Markets, Tariffs, Panic, Tesla, Robots, Xai

OpeningHappy b-day to wife and her mom! Tiger Dating Vanessa. Cialis. 2.5mg per day for longevity from Bryon Trump, Kid Rock, Dana White and Bill Maher have dinner. MarketsFull Correction Territory (down 10%); quickly moving to “Bear” down 15%. S&P 17%, Tech 25%+Apple in huge correction. PE still at 30Netflix at 43. TariffsNo income tax in the US income tax until 1913. Tariff rates: The U.S. charged less than most big players—think 2-5% versus 5-15% from others.Trade Deficit 2024 was $918.4 billion.Total US spending deficit: $1.8 trillion in 2024 per FRED. Spend $6t and take in $4t. Total US Debt. $36 trillion.Interest expense is $1t growingRay Dalio on the significance and problem of debt.Antonio Gracias on SS and Medicaid Fraud. NetflixAdolescenceSpaceX turns out it was harrowing story simply docking the Starliner. X & XaiElon announcement hereCNBC interview with Rich Greenfield. . WSJ Article here. RoboticsNew Figure Video released.Tesla now taking deliveries for Optimus. Official post from Tesla that autonomous robotaxi starting in Austin in JuneTeslaTesla worst delivery numbers in years. Norway registered more cars in March that ever.Made in the USAKey Elements of RICO ChargesGovernment inefficiencyFix Regulation and be more efficientHere is video of Ezra Klein discussing with Jon Stewart why $44b of broadband connected zero homes in 4 years. Social Security:Antonio Gracias:!  SS fake #’s and spendingsWho is screaming the loudest. The Fraudsters.  Video from Jason C. https://x.com/Jason/status/1906730493216780699 DogeGoal is to reduce spending by $1b or 15%.  Entire Doge Interview with Brett Baier.  Survey at 1:10. $1b. $830m online survey.  1700 different IT systems. 17 CIO’s. Social Security Fraud.