Yes, all that, but the effect of Elon completely alienating the people who wanted to buy Teslas can’t be understated. I don’t hate the cars at all, but my god I loathe Elon and would never give him money.

it’s not an exact measure, but the rule of thumb for a recession is 2 quarters of negative growth

oh, very good reference, well done

The detention centers are private and run by large corps, which receive taxpayer money for every person detained. They’re detaining people because they get paid to do so!

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What I find interesting about this is that we had a similar situation in the UK with Liz Truss. We had a PM who announced a surprise budget of tax cuts, which ok, were a little bit stronger than ones the Tories had done previously. This caused a shock to the bond markets, cost quite a lot of money and she was immediately removed from office by her own party and her budget cancelled.

Trump has caused chaos and cost the US billions with his tariff talk, alienated most western allies, damaged the US MIC enormously and caused deaths in Ukraine by cutting support. The damage done is incalculable, it is not in the same universe as the damage caused by Liz Truss. The only thing that makes sense is that Republican party want America ruined and they aren’t going to stop unless they are forced to. I think what Trump has already done should qualify as treason on the basis of undermining the USA and supporting its enemies.

SPY dropped a bit yesterday, and it’s up a bit today, it’s hardly plummeting. What’s dropping is the dollar, it’s already worth 5 cents less against GBP in the last week.

They are expats to the people in the country they left, and immigrants in the country they went to. I don’t know why people think the word expat is some kind of racism-lite.