Boğaçhan’s Cafe

Every subscription i cancel is coming back with an offer at least 50% cheaper last few months. The street close to my wife's bakery with car dealers have cars parked on the street now. New car dealers have them coming out of their ears. International flights are down as Delta showed. i just flew with a small plane from Europe to NY, first time in a long time.... there were no big crowds in the airport. When car sales are so dismal, Tesla went up 40% in few weeks because Elon got a check worth $55 billion... his state of art project in space is also in trouble, although not as bad as Nasa-Boeing experiences. All in all, the entire planet started to look like drowning American cities, like Detroit. Everthing is going down except the casino they let to build in the middle of city center to be able to get some taxes before all collapse.

It is very hard to judge the economy of US now. We never had M1 goosed up to this size of GDP before. We never had more than 9 million illegals entering US in 3.5 years. How they are getting counted in labor reports is a mystery to me. It is clearly cheap labor but do they pay any taxes? We never had US Govn have over 2 Trillion deficit in 4 years in a row during peace time before, or as a percentage of GDP. Now that interest payments are over a trillion, most of deficits is funding that. So we actually increase M2 again and if velocity of money goes back to normal, M2 will be higher than GDP. Meanwhile tax data is not too bad but important signals like 2nd hand car sales is diving. It is a cluster fck to figure out. But the discrepancy btw real and spec might get even more as interest payments are feeding the latter at a cost to former.

JUST IN: ANNUALIZED INTEREST PAYMENTS ON 🇺🇸 US FEDERAL GOVERNMENT DEBT REACH RECORD HIGH OF $1.14 TRILLION ...