this post was submitted on 23 May 2025
306 points (99.7% liked)

News

29506 readers
3331 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS
 

Investors are selling off bonds from the U.S. government, as part of a trade known as "Sell America."

The United States government has had to pay more to borrow in the global debt markets. On Wednesday, the Treasury department found that there was tepid demand for an auction for $20 billion worth of bonds, and ended up paying a slightly higher interest rate (or yield) than expected.

This has spooked markets. Yields on 30-year U.S. Treasuries have spiked above 5% this week — an unusual, and unsettling, surge in the price that the U.S. government pays on its long-term debt. An increase in bond yields is particularly damaging to the economy because it jacks up the interest rates on many things that consumers pay, such as on mortgages and other loans.

you are viewing a single comment's thread
view the rest of the comments
[–] DarkDecay@lemmy.world 106 points 23 hours ago (1 children)

Well trump did say he'd run the country like one of his businesses. Bankrupt, devoid of legitimate investors and full of corruption. It all checks out folks, still can't believe people where dumb enough to vote for this

[–] skuzz@discuss.tchncs.de 35 points 20 hours ago (1 children)

Did some research a while back.

Mango Mussolini failed businesses:

  • At least four failed building ventures
  • Had a failed “university”
  • Failed vodka business (how hard is that, right?)
  • Failed steak business
  • Failed airline
  • Failed board game
  • Failed casinos in Atlantic City (how do you fail at running multiple businesses that only exist to hoover up money?)
  • Failed magazine
  • Failed luxury travel organization
  • Failed mortgage company
  • Failed presidency that took Pres. Biden’s administration most of their entire term to fix. We’re talking documents that are gone, departments that are deleted, abject chaos that had to be rebuilt from scratch in some cases.

Successes:

  • Had mommy’s money to get him going
  • Had 5 successful buildings built, mostly in the 1980s
    • At least three of them had fraudulent financial statements, inflated valuations, and inflated tax losses
[–] Lemminary@lemmy.world 10 points 16 hours ago

Isn't failing a business on purpose for profit a shitty but viable strategy? I've seen at least one YouTuber who explains how this stuff works but it escapes me every time so I'm wondering if anybody has insight on this.