Railway, Ship building, Standard Oil (Saudi American Oil company) those all predates Autos.
Chinese or for that matter any other country will consume American Soyabean/Energy but they will get rid of all American tech in there supply chain and keep them away from consumers.
There are three alternative blocks in Tech are forming. Europe/China/Russia. They cooperate in specific projects with each other to further accelerate decoupling.
.50% of energy still come from Natural Gas/Coal. and once the shelf life of current Nuclear Industry and water reservoirs done (sedimentation with time). almost 80% of energy will come from Natural gas or Oil. and you think we can survive without thriving Oil/Gas industry?
All these are post-agriculture boom. Guess I should amend my previous statement to include after agriculture boom, then railway/ ship building/ oil/ hollywood/ auto/ tech. All funded by agriculture $$$. Btw, my original point is agriculture kickstarts the birth of a superpower, to maintain its status, continue to dominate Tech esp Semi.
As pointed out by @manch somewhere in the blog, tech in general/ semi in particular, is the future. So is not a surprise they are doing so. Everybody want to control their own future.
That old Agriculture no longer work with current climate and population size.
You are confusing two things. Semi is not Indigenous to US. it has many people from Europe/Russia/Israel/Middleast and than US need help of Asia/Europe for mass production.
now those historical links are breaking apart. and completely new competitors are forming and they have much better education and infrastructure to compete with access to vast Chinese market that will be closing on US firms.
On top of that we have complete waste of manpower on three systems Window/Apple/Android.
We have put trillions into tech firms but the old Energy/Industrial firms are falling apart. it will be the old economy that will save us but there valuation are crappy thanks to Fed.
Agriculture is basic for everything. i get that point but you are ignoring European famines and Intra European wars that accelerated immigration here. I have already pointed out in previous threads that best thing Elon Musk (Part Dutch) can do is farming Soyabeans in Russia instead of selling Tesla from Chinese factory globally. as when rest of world see Tesla made in China. it increase confidence in Chinese manufacturing.
you said tech is the future. what i am saying tech is not the future as more competition is coming on scale that never happened before and on top of that closed markets. so how you justify Tech valuation vs Energy sector? unless Fed is has made some stupid decision to favour West Coast firms.
Many times I have told here, Tesla is EV innovation (highest efficiency energy conversion), just like the FORD made first ICE cars.
Elon showed the world that it is practically possible to create an EV cars with mass production ! He showed the world how much demand was there when he introduced Model 3 registration (400k+). He also showed the world that he can deliver 400k+ cars.
Now, he is expanding into Texas, China, Germany…He will go on his expansion everywhere. He is the leader in technology and mass production and continue to grow across the world with a target of million cars/year soon.
In 20-30 years, Tesla will be big (whether he will be CEO or not…). The valuation is based on future years.
His next target space X is already valued at 175 Billion level. Soon, he will be coming as No 1 billionaire, most likely when space X is IPOed.
I personally think that electric cars are a fraud propped up by government subsidies brought on by the hysteria of global warmer fanatics. Similarly self drive cars are decades away thanks to bureaucrats, lawyers and intolerance by the public for innovation. The fact that a car company can gain twice the valuation of GM in one week while production is less than 1/10 of GM proves Tesla is all hat and no cattle
Remember to treat TSLA as your new AAPL, when you buy at DIP, hold for ever. When you see DIP, buy more, hold forever. With all volatility, this is going up or holding value. Soon, it will come to 1 Trillion Market cap.
TikTok’s Nov. 12 deadline is more than a week after the Nov. 3 presidential election, meaning Trump won’t be accused of banning a popular app used by 100 million Americans before they cast their votes.
If Trump loses, no ban.
If Trump wins, ban.
TikTok’s interim boss Vanessa Pappas, in a reply to Instagram CEO Adam Mosseri, called on Facebook to join its lawsuit against the U.S., which claims the company wasn’t allowed due process ahead of a ban. Mosseri told CNBC last week that a TikTok ban would be bad for Instagram and Facebook, since it would lead to a country-by-country regulation of the internet.
This will screw up the internet for everybody and businesses. Thank @manch favorite CEO evil Zuck.
According to people familiar with the situation, Walmart has joined Oracle’s bid.
WMT is desperate to get access to the users’ data.
Trump has already listed 20 potential replacements. Nothing the Democrats can do but riot. That will guarantee a Trump win. He should pick a moderate… that would solidify his win.
No matter who he picks the Democrats won’t support him. Maybe he should pick Kamala Harris that would confuse the hell out of them
Even now, you believe this news is the reason for market? OMG !
I have informed many times, market action is pre-determined by market makers and it is leading. News papers are attaching sensational news , as if it is the real reason, to market reaction.
All these are aimed at their circulation and ratings, but not providing true information to public.
Do not believe the news/media – Trump said, he is right !
Wait for 10 days or 15 days, market will go back up and up soon. Then, where is the impact of the news?
Remember 19% are retail traders, balance 81% are big funds & banks. Banks are dealing with billions (in a day trillions exchange). Before any bank sells millions/billions, they need to write-up, get it approved until CEO/CFO level. It takes 2-3 days (or even more) justification to trade. They are market makers and they do not trade like us - panic selling. Everything they do is highly documented, approved and bring up or down the market.
I believe only the range of prices is pre-determined. The exact timing of the pump and dump is based on macro-events as the catalyst. Market makers* know which events are the catalysts, don’t think catalysts are pre-determined, they have a way to signal that an event is a catalyst.
*Anyhoo, those guys are not called market makers. Market makers refer to guys in stock exchanges that ensure the smooth trading of tickers.
Btw, well prepared transactions by funds and banks shouldn’t affect the price.
