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Manchin’s permit reform bill would have been great for green energy though.
Right now it’s progressive NIMBYs who are the biggest obstacle to green energy. This is why Texas is completely dunking on California in terms of new installed capacity. They are almost always the ones stopping new...
Manchin’s permitting reform bill, which would have sped up the permitting process for green energy projects, failed because of “progressives”.
He’s gonna try to attach it to a defense bill. Make sure to tell your critters to support it.
Left leaning centrist here, the Democrat party has completely 180ed from the optimism and hope of Obama.
Life has been a bit rough. A year of covid nonsense, then right after me and my siblings have had to deal with *both* of our parents getting cancer. SpaceX and Tesla have been huge white...
Facebook has declining revenue and rapidly expanding costs.
If you take Facebook’s guidance for spending next year and they keep having declining or flat revenue they will *lose* money… that’s why the stock price is so low.
Pretty much all of the tech mega caps are post growth.
I think we’re headed for a little double dip recession. California and the Bay Area specifically will be the worst hit imho. Signs of such are starting to show up.
Meta just announced mass layoffs in the thousands.
EDIT- to add, this may push up Meta stock, as cost control has been one of the biggest issues with the stock… could have macro effects too.
Something to think about; it’s going to be interesting seeing how other automakers fare in an environment of rising interest rates considering how debt dependent many of them are.
Many automakers, most especially the German ones had pretty poor FCF over the last decade and were pretty dependent...
There were debt ceiling fights and gov shutdowns during both of those periods btw. There was also large reductions in the budget deficit as well (even surpluses in the 90s).
The NASDAQ hit 9700 in feb 2020, and is 10500 now. Inflation since then has been 14.5% so that is a 5% loss in real inflation adjusted terms since that peak.
The Nasdaq peaked at ~16,000 roughly a year ago, that’s a drop of 35% in nominal terms and ~40% in real inflation adjusted terms.
Remember, electric horsepower is worth much more than ICE horsepower when it comes to acceleration.
-much less drivetrain losses (no transmission) Multi motor EVs don’t even need differential gears.
-much better traction control
-average power delivery is much closer to peak rating than on ICE...
The price will probably be higher because of the recent inflation, but my guess is battery storage from the gigantic amounts of wind & solar in the interior which have very low prices during oversupply.
Hence the need for Tesla bot to drive the labor input of industry down as close to zero as possible.
A Mars colony will be 99% robots supporting the domed humans who maintain them.
I know this might be crazy, but back in the before times you could like, respect, or be friends with a person without having to agree or endorse everything they’ve ever done. People hired dentists and plumbers who did the best job and not the closest voting record... It was madness
Savings flows are the biggest determinant of trade surpluses and deficits. Tariffs do very little to change it ultimately. See Michael Pettis “The Great Rebalancing “ or “Trade Wars are Class Wars”.
I’ll just say this as a person in the center; the extremely online woke left continuously overestimates the popularity of much of their stances. Loud =/= popular. Outside of coastal enclaves (which are now hemorrhaging population because of it btw) it is extremely unpopular. Movies and shows...
Lol
Go ahead. Start a trade war with the country that spends hundreds of billions a year defending your borders, securing your energy supplies, and and keeping the sea lanes safe for your exports, and does all of this while letting you have a trade surplus with us.
Normally I wouldn’t be so...