EPISODE · Aug 26, 2022 · 29 MIN
Markets, Student Loans, Electric cars, TSLA
from Breakaway - Investing & Finance
The MarketsDown 13% YtD. I don’t think we’ll see new highs until 2024. Just gonna bounce around.The Fed. Jerome Powell: “Restoring price stability will likely require maintaining a restrictive policy stance for some time,” Student loan debt reliefThe president’s plan cancels $10,000 in federal student-loan debt for borrowers making under $125,000 a year or couples making less than $250,000 a year. Ultimately, the average cost of tuition has increased more than 144% since 2001 on average, even after accounting for inflation.It's not “fair”. Nothing is though! The bigger issue is it doesn’t fix the underlying issue. Let markets drive supply/demand. Literature/history major. Optometrist example. Need to fix underlying issue: University costs are rising faster than cost of living and fueled by college administrators that are incentivized to encourage students to borrow. We should used a market-based approach to student lending. Universities should be on the line. Should approve. Market based. Grades and Major. Some states are going to levy taxes on forgiven debt. https://lendedu.com/blog/student-loan-debt-by-school-by-state/Novak Dkokovic Not competing in US open because he’s not vaccinated. So many people are getting Covid, including the CEO of Pfizer. Electricity Prices20 million households across the country—about 1 in 6 American homes—have fallen behind on their utility bills.Electric VehiclesCalifornia Switch to electric vehicles by 2030. 17 states generally follow. Tesla Stock split. 900 to 300.Tesla 10.69.2 set to release in a couple of weeks. “Wide Beta” version. FSD price increased to $15k. Very bullish. Investment grade rating. Record Q3 and Q4 deliveries and profits. Semi release in Q4 and CyberTruck in 2023. Continued ramping of factories and likely announcement of new Giga.Macro-level: Energy prices driving Solar consumption. Tesla Virtual Power Plant program. RecommendationsHouse of the Dragon. Meh. And HBO renewed it. Hand Maids Tail. Rings of Power? $250m for rights. $500m to make. Rory and Tiger
What this episode covers
The Markets Down 13% YtD. I don’t think we’ll see new highs until 2024. Just gonna bounce around. The Fed. Jerome Powell: “Restoring price stability will likely require maintaining a restrictive policy stance for some time,” Student loan debt relief The president’s plan cancels $10,000 in federal student-loan debt for borrowers making under $125,000 a year or couples making less than $250,000 a year. Ultimately, the average cost of tuition has increased more than 14...
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Markets, Student Loans, Electric cars, TSLA
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