Multi-Bubble Popping Economy with John Rubino #5650
b'Maturing debt in a higher interest rate environment is spiking everyone\'s\\xa0debt-carrying cost. US now spends more on interest than defense.\\xa0 Meta is firing thousands of employees this week. Lots of other tech companies doing the same on a smaller scale.\\xa0 Mortgage rates at 7.5%, mortgage demand plunging. The housing bubble has definitely burst.\\xa0 Huge shift in stock market leadership from tech to energy. Twitter take over by Musk and the fallout.\\xa0 Gold and silver\\xa0had a massive up day on Friday.\\xa0 Meanwhile, central banks are buying gold at a record pace, some of them in secret.\\xa0 Can we talk about the Atlantic "covid amnesty" article and the response to it? Is a Red Wave coming on Tuesday?'