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State collapse is inevitable when a society’s leaders are insulated from the negative consequences of their bad decisions.

Mike Shelby

Reality Check

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David DeGerolamo

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David DeGerolamo

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5 responses to “Reality Check”

  1. Steady Steve Avatar
    Steady Steve

    Another Wall Street scam to fleece the normies.

  2. Big Ruckus D Avatar
    Big Ruckus D

    Exactly the sort of inversion we saw with the valuation of Tesla versus other actual long established automakers (even with taking their myriad problems into account). What a (bad) joke. But, something had to rescue this scam of a market from the rapidly deflating AI bubble. Spacex was right there to pick up the slack, it seems.

  3. Dan Avatar
    Dan

    The “market” has very little in common with the actual economy that the average American works in and with…and has not for many years.

  4. Ricky Bobby Avatar
    Ricky Bobby

    “I think that, every time you see the word EBITDA, you should substitute the words “bullshit earnings.” ― Charles T. Munger

  5. M Avatar
    M

    SpaceX is funded by a 2025 NASA contract and Starlink – Not $1 trillion valuation by any measure.