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 Governmentβs new implicit mandate is clear: deep recessions are no longer allowed to happen
