Late Cycle Capitalism

[SuburbanFarmer]

As we approach the end of yet another Fed Bubble, let’s all enjoy some schadenfreude at the ridiculousness.

First example - Tesla.

Promised 5,000 cars/week last year, hasn’t cracked 500. Built a gigantic tent factory, appears to be a complete sham.

https://www.zerohedge.com/news/2018-06- ... unexpected

https://twitter.com/IspyTsla/status/1009134913881190400

[SuburbanFarmer]

Seems that the Fed has decided to prop up the tech sector, at all cost. Always the last thing to fall, while the big money evacuates.

https://www.zerohedge.com/news/2018-06- ... ze-history

The 'Relative Strength Index' of the "most shorted" stocks has never been higher and each time it has reached this level, stocks have fallen hard.

But as a reminder - amid all of this - The Dow is down for the 7th day in a row, its longest losing streak in 18 months.

[nmoore63]

I continue to be surprised Tesla has the political support that they do.

[SuburbanFarmer]

I continue to be surprised Tesla has the political support that they do.

People want change. Once the sham collapses though, the big auto makers will regain control.

[nmoore63]

I continue to be surprised Tesla has the political support that they do.

People want change. Once the sham collapses though, the big auto makers will regain control.

I don't buy stock in "cool" companies.

[SuburbanFarmer]

I continue to be surprised Tesla has the political support that they do.

People want change. Once the sham collapses though, the big auto makers will regain control.

I don't buy stock in "cool" companies.

Good policy. I really want Tesla to succeed too, but it looks like he can't back up his promises. Now, he's moved into outright fraud, to keep the plates spinning.

[doc_loliday]

I continue to be surprised Tesla has the political support that they do.

The People like Tesla. The People like Musk.

[nmoore63]

I continue to be surprised Tesla has the political support that they do.

The People like Tesla. The People like Musk.

The people are fickle.

[doc_loliday]

I continue to be surprised Tesla has the political support that they do.

The People like Tesla. The People like Musk.

The people are fickle.

Oh indeed. It might be something he says, it might be something somebody else says, but he could be public enemy no 1 by this time tomorrow.

[nmoore63]

GM might be planting the #MeTwo accusatory secretary at this very moment.