Dow jones plunges 512 points in one day; nasdaq down 136; s&p down 60

Did someone say Telsa?

 

Nobody could've seen this last summer. But that guy who posted here right after the cybertruck gaffe was prescient. Should've listened to him. Maybe it was Ron.

Someone who is building very good products for an exploding market of the future is not someone one wants to sell short, regardless how correct one may think one is.

 

Well China has the underlying support of a sovereign nation

 

With all due respect to Messi, China is in a different league economically.

And now Tesla has the full backing of China's money and full access to China's market. And the highest ever short interest.

 

The point is, that China as a massive sovereign nation with a lot of direct control, actually took steps to deal with a number of the key problems e.g. in the banking industry

That is partly why the doom lords analysis of China turned out to be incorrect. They didn't anticipate how China might react

There are other serious analysts who quite like China's positioning in the value chain

 

In the modern context I raised it, stimulus is generally contrasted with austerity

Some governments have in effect imposed austerity on themselves. These would include the UK, NZ and Germany. The logic is questionable in such a low interest rate environment when all 3 had significant infrastructure needs - however it was also top of cycle, so in one view it makes sense to hold the spending until now, when UK/Germany face recession.

In both NZ and UK the logic of austerity was to reduce the deficit (not achieved in the UK). It is also clear that the UK did not achieve a reduction in government spending overall. However it is clear that cutting social programmes etc had an austerity impact on consumers plunging millions into poverty, with net reduction in consumer demand.

This is why it is accurate to say that the Obama admin was frequently threatened with austerity measures to cut social programmes.

Once the Trump admin arrived, we see the GOP did not impose this austerity on itself, despite controlling all 3 branches of government.

Instead we saw top of cycle stimulus, namely;

1. Gigantic corporate tax cuts
2. Huge increases in government spending (e.g. military)

Actual austerity measures, like proposed massive cuts to social programmes, have not actually happened (surprise!)

This is why it is accurate to say that unlike the UK Tories for example, the GOP never imposes austerity on itself, but rather resorts to large scale stimulus (see also Bush II era)

Thanks for attending my Ted Talk.

 

So in a nutshell, Tesla?

 

What? Tesla $1,000 in a month? You can not be serious. The market just went down 600 points yesterday.

No wonder Elon Musk is an Andrew Yang man.

 

What day is it today class?

That's right, today is Battery Day!

 

I don't blame you. What the heck are they doing with a Trump rally when the real rally is in Tesla today?

 

Down 812 now. 997 earlier. Just to make Trump's India trip a little more interesting.

Tesla. Schrodinger. Someone needs to buy up Heisenberg and Einstein quickly

 

A little bit of each, a lot of Trump.