Markets, Trump, IRS Agents, Tesla, Streaming Wars episode artwork

EPISODE · Aug 14, 2022 · 30 MIN

Markets, Trump, IRS Agents, Tesla, Streaming Wars

from Breakaway - Investing & Finance · host Sean Hathaway

Markets Yes, We’re in a recession, but White House attempting to change the definition after …centuries…forever? Recession is 2 quarters of negative GDP. Inflation at 8.5%. US stocks down 24% and Tech down 31% on June 17. Now: 12% and 18%, respectively. PoliticsNancy Pelosi visits Taiwan. Prompts drills and missile tests by China. Do we really need this right now? Is that a good idea? Does it advance American interests? Since 1979 and under many administrations - left and right - we’ve maintained a policy of “Strategic Ambiguity”.Raid on Trump’s Mar a Lago. Could be Nuke materials…in that case…kind of serious. Why not just make photo-copies. Or take pics on iPhone. So easy!? Could there be a master plan. I thought the locker room talk would lock him out of the presidency.  IRS70000 new agents. Requirements: 37 yrs old requirement. Adhere to the highest standards of conduct especially meeting honesty and integrity.Work a minimum of 50 hours per week which may include irregular hours and be on call 24/7 including holidays and weekends. Maintain a level of Fitness necessary to effectively respond to life-threatening situations on the job.Carry a firearm and be willing to use deadly force if necessary.Be willing and able to participate in arrest and execution of search warrants and other dangerous assignments.IRS Math: Elon on National Debt: “US national debt is ~$28,900 billion or ~$229k per taxpayer.Even taxing all “billionaires” at 100% would only make a small dent in that number, so obviously the rest must come from the general public. This is basic math.Spending is the real problem.”Tesla Elon Tweets Reminds us of Master Plan part deux.  Written July 2016. Everything came around. Master plan 3 coming. Semi Truck. Cybertruck. New and expanded facilities. Machine of Machines. Jim Farley: https://twitter.com/_Tesla247_/status/1557472545695322112. Take that Elon Musk!  What? Dan Odowd and FSD running over children!! Sex Tapes. Sticky situation. Elon 18 years. And running 3 others:  Including SpaceX, which landed first rocket in 2015 no one has done so since.  Streaming Wars: https://www.wsj.com/articles/disney-price-increase-shows-limits-of-subscriber-growth-push-11660256118?mod=hp_lead_pos3https://twitter.com/RichLightShed/status/1557480645705830402Subscriber #’s at Disney 2x and 3x counted. 3 types: Pure Streaming: Netflix, Amazon, Apple.Mix: Paramount, WBD, Peacock, DisneyArms Dealer: Sony. Recommendations: Obstacle is the way. Ryan Holiday. Happiness corresponds to how much you think about yourself vs. others! Terminal List. Chris PrattOld Man w/ Jeff Bridges

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Markets Yes, We’re in a recession, but White House attempting to change the definition after …centuries…forever? Recession is 2 quarters of negative GDP. Inflation at 8.5%. US stocks down 24% and Tech down 31% on June 17. Now: 12% and 18%, respectively. Politics Nancy Pelosi visits Taiwan. Prompts drills and missile tests by China. Do we really need this right now? Is that a good idea? Does it advance American interests? Since 1979 and under many administrations - left a...

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