IBD News Editor by day, write about #stockmarket at night. On #IBDLive in the a.m. Gen X pop culture. @IBDInvestors | Threads: edcarson1971
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This makes sense when you remember what LAUSD's focus is on.
Math is hard for the LAUSD.
"Enrollment declined from 440,365 to 369,830 students, a decrease of about 16%. Over the same period, the total of 'full-time-equivalent' jobs increased from 60,344 to 64,148, or about 6.3%"
latimes.com/california/story…
100%.
Many of the justifications Musk has made about Ukraine is that he wants to stop the killing - and there's the risk of Russian nukes, etc.
All of that would be true in an India-Pakistan or India-China conflict.
Classic game theory is that you can screw over partners *one* time - and then everyone adjusts (and is worse off).
Peace in our time is at hand (and a piece of the action).
Seems like Hillary in 2016. The polls showed a close race (she did win the popular vote), but experts couldn't believe Trump had a real chance.
This time prediction markets couldn't believe Lula would win after Bolansaro won round 1, even though that edge-and polls-were tight.
Wut?
New: Sources from three countries confirm that the Trump Administration has advocated Viktor Orbán for UN Secretary-General.
The US has encouraged Orbán to enter the race, even bringing him the initial idea of a joint U.S.-Russia-China candidacy.
WSJ:
wsj.com/opinion/viktor-orban…
Ed Carson retweeted
I'm waiting to be proven wrong, but I'm starting to suspect that restoration of Starlin (and intel sharing) came at the price of strikes on Russian refineries, saving Putin's energy economy and taking away one of Ukraine's most effective retaliatory strategies.
Elon Musk saying what many are saying. Many neoclouds are in trouble while investment grade SpaceX can borrow more easily and cheaply than, say, $CRWV.
Ofc., certainly in Musk's interest to hype up rivals' woes.
Also, if AI financing implodes, nobody wins. 1/
Pretty much.
As of the past few weeks, debt markets have almost entirely shut off access to money for any company that doesn’t have substantial revenue independent of AI data centers.
SpaceX closed $40B of debt for GPUs, but we’re investment grade and have Starlink & launch revenue.
That means the 200+ neoclouds are going to see guppy-level death and consolidation. Some will make it through, but not many.
Ed Carson retweeted
It's the same pretty much everywhere with rent controls. A story from Berlin:
True in Spain too. Every landlord in Madrid and Barcelona screens the renters now. This is an obvious consequence of rent control. The most vulnerable, ostensible protected by the legislation, are in fact excluded from the rental market: if you cannot be evicted for non payment, then you are too risky a renter.
The final coda? There will be a revolt - but only because boomers will be slipping away. So Social Security cuts, the end of special tax breaks for seniors, etc. will fall on Gen X.
Ed Carson retweeted
Nancy Pelosi, who is regularly hammered for her perceived insider trading, has made 213 total trades since 2014. Trump exceeded that number in a single day, which just happened to precede his own tariffs announcement. My latest on the mind boggling self-enrichment:
Predictable
Time to trade populism for popular policies.
Just such a fun chart here from @greg_ip. If only we could tease out some meaning. Ah, well, nevertheless. 🤣
Big week for memory with $SNDK, $SKHY, $STX all reporting. Samsung Electronics also will report after giving prelim figures on Oct. 8.
Ofc., the market reaction to $MSFT, $AMZN, $GOOGL might be more impt than the memory results/guidance themselves.
If a stock undercuts the 30 week u want it to quickly get back above, just like July in $SNDK
Last week was the first close below and instead of buyers stepping up for “cheap shares” it made another new low this week.
Anything can happen but I wouldn’t be surprised if it’s back below $800 April level soon.
Ed Carson retweeted
Thomas Sowell: “I have never understood why it is ‘greed’ to want to keep the money you have earned but not greed to want to take somebody else's money.”
