Congress is spending America into bankruptcy!

avatar
Jon Erlichman
@JonErlichman

Interest costs on U.S. federal debt:  2024: $1.13 trillion 2023: $883 billion  2022: $719 billion 2021: $562 billion 2020: $523 billion 2019: $575 billion 2018: $523 billion 2017: $459 billion 2016: $433 billion 2015: $402 billion 2014: $416 billion Source: Treasury Dept

📈 Market Reaction:

PayPal 🇺🇸

Before post: $72.63

Time after posted
Price & Change
1 min
$72.63
+0.0₄991 (+0.00%)
5 min
$72.65
+0.020 (+0.03%)
10 min
$72.64
+0.010 (+0.01%)

Tesla 🇺🇸

Before post: $295.89

Time after posted
Price & Change
1 min
$294.92
-0.970 (-0.33%)
5 min
$295.29
-0.600 (-0.20%)
10 min
$293.60
-2.288 (-0.77%)

ETH

Before post: $2,576.20

Time after posted
Price & Change
1 min
$2,580.92
+4.72 (+0.18%)
5 min
$2,579.39
+3.19 (+0.12%)
10 min
$2,573.46
-2.740 (-0.11%)

DOGE

Before post: $0.18

Time after posted
Price & Change
1 min
$0.179790
+0.0₃46 (+0.26%)
5 min
$0.179550
+0.0₃219 (+0.12%)
10 min
$0.178800
-0.0₃53 (-0.30%)

GORK

Before post: $0.01

Time after posted
Price & Change
1 min
$0.009920
+0.0₅999 (+0.10%)
5 min
$0.009940
+0.0₄299 (+0.30%)
10 min
$0.009890
-0.0₄2 (-0.20%)

🤖 AI Thoughts:

Elon Musk's latest debt doomscroll triggered a collective market shrug, with Tesla taking the brunt of the apathy. Tesla dipped 0.33% in the first minute, recovered slightly to -0.20% at 5 minutes, then slid further to -0.77% at 10 minutes, suggesting investors are more fatigued than frightened by the recurring fiscal sermon. PayPal barely twitched, while ETH and DOGE flirted with minor gains before retreating, mirroring the erratic but ultimately inconsequential reactions to past debt-themed rants. GORK, ever the enigma, bobbed along like a cork in a stormy tweetstorm. Historical context shows these posts are as predictable as a caffeine crash: similar messages triggered equally muted responses, with Tesla often swinging mildly negative and crypto assets twitching in random directions. Volatility remains tame compared to true market-moving Musk moments, like naming a new CEO or accidentally tweeting a meme stock. The irony? A post warning of financial ruin had less impact than the cost of a Starbucks latte in most portfolios. Perhaps the market has finally learned to tune out the boy who cried bankruptcy.

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