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"While your 401(k) collapses, Trump’s buying Teslas and fantasizing about annexing Canada.
As Donald Trump crashes the markets again, what does he do in response? He holds a Tesla commercial outside the White House, bragging about buying a Tesla for himself and his granddaughter. While Americans watch their pensions and retirement accounts evaporate, Trump’s big solution is to drool over a dashboard and say, 'Wow… computers.'”
~ Ben Meiselas
https://www.meidasplus.com/p/trump-makes-tesla-commercial-as-he
"In a Monday interview with Fox News’s Larry Kudlow, Sen. Tommy Tuberville (R-Ala.) suggested the stock market’s recent nosedive was reasonable, even justifiable, because things had simply gotten too lucrative.
I asked Tuberville to elaborate on his statement that the market was 'over-bloated.'”
~ Joe Perticone
#Musk #Trump #economy #StockMarket #stagflation #recession
/2
“'It’d gone way up, you know, probably over-priced,' he said. 'In a short period of time it had really gone up, and so it probably reset itself a little bit.'
Asked whether the market could get back to the same level, Tuberville said, 'No doubt.'
I noted that the consensus has been that the market dive was a direct result of Trump’s tariffs and the economic instability they bring."
#Musk #Trump #economy #StockMarket #stagflation #recession
/3
"Tuberville said that more tariffs coming at the start of next month would right the ship. (He did not make clear how exactly this righting would be achieved.)
'They don’t last forever, I mean,' Tuberville added. 'The reciprocals are gonna be, what, April 2nd? So it’ll be good. Bye, bye, bye.'
For what it’s worth, I checked the handy Autopilot app3 to see how Tuberville’s portfolio is performing over the past three months. He was down 6.9 percent as of Monday."
"On the Monday edition of his program, Fox News host Sean Hannity announced that as a gesture of devotion to Elon Musk, he is buying a Tesla. …
Then Tuesday morning, Donald Trump announced that he too will buy a Tesla, and expressed his belief that it should be illegal for anyone not to buy one."
#Musk #Trump #economy #StockMarket #stagflation #recession #Tesla
/5
https://paulwaldman.substack.com/p/the-war-on-tesla-is-good-for-america
"Tesla stock is dropping precipitously; in December it reached a high of $488 per share, but after yesterday’s trading it stood at $225. But even with that decline, Tesla’s stock is still wildly overpriced. …
But Tesla’s stock price was always based on the cult of Musk; people and institutions bought it because they believed that other people would keep buying it and paying more and more for it, simply because of how awesome Elon Musk is."
@wdlindsy We all see who the greater fool is now.