If you thought the American economy was just having a little nap, think again. Thanks to a delightful cocktail of Trumpian tariff tantrums and US Treasury yields doing their best impression of a rollercoaster, things are looking about as stable as a jelly on a trampoline. Enter Elon Musk’s Department of Government Efficiency (DOGE)—because if you’re going to name a government agency, why not make it sound like a meme coin? 🐕🦺
Musk, who is apparently on speed dial with the President (and possibly Mars), has announced that the solution to the looming debt crisis is not to tighten belts, but to buy bigger trousers. Yes, instead of cutting federal spending, the plan is to spend more—because nothing says “fiscal responsibility” like doubling down at the casino when you’re already out of chips.
Meanwhile, the US bond market is sweating profusely as the 10-Year Treasury yield leaps to 4.5%. Economists everywhere are clutching their pearls and updating their LinkedIn profiles. According to Kalshi data, the odds of a recession have jumped to 43%, which is almost as high as the number of acronyms in Washington.
America’s financial wizards are betting on growth, optimism, and possibly a little bit of magic. Will it work? Well, if it doesn’t, at least we’ll have some excellent memes to look back on. For more details (or just to watch the chaos unfold), check out Coingape.com. 🚀💸
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2025-05-24 10:14