the US has fkn 670,000 federal workers furloughed without pay right now, plus about another 200,000 or so roles who are working but waiting on back pay.
These people are 32 days with no income, no 401k, no pension or IRA distributions. No expendable income for stacking sats or sports gambling.
This market liquidity is total shit.
54% of federal revenue comes from income taxes, & roughly 10% is derived from capital gains taxes.
the Government’s new implicit mandate is clear: deep recessions are no longer allowed to happen
A decade ago, I was the guy who worked 60 hours a week. My pride & self-worth were very much tied to my quiet ego & the hours I poured into my career. Then one day, I had a massive realization. At my son’s birthday party, as I looked through photos from over the years, I realized I didn’t truly remember any of those moments… I’d been too preoccupied with work. It hit me that I’d been trading those years away for people who didn’t really care about me, for a company I didn’t even own. From that day forward, I never viewed my career the same way. The time I have left on this earth belongs to myself & my family first… they are the true & only priority.