going to kind of have their hands tied behind their back because if they try to stop it, they're going to very, very much hurt the economy because we've been pushed down this pathway so far that we've kind of reached the point of no return. It really sucks. The other economic indicators also substantiate the fact that there's likely not going to be a crash because for the most part, we're pretty stable right now. Unemployment is pretty stable. Wages are actually on par with inflation rates despite the fact that we had hyperinflation in the months of May and June due to the war in Iran. We're showing more resiliency than a lot of people realize, but again, before you kind of look at me and say, you see stupid libtards, we told you, again, we are in a K-shaped economy, which means the top 10% are the ones that are benefiting from this while the middle class is staying exactly where they are and the poor class, the lower class, is seeing the value of their dollar drop. Long story short, we're likely not going to see a crash, probably not going to see a recession. We're probably stuck in this exact scenario for a very long time."

💬 Discussion

Miko.The.Cat @mikothecat2025.bsky.social · Jul 9, 02:50 PM

<div class="border-l-2 border-slate-800/60 pl-4 py-2 mt-3 ml-2"> <div class="flex items-start gap-2.5"> <!-- Avatar --> <img src="https://cdn.bsky.app/img/avatar/plain/did:plc:igprfpzunz3gguaxysd3tbcy/bafkreic3issgr7q3yfpd324p6dyezf43zzq32upus5mveylhwv4sqhy2tu" class="w-6 h-6 rounded-full shrink-0 border border-slate-800" /> <!-- Comment Content --> <div class="flex-1 min-w-0"> <div class="flex items-center gap-2 mb-1"> <span class="text-xs font-bold text-slate-300">#DUMPTRUMP…👑KING of EPSTEIN ISLAND</span> <span class="text-[10px] text-slate-500">@zanderran.bsky.social</span> <span class="text-[9px] text-slate-600">· Jul 9, 03:05 PM</span> </div> <p class="text-xs text-slate-350 leading-relaxed break-words">Only one so young and inexperienced could be so naive. All your extrapolation would be fine..if..if there was no China or India or hostiles like the Arab nations and South Americans and an indifferent Europe. Throw in a Democrat win and you are truly fucked. Anyone betting on statistics is a fool.</p> </div> </div> <!-- Replies --> </div>