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There’s a smell in the air, that faint electric tang before a storm. The markets are choppy, the screens green and red in alternating flickers, and behind it all you can almost hear the static of something old returning.

In this episode of Acid Breath, I drive straight through the fog. The Philadelphia Fed survey just recorded its steepest drop since 2020; the factory heartbeat of America skipping hard. Across the Pacific, Taiwan Semiconductor printed perfection: record profits, guidance raised again, AI demand still climbing precipitously fast. Two worlds, one slowing, one racing ahead.

And under it all, the same hum: leverage. I talk about the sub-prime echoes in auto credit and the quiet bankruptcies and American neighbourhoods with no lights on. It’s a signal. Then I go back in time to 2007 and recount a period when the whispers first started and nobody listened. 

It’s a long, cinematic ride through shutdown politics, manufacturing uncertainty, silicon glory, and the strange beauty of markets pretending to be calm. Think late-night jazz, not CNBC.

If this episode makes you think, or even makes you uneasy, that’s the point. Give it a five-star rating, share it with a friend who still believes in “soft landings,” and help this show keep cutting through the noise. The more you amplify it, the further we can push the conversation away from headlines and back toward truth.

Because markets may forget but memory still compounds.

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