• 3 Posts
  • 16 Comments
Joined 6 months ago
cake
Cake day: September 9th, 2025

help-circle

  • I mean, he definitely did it. We all remember the breathless coverage of his 2am ketamine tweets to manipulate the market:

    Musk’s May 13 tweet — “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users” — was “false because the buyout was not, in fact, ‘temporarily on hold,’” the lawsuit says. That’s because Twitter did not agree to put the deal on hold, and there was nothing in the merger agreement the two parties signed that allowed Musk to put it on hold, according to the lawsuit.

    I wonder if he has enough clout left with the Trump admin to weasel out of this one, like he did with the Tesla deal.


  • Also somewhat reassuring:

    Higher margins increase retained earnings and investment capacity. If output rises and real GDP increases then by national income accounting identity something must be rising on the demand side: Consumption, investment, government spending, or net exports must be increasing (more here). A scenario in which productivity surges but aggregate demand collapses while measured output rises violates accounting identities.