Breakaway - Investing & Finance
Breakaway from the haters and mainstream thought. Learn about Investing, Finance and the Economy in a plain english and entertaining way. Understand the business environment and make money investing. Uncertainty in the markets driven by crisis, anarchy, politics and craziness is simply opportunity. Facts and truth here.
Breakaway - Investing & Finance
Markets, Tariffs, Panic, Tesla, Robots, Xai
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Sean Hathaway
Opening
- Happy b-day to wife and her mom!
- Tiger Dating Vanessa.
- Cialis. 2.5mg per day for longevity from Bryon
- Trump, Kid Rock, Dana White and Bill Maher have dinner.
Markets
Full Correction Territory (down 10%); quickly moving to “Bear” down 15%.
- S&P 17%, Tech 25%+
- Apple in huge correction. PE still at 30
- Netflix at 43.
Tariffs
- No income tax in the US income tax until 1913.
- Tariff rates: The U.S. charged less than most big players—think 2-5% versus 5-15% from others.
- Trade Deficit 2024 was $918.4 billion.
- Total US spending deficit: $1.8 trillion in 2024 per FRED. Spend $6t and take in $4t.
- Total US Debt. $36 trillion.
- Interest expense is $1t growing
Ray Dalio on the significance and problem of debt.
Antonio Gracias on SS and Medicaid Fraud.
Netflix
SpaceX
X & Xai
CNBC interview with Rich Greenfield. .
Robotics
- New Figure Video released.
- Tesla now taking deliveries for Optimus.
- Official post from Tesla that autonomous robotaxi starting in Austin in June
Tesla
- Tesla worst delivery numbers in years.
- Made in the USA
Key Elements of RICO Charges
Government inefficiency
- Fix Regulation and be more efficientHere is video of Ezra Klein discussing with Jon Stewart why $44b of broadband connected zero homes in 4 years.
Social Security:
- Antonio Gracias:! SS fake #’s and spendings
- Who is screaming the loudest. The Fraudsters.
- Video from Jason C. https://x.com/Jason/status/1906730493216780699
Doge
Goal is to reduce spending by $1b or 15%.
Entire Doge Interview with Brett Baier. Survey at 1:10. $1b. $830m online survey.
- 1700 different IT systems. 17 CIO’s.
- Social Security Fraud.