TSLA stock is on sale at 50% off from its all-time highs from 2 months ago, but no one is buying neither the car nor the stock! Whoever wanted to buy, have already bought it and it would be very difficult to find new buyers even at the heavily discounted prices.
iRobot never had chance against menSAPPORO wrote: ↑Wed Mar 12, 2025 1:18 pm https://www.cnn.com/2025/03/12/investin ... index.html
iRobot, maker of the popular and pioneering Roomba has doubts about survival and its stock has crashed from a high of $134 to $4 now!
If a robot company that does basic cleaning is not able to survive, what are the hopes of other big AI and Robotics based companies?
..I watched the interview and I don't think Ruchir blamed it solely on the Biden administration. He blamed recent administrations (my understanding is likely since 2017 or even 2013) for running up the deficits so high. Obviously the current Debt to GDP ratio of over 120% is just not sustainable.SAPPORO wrote: ↑Thu Mar 13, 2025 2:02 pm Trump is Trump but I see a remarkable shift in the perspectives of the other countries. During the first term T tariff threats were considered to be empty threats with the end-game of making deals (which could have been done more amicably anyways without the threats). But now, everyone knows T is a bully in bad faith and no one wants to negotiate with him. So, the trade war is in full swing.
There are no winners in Tariffs. One cannot compare India's import taxes on Benz cars to tariffs on everyday items consumed by average Americans Tariffs started the great depression about a hundred years ago. Maybe Trump wants to be part of two 100-year events to etch his name forever in history books, pandemic and a great depression!
Not sure what Ruchir means by recent govt spending. If he is referring to govt hiring, it must be based on easily debunked fake news that Biden increased the federal workforce by 50% when in fact it was by 5%. https://www.statesman.com/story/news/po ... 187967007/
I am pretty sure that laying off thousands of government employees and passing the savings on to millionaire as tax cuts, would definitely hurt the average American looking for services from the govt. What T is doing has to be undone and will be by someone else and it's going to cost hell a lot more. Imagine reacquiring federal building sold to Trump org. Raegan fired 11k air-traffic controllers back in 1981 and we are still playing catch-up!
There's nothing in the video that suggests that Ruchir is NOT a right leaning economist. There's nothing other than indiscriminate layoffs that T has done to reduce deficits that Ruchir was going ga-ga over it. This is why I am guessing that he was alluding to the staff reduction - even if the entire federal workforce is laid off it would be a drop in the bucket!nodegree wrote: ↑Thu Mar 13, 2025 8:32 pmI watched the interview and I don't think Ruchir blamed it solely on the Biden administration. He blamed recent administrations (my understanding is likely since 2017 or even 2013) for running up the deficits so high. Obviously the current Debt to GDP ratio of over 120% is just not sustainable.SAPPORO wrote: ↑Thu Mar 13, 2025 2:02 pm Trump is Trump but I see a remarkable shift in the perspectives of the other countries. During the first term T tariff threats were considered to be empty threats with the end-game of making deals (which could have been done more amicably anyways without the threats). But now, everyone knows T is a bully in bad faith and no one wants to negotiate with him. So, the trade war is in full swing.
There are no winners in Tariffs. One cannot compare India's import taxes on Benz cars to tariffs on everyday items consumed by average Americans Tariffs started the great depression about a hundred years ago. Maybe Trump wants to be part of two 100-year events to etch his name forever in history books, pandemic and a great depression!
Not sure what Ruchir means by recent govt spending. If he is referring to govt hiring, it must be based on easily debunked fake news that Biden increased the federal workforce by 50% when in fact it was by 5%. https://www.statesman.com/story/news/po ... 187967007/
I am pretty sure that laying off thousands of government employees and passing the savings on to millionaire as tax cuts, would definitely hurt the average American looking for services from the govt. What T is doing has to be undone and will be by someone else and it's going to cost hell a lot more. Imagine reacquiring federal building sold to Trump org. Raegan fired 11k air-traffic controllers back in 1981 and we are still playing catch-up!
Musk also thought he would get more federal contracts, but he's losing what he already had. The entire govt fleet was going to go EV under Biden and now T has made a U-turn.mcr wrote: ↑Fri Mar 14, 2025 1:17 am It is amusing to see the interesting situation Musk has gotten himself into...the product he makes (electric cars) are hated by the MAGA crowd as they are mostly fans of gas guzzling 'manly' cars, SUVs and pickup trucks from Detroit. The people who loves electric cars (liberals) hates musk passionately, so they won't buy Tesla cars. No wonder he used Trump to hawk his electric cars..But it would be a 180 degree turn for the MAGA people to embrace electric cars and I don't think it will ever happen!