Day 80: Those damned penguins had it coming
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How concerned is Susan Collins now?
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I have two. One with a cork and one with a screw-top. They’re very nice.
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Libera…?? Wait. I thought it read Libation Day!
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Maine, like all states, has a contract with the Social Security Administration that allows infants to be assigned Social Security numbers at birth. The contract also aides in state death verifications.
You know Republicans are making government big – with a capital ‘B’ – when they make it hard to comply and then punish you for not telling them you’re dead . . . so they can blame the Social Security administration – they’re in charge of – for having 150-year-old people in its database.
Musk isn’t about streamlining anything. This shit only causes problems. Problems only Bonespurs can fix? Yeah. Right.
Fix it by not starting it in the first place.
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I think P/E ratios for GM and Ford are in single digits.
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I’ve told my wife not to look at ours at the moment. It is going to be dreadful. Hold for the long term I guess.
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Many of us will be drinking heavily, I’m sure.
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Liberation Day my ass.
DonOLD Drumpf is still sitting in the Oval Office, (unless he’s flying south to cheat at his Florida golf course).
It ain’t Liberation Day until that motherfucker is lying in state somewhere.
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She is still 0 on the Concerned-0-Meter.
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I don’t want to hear about it when my wife opens the next email statement on our IRAs, etc. I’m not even looking at that stuff…it’s too depressing.
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The P/E ratio is the share price divided by (estimated or current) earnings-per-share. If the share price is cut in half, the P/E ratio is cut in half if earnings are are constant.
In this case, the share price is falling and the earnings estimates should be falling too, based on sales figures. But the share price isn’t falling nearly as fast as the earnings estimates, and so the P/E ratio is going up.
This is further evidence that Tesla stock is grossly over-priced. There should be a big correction coming on Tesla share prices and market capitalization.
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Values to two significant figures. I’ve giving forward P/Es, which are based on earnings forecasts. Tesla’s forward P/Es aren’t available which means that either Tesla is not providing earnings forecasts or no one believes their forecasts.
Ford forward P/E is 6.8
GM forward P/E is 4.1
Stellantis forward P/E is 4.6
Tesla forward P/E is unavailable, current P/E is about 130.
Conclusion: based on recent sales trends and P/E ratios, Tesla is grossly overvalued relative to other domestic auto manufacturers.
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The Vandals continue their march through the city. Kill every living thing, destroy every structure, both physical and cultural.
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[Clipped from Digby’s Hullabaloo]
How is this not impersonating a police officer?
She’s not a US Marshal.
And whatever she might be, she’s currently a nominee.
More spacey than space cadet.
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Congress sets tariffs, not the president. They can fight Trump on this if they want or delegate as they seem to be willing to do. They might want to fight, as current estimates now see an 11% drop in GDP over the next two years. That’s Brexit level stupid without a referendum. Also, the impact only hits 13% of global trade, so this is an American own goal for a few billionaire cowards.
Scott Bessent: Well, they’ve all reached out, but it’s going to be up to President Trump to see what he wants to do. I-I think the mindset might be to let things settle for a while. And their tariffs or non-tariff barriers have been on a long time. So we’ll see where it goes from here.
Republicans can’t plead stupidity on this. Economic Nationalism is not an economic theory, ask any Tory that got on Boris’ Leave bus.
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Donald Trump Puts Tariffs on Islands Inhabited Only by Penguins
BUT NOT ON
- Trump’s tariffs list is missing one big country: Russia (That is SO revealing! Belarus, Cuba and North Korea also are not on the list. Why not?)
Ukraine war briefing: No Trump tariff on Russia as his officials host Putin investment tsar | Ukraine | The Guardian
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FYI
The Mystery Buyer of That $23 Million DC Mansion? Mark Zuckerberg. - POLITICO
Exclusive | Meta CEO Mark Zuckerberg Lobbies Trump to Avoid Antitrust Trial - WSJ
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Will Malignant Stupidity Kill the World Economy?
The tariffs Trump announced were higher than almost anyone expected. This is a much bigger shock to the economy than the infamous Smoot-Hawley tariff of 1930, especially when you bear in mind that international trade is about three times as important now as it was then.
The size of the tariffs, however, wasn’t the only shocking thing about the Rose Garden announcement. Arguably what we learned about how the Trump team arrived at those tariff rates — the sheer malignant stupidity of the whole thing — was even worse
So what do we know about how the Trumpists arrived at their tariff plan? Trump claimed that the tariff rates imposed on different countries reflected their policies, but James Surowiecki soon noted that the tariffs applied to each country appeared to be derived from a crude formula based on the U.S. trade deficit with that country. Trump officials denied this, while at the same time the Office of the U.S. Trade Representative released a note confirming Surowiecki’s guess. Here’s their explanation:
Who makes policy this way? The key point is that Trump isn’t really trying to accomplish economic goals. This should all be seen as a dominance display, intended to shock and awe people and make them grovel, rather than policy in the normal sense.
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Sure
Treasury Secretary urges other countries to ‘take a deep breath’ and not retaliate
In an interview with CNN’s Kaitlan Collins, US Treasury Secretary Scott Bessent urged other countries not to issue retaliatory tariffs against the US following Trump’s tariff announcement. See less
‘Sit Back, Take It’: Trump Treasury Secretary Warns Tariffed Countries Not To Retaliate
Didn’t someone say the same thing about sexual assault? Just lie down and enjoy it?
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