35 Comments
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Rudy Havenstein's avatar

"2022 Kelley Blue Book data suggests that the average electric car costs $62,876.

The average price of an EV is about $15,000 more than the auto industry average, which comes to $46,404"

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Toast's avatar

Only a vampire would deny they have no problem to sleep at night !!!

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peer pedersen's avatar

Rudy you keep killing it. I was of the opinion several years ago that we had reach a major high in stupidity, hubris, out of touchness (made that one up), and down right evilness. But guess what? I was wrong because the powers that be continue to double, triple down on all of the above. Higher highs are coming our way until the system implodes.

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Rudy Havenstein's avatar

I tweeted in I think 2018 that we were in the most insane period in markets, ever, and I think I was right at the time - we just got much, much more insane afterwards.

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Bill Pieper's avatar

My investment portfolio consists entirely of Dutch cheese futures and the gallows construction industry, which I expect to be booming at some point - the only question being who will be the customers.

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Colin Reilly's avatar

I love this substack. Best part of my day is reading through and alternating between laughing and nodding in agreement and then the rage of it all building up. Best

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Andrew's avatar

That Lagarde clip .. smfh

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Rudy Havenstein's avatar

"It will come."

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lighthill's avatar

I see your twitter account has been restored- Congratulations!

Hope you keep the substack though as a daily summary is useful. I went on holiday for 2 weeks and the ability to catch up in one go was nice.

Best thing you wrote on here was "A Very Ordinary Life", you should post it to twitter if they restore your write access.

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Bob's avatar

Great title, Rudy. Bet some British readers spit out their tea. During covid scare when I was harangued for non-compliance, i would ask the person when was the last time the government told you the truth? I would suggest 1961 when Eisenhower warned us so rightly about the deep state. JFK was about to tell us the truth and it cost him (and us) dearly. That's the last time. So I'm with George Carlin --never believe a word coming from the government. Thanks for the excellent writing.

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Very 0wn's avatar

In guillotines we trust.

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BatCatHunter's avatar

I’m waiting to build my CryptoDickButt NFT portfolio when prices hit 0.420 ETH.

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The Rational Walk's avatar

Nick Timiraos, who I have nicknamed the "Jay Whisperer" is now floating 100bp for July.

https://twitter.com/NickTimiraos/status/1547313346696847364

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Rudy Havenstein's avatar

He was right last time. He's the new Hilsenrath.

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John McCullough's avatar

Love the upside of hurricanes comment, a quintessential example of the broken-glass fallacy. Some classic examples of poorly thought opinions. The latest Progressive wave is completely out of touch with reality

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Jimbob's avatar

A wankocracy of dunces.

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Mike's avatar

Either Justin Wolfers has been sniffing his modeling glue…or he’s just that ignorant

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Rudy Havenstein's avatar

He lives in a fantasy world of models, where the #1 goal of everyone is to be admired by their peers for believing in the same nonsense.

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Mike's avatar

Just looking at the Fed Funds rate chart over the past 30 years will tell you they haven’t a clue as to what stable prices are.

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Andy Fately's avatar

exactly

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Andy Fately's avatar

like the Babylon Bee, satire this month, prescient next month

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Rudy Havenstein's avatar

And banned from Twitter!

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