Apparently Kneecap came out and said they do not, in fact, support Hamas or Hezbollah.
While a little disappointing, I do believe (and UK comrades can correct me if I’m wrong), that expressing verbal support for “designated terrorist groups” actually can land you in jail in the UK.
So if that’s true, I at least kinda understand why they’re saying it.
I believe - and I think there’s a tremendous amount of evidence that supports me - that the stock market is “efficient” in the sense that all information is processed nearly instantly (that doesn’t mean stock markets lead to efficient allocation of capital, that’s a very different thing). So that begs the question, the market is NOT pricing in an economic crash. Why?
It’s reasonable to conclude that market makers are not on the Trump Train and don’t actually believe he will restart American manufacturing or bring in hundreds of billions in tariff revenue.
OK, so that means the market thinks the tariffs won’t have much of an impact. Given the broad consensus among economists of all stripes about tariffs, it’s also reasonable to conclude that it’s not that the market anticipates there will be no impact from tariffs.
Thus, I think that right now the market assumes these tariffs won’t stick, and that they’ll actually disappear fairly soon. Market makers are not blind acolytes of capitalism, though. They have a laser focus on making money. So IMO, I think they have reliable inside information that the tariffs won’t stick. Like, I wouldn’t be surprised if Bessent is begging China to just give Trump the most nominal, pointless win so he can fold. And the market - looking back on the past - thinks China will end up being the rational grown-up and will spare any economic pain for giving Trump is cookie.
And… they might be right. Or at least, I see why this is the response from bourgeois capitalists. But I think if the market ever gets the notion that the tariffs might actually stick then I think you will see the market crash hard and fast. Maybe not as bad as 1929 because I think the market will hold out hope that the tariffs will be lifted (and why would anyone destroy the economy on purpose?) if things get really bad.
If you know what to look for, they can tell you a lot. I actually tend to stick with the numbers as presented and don’t really take into account their “adjustments”, as those are almost always BS used to get closer to the analysts’ target.
Most CEO want to match results to the estimates - overperforming isn’t necessarily good either. “Adjustments” - especially one-time adjustments - are used to get to there. The fact that Tesla’s raw numbers are this bad says it’s really bad.
FWIW I think the TSLA stock price isn’t matching fundamentals because there’s all sorts of funny business with market makers et al
I used to work in investor relations and was directly involved in preparing financial statements like these. Tesla’s results are shockingly bad and the fact that the stock price went up so much after market means either the analysts were way off in their estimates (and the market factored in an incredibly bad quarter before yesterday) or there’s straight up manipulation going on.
But I love that factoid on payables. If you really want to know what’s going on with a company (or an economy for that matter), look at the balance sheet, not the P&L.
And, unfortunately, that the resistance (nor anybody else) probably doesn't stand much of a chance of keeping the zionists from "finishing the job".
Perhaps, but this has always been Finkelstein’s position; even before Oct 7 he thought the Resistance was probably finished (according to him). He seems overly pessimistic in my opinion. At the end of the day the IDF is just as unable to hold ground in Gaza as they have been. They can bomb and blockade, but they cannot bring Gaza fully under their control. Maybe bombing and blockading is all they need to do, though, but it remains to be seen.
I get that LotR has its problems but the fact that these hyper ghouls strip something from that beautiful text and wear it like a mask is absolutely disgusting to me, and I have no doubt Tolkien (despite his flaws) would be horrified.
I know several European researchers here in the US, and they are all looking to get the hell out of Dodge.
Saw this at my folks’ house, apparently my dad’s Sunday School men’s group is going through it. I skimmed it, kinda boring honestly just your basic red-baiting of democrats. I wanted to argue with him about it but my dad is such a political dumbass it would like arguing with a dog.
The New School in New York City might be good.
Things are bad and we can't provide for everyone, so people who we see as not being productive are therefore undesirable.
While I don’t think the Trump admin is literally copying what Javier Milei is doing, they really do seem to be following along the same path just a year or two behind. And in Argentina, it seems like the austerity is falling hardest on the most vulnerable populations like the elderly.
You do know you’re posting on Hexbear right? And we do actually say “fuck veterans” here?