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Allen Hingston's avatar

2023 is the year of victory in Ukraine and accountability in America. Give 'em hell, Harry!

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FERN MCBRIDE (NYC)'s avatar

TC's WHAT? 'I’m going to go out on a limb and predict that 2023 is going to be the year the balance tipped.' Anyone else have a limb to spare?

Now for TC, investors in Telsa and Bitcoin and for cat lovers everywhere, here goes (from excerpts):

‘If you’re one of those people who bought Bitcoin or another cryptocurrency near its peak last fall, you’ve lost a lot of money. Is it any consolation to know that you would have lost a similar amount if you had bought Tesla stock instead?’

‘OK, probably not. Still, Tesla stock’s plunge is an opportunity to talk about what makes businesses successful in the information age. And in the end, Tesla and Bitcoin may have more in common than you think.’

‘It’s natural to attribute Tesla’s recent decline — which is, to be sure, part of a general fall in tech stocks, but an exceptionally steep example — to Elon Musk’s purchase of Twitter and the reputational self-immolation that followed. Indeed, given what we’ve seen of Musk’s behavior, I wouldn’t trust him to feed my CAT, let alone run a major corporation. Furthermore, Tesla sales have surely depended at least in part on the perception that Musk himself is a cool guy. Who, aside from MAGA types who probably wouldn’t have bought Teslas anyway, sees him that way now?’

….I guess we’ll eventually see what happens. But I definitely won’t trust Elon Musk with my CAT.

(Did the Tesla Story Ever Make Sense?)

___Opinion by Paul Krugman, NYTimes. See link below, (sorry, gifting not possible).

https://www.nytimes.com/2022/12/27/opinion/tesla-stock-elon-musk.html?searchResultPosition=2

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