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 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
Electricity Prices
Electric Vehicles
- California Switch to electric vehicles by 2030.
- 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.
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