Davos and the Global Reset

boggsman1 · Joined: 24 Jun 2002 Posts: 9123 Location: at a computer

The free flowing capital markets love Janet Yellen .. ISO stuck in the 1950’s...
It’s a pretty solid group so far .. Top notch Blackrock guy as top economic advisor, a huge uptick from the always wrong Larry Kudlow..

mrgybe · Joined: 01 Jul 2008 Posts: 5181

boggsman1 · Joined: 24 Jun 2002 Posts: 9123 Location: at a computer

mrgybe · Joined: 01 Jul 2008 Posts: 5181

Boggsy, First, I'm a retired windsurfer who scans the WSJ when not on the water or mowing the lawn. It's your job to be keeping up with this stuff every day, so when you constantly make demeaning remarks about people you don't know.......cretins, low lifes, morons, clowns, always wrong etc, etc, it's fair game to see how you did in your own area of expertise. Second, all of Tesla's growth has been outside California......all of it. Will the HQ move? If all the job growth is outside CA, it's somewhat irrelevant. Musk will probably keep the threat of a move hanging over CA's head to extract even more taxpayers funding; you will be contributing. Third, I've been "dead wrong" on EVs and Tesla! Au contraire mon frere. Tesla has not made a penny of profit on any vehicle it has manufactured since its inception. Every other manufacturer also loses money on EVs. No-one would be making them were it not for government subsidies and mandates. As for the Tesla valuation, it continues to defy logic, but I should remind you that I am not the one who got out of Tesla stock at $140. BTW, Uber just bailed on self driving cars "to focus on profits". Quelle surprise!

boggsman1 · Joined: 24 Jun 2002 Posts: 9123 Location: at a computer

Uber sold its divsion, and turned around and invested $400 mm in the company, which represents 5%, they aren't getting out, rather taking a passive stake. Door Dash hit the market today, $50B of new SF wealth. Uber Eats is second to Door Dash, so clearly they have aligned their businesses correctly, Dara is doing the right thing. The world market values for the EV industry is well over $1Tril, with Chinese companies leading the way after Tesla. Tesla would be making a huge risk moving out of Palo Alto, as would any of the Mega- tech companies that depend on talent to compete.

Btw-this little exchange started with comments about Janet Yellen, and Larry Kudlow. If you've followed Larry, you'd know he's almost always wrong. In fact Barry Ritholz called him the most wrong man in financial world...

I think it's time for you to go back to mowing the lawn, I'm sure you're quite proficient there...

mac · Posted: Wed Dec 09, 2020 11:43 am Post subject:

Boggs—you don’t really expect duckgybe to acknowledge he was wrong do you? He has defiance disorder, he has picked fights repeatedly over trivia to claim his superior intelligence. One example—the deadliness of COVID. If you look at the total number of infections and deaths in the US, you see the death rate is just under 2%. (293,000 in 15.6 million). That’s about 1/20th of the death rate of influenza. In the world the rate is 3%. The death rate has fallen from 5%, and the US from 3.5% because of better treatment. Gybe was wrong on. That.

Some people aren’t interested in figuring things out, they’re invested in claiming they are right.

boggsman1 · Joined: 24 Jun 2002 Posts: 9123 Location: at a computer

mrgybe · Joined: 01 Jul 2008 Posts: 5181

Boggsy, You and Gavin are singing from the same hymn sheet...this just a couple of months ago.

"Gov. Gavin Newsom told CNBC he was “not worried about Elon leaving any time soon” and the state was committed to the car maker’s success. “We may not be the cheapest place to do business but we are the best place to do business,”

It's precisely that attitude that Musk is talking about......no-one can do what we do outside of SV.......yes they can, and they are proving it. That's why he left. Hewlett Packard agrees with him. Oh, and Palantir, who "blamed the “increasing intolerance and monoculture” of Silicon Valley for the company’s move." Sound familiar? Time to wake up.

boggsman1 · Joined: 24 Jun 2002 Posts: 9123 Location: at a computer

HP Enterprises, a struggling off shoot of HP, which remains in the valley. Get your facts straight. Elon is PERSONALLY moving to Texas, Tesla is still a CA company. For a little perspective, $360 Billion of new SF companies have come public in the past month, and $15B HPE is moving. Peter Thiel , and Joe Lonsdale(who you quoted above) are moving Palantir, which really can exist anywhere.

mrgybe · Joined: 01 Jul 2008 Posts: 5181