#54 – Austin, Markets, Housing, Elon/SpaceX, Elon/Twitter!
Austin Texas bachelor party. I love that town.
Dr. Emperor of masks and vaccs Fauci has Covid; and he’s been vaccinated 4 times.
Chesa Boudin the progressive DA of the most progressive city was recalled. Are people actually getting tired of crime?
- S&P down 23% and Nasdaq 100 down 30%.
- Fed just raised 0.75% this week. First time since 1994. Now we’re at 1.75%.
- Inflation. Gas. War. 8.6% 100% up for gas. News flash: interest rate hikes don’t drive gas prices down.
Credit card companies make a lot more money when gas prices double. Their revenue doubles. Buy Visa and Mastercard?
- In Jan 2021 30 yr mortgage rate was 2.65%. Avg home price $402k.
- Today. 5.78% and $570k.
- 20% down payment. Monthly payment is $1,294 to $2,671. 106% increase.
- Rates are 3% higher. So $500k loan. $15k/year or $1,250/mo.
I personally just saw more houses for sale on Zillow in my neighborhood, more than ever.
USA Today removes 23 articles after a reporter fabricated sources. USA today is allegedly a “fact checker” for Facebook and possibly Twitter. Musk at Twitter All-hands.
SpaceX fires employees. No woke ass bullshit!!
NYT reporting on letter. Brian Armstrong
“The letter, solicitations and general process made employees feel uncomfortable, intimidated and bullied, and/or angry because the letter pressured them to sign onto something that did not reflect their views,” Ms. Shotwell wrote. “We have too much critical work to accomplish and no need for this kind of overreaching activism.”
- So casual. Looks like he is on iPhone and some dude walking around in kitchen in background. 200m daily users. 7.8b Gap. 8b in world. Wants 1b at least.
- How to verify. $3/month.
- Entertaining advertising.
- Video: Talk about how to make Twitter better! https://www.youtube.com/watch?v=FLvTcRrzy20
- Video 2: How do you define success.
Netflix take some lessons! TikTok!!
Electrician and immigration. 3 strategies:
- Lower labor.
- AND Strong borders.
Tesla stuck in the mountains. https://twitter.com/ShowersJacob/status/1537556676558979072