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The good news is that the S&P 500 held the line on the rules. They're by far the big dog compared to the other indexes

The Paul Krugman Substack comments section is a wild world. Those boomers be poasting ANYTHING down there

Aside from the column, is this not the most disgusting, repellent, obnoxious and depressing photo of all time?

Welcome to crypto

Ponzi? Elon Musk - destroyed Twitter then didn't have enough money for employees so he used employees on Tesla payroll to run Twittter/X Wanted to build 300K Tesla Cybertrucks a year, BoD scaled back to 200k Have only sold 63k in 3 years 20% of recent sales are to other Musk companies

bsky.app/profile/aozo...

How much of Elon's supposed bat wealth is actually something that can be reasonably converted into actual cash, or is it still almost entirely driven by the hype-driven pricing of stock in his scam-level companies

It's called the stock market

Yeah a 700% losses on the p/ L is pretty amazing he had to get Google to bail him out.. I bet polymarket and kalshi are going insane right now..

these guys are all in the same group chats

This is priceless He has blathered so many bs statements that too many have been forgotten

He's a carnival barker. Kind of like Trump though Musk is more of a mediocre asshole than a moron.

This one is my favorite www.theguardian.com/technology/2...

The IPO is premised partly on the assumption that retail investors will buy in, not because they have made any rational assessment of SpaceX as a business, but because they believe that they are buying stakes in Elon Musk’s genius.😂

The Market Can Remain Irrational Longer Than You Can Remain Solvent Ancient adage attributed to John Maynard Keynes among others.

Is blackmail another word for leverage? The guy was very specific when he went into government and eliminated very specific jobs

No doubt. I don't even know what I want to have happen here. Obviously, the SpaceX IPO is a scam and even if the company manages to become successful, the shares on offer now will be diluted into nothingness. But the entire global economy is floating on a sea of investor optimism.

They’re also still in complete denial about what the war with Iran means for global supply chains. And still pretending AI is going to be some kind of economic miracle despite mounting evidence to the contrary

The NASDAQ has sold out investors by changing its investment methodology just to suit the interests of Musk, Altman, et al. Money-losing AI stocks will be rammed into NASDAQ index funds. Get out of NASDAQ funds and invest in S&P funds, where you will be protected! www.nasdaq.com/newsroom/nas...

I'd also add to that description Doctorow's term "bezzle"...

... there seems to always be a "next act" for these clowns !

This💯

But Ryan, there's always new investors.

Don’t Ponzi schemes always end up collapsing at some point? In the case of the actual Ponzi it was with his death

Soccer United Marketing shareholders punching air rn

he hates Leakers

Correct

We're all going to get left holding the bag and they'll manage to blame it on us. Just like 2008.

How can it be a ponzi scheme when someone has to sell so you can buy? There is a fixed number of shares in circulation.

Trump's court jester

People keep working for him and buying his products, just like those supporting Trump. WE enable these morons to get to these levels. Until we start making different decisions on where we spend our time and where we put in our labor, the cycle will continue.

Elon is going Enron.