I remember a 60 minutes interview with some Saudi sheik in the early 90’s after oil had crashed to $10 a barrel. “We need to diversify” he said. “What do we have in as great an abundance as oil? Sunlight!” he said. The plan was to plow oil profits into solar and sell the electricity to everyone. Never happened. We’ve been “just a few years away” from electrifying the whole world for 30 years now. Storage problem? No worries. We’re “just on the cusp” of solving that problem.
And so it goes…
Not true. Also, I would have invested tons of cash. Not worth the opportunity cost unless it is going to rally like TSLA since Mar 2020 Actually it did better, 10x
I need 100x
For those who think Biden and his higher taxes are a great idea:
It’s amazing the drop in unemployment and record increase in income after the tax cuts. It makes you wonder about “studies” who said they didn’t produce any benefit. It also debunks the whole they only benefit the rich narrative.
Unlikely to have higher taxes. Republican Senate would prevent that to happen. Now we have best of both worlds Economic and geo-political stability with no tax hikes.
I stand by what I said. You clearly didn’t even read the article where Yellen said the tax cut wasn’t needs since 4.1% unemployment was considered full employment, so it wasn’t going to go any lower. Yet, it declined to 3.5%, so clearly she was wrong about full employment. I guess the record increase in household income was due to Obama too. The narrative that tax cuts only benefit the rich has been proven to be BS.
This happened after the tax cuts which were supposed to help the rich only yet the lowest earners saw bigger pay increases than top earners.
Obama was a champion of reducing income inequality. Oh wait, he wasn’t.