Tesla's value makes no sense. It offers nothing that Toyota doesn't also offer. The only reason Tesla is so stupidly valuable is because it is treated as a speculative meme stock. read more
Europe needs to be able to deter potential invaders by 2030, the EU executive has said as it launched a push to buy more weapons in the bloc and from allied countries, rather than from the US. The UK, US and Turkey will be excluded from defense contracts funded by a 150bn EU loans program, unless they sign a security and defense partnership agreement with the EU. The 150bn loans scheme will be open to EU member states as part of a massive surge in defense spending, but 65% of the costs of equipment funded must come from suppliers in the EU, Norway or Ukraine. The rest could be spent in non-EU countries with a security agreement. read more
Federal Reserve Chairman Jerome Powell warned Wednesday that President Donald Trump's tariffs and the "turmoil" surrounding his administration are expected to cause inflation to rise this year. An increase in unemployment figures is also expected, he told reporters Wednesday after a two-day meeting of the Federal Open Market Committee, in addition to "somewhat elevated" inflation moving the previously anticipated 2.5% estimate to 2.8% by year's end. "A good part of it is coming from tariffs," Powell explained. read more
"This would be a really weird recession, right? I mean, it's a recession by design," he said. "The economy came into the year rip-roaring, exceptionally strong, and we're pushing it in because of policy." "The recession risks are uncomfortably high and they're rising," Zandi said Wednesday on CNN. "I think they're less than 50/50, but it really does depend on the president, what he does here." read more
Footage captured on Tuesday shows the unnamed tourists, who had visited Ireland for St. Patrick's Day, cowering in an alley after ducking the fare while the disgruntled driver brandished his whip and threatened them. "Pay now, pay into my f---ing bank account," the driver shouts while cracking his whip at the terrified duo. read more
If we remove politics this is a good thing, right?
#37 | Posted by BellRinger
Scientifically Accurate Flipper
www.youtube.com
Market ManipulationNot that I would suggest that the man causing this recession would ever engage in such conduct ...
In economics and finance, market manipulation is a type of market abuse where there is a deliberate attempt to interfere with the free and fair operation of the market; the most blatant of cases involve creating false or misleading appearances with respect to the price of, or market for, a product, security or commodity. Market manipulation is prohibited in most countries.
en.wikipedia.org
"Hey China! How about I tell you how the US plans to stop your Taiwan invasion. In exchange for setting up a dealership for garbage cars in Tiananmen Square?"
-Anonymous Goose-Stepping Not A Nazi