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EV euphoria is dead. Automakers are scaling back or delaying their electric vehicle plans
EV euphoria is dead. Automakers are scaling back or delaying their electric vehicle plans Automakers from Ford Motor and General Motors to Mercedes-Benz, Volkswagen, Jaguar Land Rover and Aston Martin are scaling back or delaying their electric vehicle plans. Though consumer demand for EVs hasn’t shown up in the way executives had expected, sales of […]
Pritzker doubles down with $827 million of taxpayer money for expansion by troubled electric vehicle maker, Rivian – Wirepoints
Pritzker doubles down with $827 million of taxpayer money for expansion by troubled electric vehicle maker, Rivian – Wirepoints At $1.5 million per job, this new incentive package from the state is at least 15 times the norm. For this much money, the state could have just handed out a million bucks to 827 people, […]
Open the Overton Window
Open the Overton Window You may have heard of the “Overton window.” The concept of the Overton window caught on in professional culture, particularly those seeking to nudge public opinion, because it taps into a certain sense that we all know is there. There are things you can say and things you cannot say, not […]
Another Round of Mass Firings at Tesla, Sales Must Be Imploding
Another Round of Mass Firings at Tesla, Sales Must Be Imploding Tesla announced yet another round of layoffs today. News came in the typical way, an email starting “Hello Employee”. It seems “Hello Ex-Employee” would be more fitting. Another 10,000 Employees Don’t worry, it’s just another 10,000 employees. Almost Like Vaporware Clearly this is 4-D […]
The Great Ukraine Robbery is Not Over Yet
The Great Ukraine Robbery is Not Over Yet The ink was barely dry on President Biden’s signature transferring another $61 billion to the black hole called Ukraine, when the mainstream media broke the news that this was not the parting shot in a failed US policy. The elites have no intention of shutting down this […]
New Inflation Floor Will Be 3%: Mark Spiegel
New Inflation Floor Will Be 3%: Mark Spiegel Mark’s updated take on the market’s valuation and his longstanding bet against Tesla. Friend of Fringe Finance Mark B. Spiegel of Stanphyl Capital released his most recent investor letter on April 30, 2024, with his updated take on the market’s valuation and his longstanding bet against Tesla. Mark is a […]
Ford’s $120,000 Loss Per Vehicle Shows California EV Goals Are Impossible
Ford’s $120,000 Loss Per Vehicle Shows California EV Goals Are Impossible So much for California’s mandate that “all new passenger cars, trucks, and SUVs sold in California will be zero-emission vehicles by 2035,” according to the California Air Resources Board. It imposed the mandate at the request of Gov. Gavin Newsom. On April 24, Ford reported […]
Money Is a Monopoly Government Will Never Surrender
Money Is a Monopoly Government Will Never Surrender A major intellectual revelation from my youth came from reading Murray Rothbard’s “What Has Government Done to Our Money?” (1963). He includes a passing opinion that private markets are perfectly capable of producing money with no help from government. Under a sweeping monetary reform, private mints could […]
Home Prices Hit New Record High, Don’t Worry, It’s Not Inflation
Home Prices Hit New Record High, Don’t Worry, It’s Not Inflation The Case-Shiller national home price index hit a new high in February. That’s the latest data. Economists don’t count this as inflation. Case-Shiller national and 10-city indexes via St. Louis Fed, OER, CPI, and Rent from the BLS Chart Notes National and 10-City Case-Shiller […]
The Fed Is Preparing to End Money as We Know It
The Fed Is Preparing to End Money as We Know It Big Banks, FedNow, and the Road to Fedcoin Every quarter, U.S. Bancorp (USB) releases something called U.S. Bank CFO Insights Report. It gathers insights from over 2,000 senior finance officers (CFOs) nationwide. It might not be everyone’s go-to read, but it’s a good way […]
Inflation is Transitory Again
Inflation is Transitory Again Because it has to be in order to fund Bidenomics. As Powell clasps his hands in desperate hope without any evidence to back his hope, the US Treasurer today, like the Treasurer in yesteryear, is giving a solid thumbs-up to his plan, which is already accomplishing everything the Treasury desperately needed. […]
What Are the Odds the Fed Hikes Interest Rates to 8 Percent?
What Are the Odds the Fed Hikes Interest Rates to 8 Percent? I ask the question because the number came up in a recent JP Morgan publication. 8 Percent “Prediction” or “Possibility”? This headline by TFTC caught my eye: JP Morgan Predicts Crushing 8% Interest Rate Spike JP Morgan forecasts interest rates rising to 8%, potentially […]
From Zero to Hero… The Incredible Story of American LNG, Personified
From Zero to Hero… The Incredible Story of American LNG, Personified Mezzaluna, Mr. Souki and the Journey to the Top “If you keep digging, digging, digging, you find something.” ~ Charif Souki O.J. Simpson died last month. Unless you’ve been living under a rock, you probably know that. Well, I guess I sort of have […]
Matt Taibbi Uncensored: Finance Nothing More Than A ‘Street Scam’
Matt Taibbi Uncensored: Finance Nothing More Than A ‘Street Scam’ The opportunity to secure an exclusive interview with Matt Taibbi is something I thought I’d never get…but alas, here we are. Taibbi is the head of Racket News and his reputation as a fearless investigative journalist precedes him. From his groundbreaking coverage of the 2008 financial crisis […]
Europe Scraps Net Zero, Biden Should But Won’t, Why?
Europe Scraps Net Zero, Biden Should But Won’t, Why? “Unaffordable climate commitments have two leftist British parties racing to exit stage left.” Europeans Ditch Net Zero The Wall Street Journal reports Europeans Ditch Net Zero, While Biden Clings to It You know you’ve stumbled through the looking glass when European politicians start sounding saner on climate […]
