Short answer, hell no! www.newyorker.com/news/the-fin...
The Space X IPO is this week. The asking price values the company at $1.75 trillion. The offering is oversubscribed. This for a company with $18.7 billion in revenues that lost $4 billion last year. No rational model supports this valuation, but we don’t live in a rational world. Tulip bubble.
This post is out of date. Musk and his bankers are now shooting for a $1.77 trillion valuation and they are making it easier for retail investors (ie easy marks) to buy into the IPO. So the valuation is now over 90x Space X revenues - way into the stratosphere!!
Here we go again. If forced labor is such a big issue in international trade, why did it take the Administration so long to discover this? More likely, its a paper thin rationale constructed to satisfy Trumps tariff desires. www.washingtonpost.com/business/202...
Incidentally, the most well documented use of forced labor is in the production of cobalt by unlicensed mines in the Democratic Republic of the Congo, and of course, the US is a major importer of cobalt produced in the DRC. .
This guy has zero national security experience, I mean absolutely nothing, but he is a sycophant who will do Trump’s bidding, so perfect choice I guess. I hope the Senate 86s this pick.
www.seattletimes.com/business/tru...
Here we go again. Trump is proposing to place a 25% tariff on a wide range of imports from Brazil as a response to alleged “unfair trade practices”. The US runs a persistent trade surplus with Brazil! www.nytimes.com/2026/06/02/b...
The shape of things to come. Japan is leading the world into population decline. There are some pretty significant economic consequences of this, including how to manage welfare payments to an aging population when the base of taxpayers is shrinking.
www.seattletimes.com/nation-world...
The Trump Administration is still trying to sell the dumb fiction that foreigners pay import tariffs on the goods they sell to the US. For the thousandth time, it’s the importers of record that pay, typically American entities. How stupid do they think the American public is?
A total of 60 trading partners including the E.U., China, Japan and Britain would be affected.
