Obviously this is the result of settler colonialism - settlers destroying the native species and planting their own, but I would love to see what the “God gave this land to Israel” freaks have to say about this.

If Trump doesn’t fold soon, we’ll be on track for a sequel to the Great Depression.

Just a few more weeks of this will cause enough trouble in the supply chains that even if Trump completely drops all tariffs to zero, there will be significant economic problems. It takes at least 2 weeks for a ship to come from China and that is assuming that everything is running smoothly.

Our technologies permit us to manipulate time and space. They leave distance annihilated, cause things to grow, and improve productivity.

People have been talking about thorium for a loong time. There are still problems with the molten salt design, but even the current problematic designs are more efficient than current nuclear reactors. There was just no R&D spent on it because the thorium cycle uses the weak cuck soy U233, while the current nuclear reactors use the alpha chad U235.

Line go up bigly, despite less container traffic. Higher tariffs on lower imports still allow for the going up of the line.

While Gutting USAID, Marco Rubio Quietly Saved Cuban Regime Change Programs

The longtime anti-communist saw programs that support overthrowing the Cuban government restored after they were initially cut off.

It looks like first shipments of highly tariffed stuff are just arriving. The big tariff increase (10% on everything, higher on China) was on April 5th, but tariffs applied only on products that left the port of the originating country (China, EU, etc) on April 6th or later.

The NY Empire State Manufacturing Index fell to -8.1 points in April

6-month outlook for general business conditions plummeted to -7.4

The 6-month outlook for new orders fell to -6.6, the lowest in history.

Prices paid outlook spiked to 65.6

Less stuff being bought and produced, but what is being bought and produced is at higher prices. If only there was a word to describe this.

Trucking volumes are already down 10% and cargo that was dispatched from China on the day that tariffs went into effect was exempt from the tariffs. First tariffed shipments are probably just starting to arrive.

They also showed a $800 million gain on the Bitcoin they still own in 2024Q4, but the paper decline in 2025Q1 isn’t anywhere to be found. They recognized 100% of the FSD revenue (self-driving software), even tho the rules say that they can’t recognize 100% of FSD revenue until FSD is actually working for the customers.

Quarterly filings aren’t audited and even so, PWC is Tesla’s auditor and they let a lot of stuff slide.

Numbers are manipulated, but you can see some of the manipulation in the numbers themselves. Like the fact that production was down, but Tesla still owes $1 billion more cash to its suppliers, even tho it should be the other way around when the production is declining (and thus Tesla suppliers sold less stuff to Tesla).

Have no idea who this is, but it is funny how someone on Twitter has to be on call for Elon Musk to deprioritize users in the algorithm.

The European Parliament is in the “final stages” of discussions with Beijing about removing sanctions on its members, smoothing the way for normalised relations with the bloc, according to a spokesperson for the lawmaking body.

“Discussions with the Chinese authorities are continuing and in their final stages,” the spokesperson said.

Trump said he’ll only lower the tarrifs on China once “a deal is reached”.

Well, isn’t that completely obvious? Is there a Wall Street trader who believed that if/when a deal was reached, it wouldn’t include lower tariff rates?

It looks like another case of the market rallying on absolutely nothing, lol.

So Trump said something about “tariff will not be 145%, but more like 50%”, but nothing actually happened, no? No change in policy and negotiations aren’t happening, as far as I know?

TSLA 2025Q1 results are out. Keep in mind that “estimated” comes from Tesla-friendly analysts who waited until the last two weeks before the earnings to suddenly drop their estimates, making Tesla look closer to estimates than it was not so long ago. Even so, results are not good. And this is before all the tariff stuff that should seriously hit Tesla’s energy business, since they import the majority of the cells and solar panels for their battery storage and solar division.

Earnings per share adjusted: 27 cents vs. 43 cents estimated

EPS: 12 cents vs 34 cents y/y

Revenue: $19.34 billion vs. $21.11 billion estimated

Automotive revenue dropped 20% to $14 billion from $17.4 billion in the same period last year.

Earlier this month, Tesla reported a 13% decline in deliveries to 336,681.

They “achieved” $660 million in free cash flow, but their accounts payable are up by $1 billion (despite lower production), this means that they are probably delaying payments to their suppliers until the end of the quarter to make this quarter look better. Despite the fact that Tesla is supposedly developing all this new stuff - robotaxis, FSD, autonomous robots and so on, their capital expenditures are down by like 50%. It looks like they are already trying to conserve spending.

[edit] Naturally, the stock is up by 0.5% on this terrible news. The Tesla piggies are going for the worst price/earnings ratio in history.

BREAKING: The Education Department will begin collection on student loans that are in default next month, including garnishing wages for up to 5.3 million borrowers.

Damn. Another curse of the Biden bankruptcy bill, without it student loans would also be discharged in bankruptcy.

This is bad money!

Everyone was saying how the trade war is ACTUALLY a “brilliant plan” to get treasuries to below ~3.0 yields. Instead, yields are going up.

US Treasuries are rising steadily again.

10Y: 4.4

30Y: 4.9

IIRC, this implies mortgage rates above 7%.