Spyke

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Tesla Slumps Below 50% Share of California's Electric Car Market

Musk already got what he wanted. He bought Trump, and Trump will give Palantir every ounce of government data to analyze, which was likely a sticking point for Palantir to cement them as the only viable product for the US governments future military applications. Once pandoras box is open for classified data its a little bit hard to close it, especially once they gain a dependence on it.

Palantir then buys his crappy xAI platform that recently bought Twitter.

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surely

If a house is 4 million dollars and you work as an uber driver or cashier you may have a different opinion that everything is good. All this current world order has done is monetize everything with debt, a big wall of debt that bids up the price of inelastic goods, as the rich borrow as much as possible to write off their cheap debt using their inflated collateral while never liquidating a penny of their assets.

Then when their mansion burns down due to building in a risky area or the bank that lends all this debt overextends then the government bails them out, as peoples paychecks are inflated away and they are denied pay raises due to the bad economy.

But I'm one of these smooth brains.

canada

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Know before you vote: where do federal parties stand on EVs?

Why should the poor fund the rich to replace their 3 year old Lexus with an EV, surely funding mass transit makes far more sense?

Why do we even want to push car centric urban sprawl in the first place during a massive housing shortage where everything should be being rezoned for density, or the fact we are borrowing public money that we then pay perpetual interest on to gift to for-profit corporations. This whole thing is messed up, and its no wonder Canada has so many problems when our politicians are this corrupt.

memes

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Every kid's dream

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We need low interest rates and skyrocketing asset prices so that people pay 2% more to buy this next year. Consumption must go up so that people have worthless jobs producing trash that our politicians call economic growth, as people applaud their stocks rising.

me_irl

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me_irl

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I've been watching Mr Rogers lately since I have a young kid now and I think thats the way to act. Even people he might disagree with he would have a chill discussion and respect their opinion, just letting them vent their problems.

world

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German poll: Majority for return to nuclear energy

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Well its going to get more expensive relative as well as oil prices fall globally due to recession. But then we will hit another energy shortage and it will become cheaper, which is why France started building nuclear in the 1970s to begin with.

It seems to me nuclear takes you off the ebb and flow of global energy prices, I'd prefer spending on nuclear rather than carbon capture which seems to be the existing plan of many countries to combat climate change.

canada

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Canada’s housing market was poised for a comeback. Then trade war jitters set in

The real problem I see is its tied to our money supply.

-The mortgage acts as a gatekeeper for an inelastic good that is necessary for life and procreation, hence the youth are forced to sign up for it, which grows the money supply when they take out the mortgage. This means the price is always being bid up and will fill whatever available debt bucket people can attain.

-This newly created currency goes from the bank to the boomer, the boomer spends the money, and it grows aggregate demand.

-This then funnels down into goods prices, counteracting deflation due to technological progress; counteracting CPI deflation such as hedonic adjustments and subtitutions; counteracting money taken out of circulation rather than being spent, by it being invested into alternative investments; leading to our 2% inflation target.

If the price of homes fall then you get a virtuous cycle of people no longer taking out mortgages, as no one wants to catch a falling knife, leading to a dramatic fall in the money supply. So instead we push the bubble higher until it finally becomes unsustainable. Its really a fundamental problem with our entire monetary system as far as I see it, and will inevitably always lead to the kind of demographic collapse we are seeing.