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Half the companies in Fla will cover $50k or $60k solar panels. While other companies are embracing it.
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There are going to be a lot of Chinese EVs in the US in coming years, and a lot cheaper. China also has rare earths.
Can't really invest in these Chinese companies though, because China doesn't really care about US investors.
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Using Rico Act.
“Using copyright infringment as the centerpiece of their business. Basically that their entire business is a fraud.”
“Using a decentralized structure to plausibly redirect blame to third parties.”
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Still $5.5t on sidelines, $1t higher than at start of year, so still scepticism.
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Extreme silicon shortage today to a voltage transformer shortage in a year and then an electricity shortage in a year or two years. To run LOMs and other AI training. Musk suspects.
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US needs class-action lawsuit reform, said Musk. The ratio of good to bad class-actions against publicly traded companies is too large, and it ends up being a tax on consumers. Public corporations fear embarassment, etc.
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Any risk to stability?
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The $20,000 new car might not be possible from here-on. Car prices up. But lots of used car delinquincies, particularly sub prime auto loans (credit score 600 or below). Inventory building up as more supply comes. Consumer demand currently still strong. High interest rates, and so a lot of the new car sales were from the first half of this year. Some brands are doing well (Toyota, Kia, Honda) while others are struggling (and so have to reduce prices and incentivize).
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Limited supply and scarcity are not the same thing. Scarcity is when demand exceeds supply at the price of zero. - Ben McKenzie
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Inflation base effects. Inflation seems low right now. Bianco sees 3 or 4% inflation, and if real rates return to positive higher than 4%.
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Loan applications, rejection rates highest since 2013.
People saying ‘Goldilocks’.
Most people basically have been won over to soft landing thesis.
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China bond distress. These were the companies people were sure their bonds would be alright short term.
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July 19, first time I head an analyst mention Utilities. "More defensive equities now on sale Health Care and Utilites."