Chinese cars are so far ahead of the rest of the world and most people have no idea it even happened. People take time to update their mental models of the world but it will happen. In July we flew via Kuala Lumpur. They had a special service of BMW i7s to transfer between terminals which we took. It was nice. But I’ve since seen 10 cars in #Vietnam that were nicer, all from China (Vietnamese cars aren’t there yet). It takes time for preferences to change but Germany is already dead, as is the rest of Europe bar supercars, and the US won’t be far behind. Japan might survive with Toyota, Worst Korea is 50/50. China is going to eat all their lunches unless protectionism makes the biggest comeback of all time and even then, you’ll likely pay more to get the Chinese car if you can and are shopping for bang-for-buck because they’re just miles ahead of Western car tech. View quoted note →

When did Communism stop being about “the working class” and instead become solely the domain of “the sit on their arse class” who want everyone else’s productivity redistributed to them for being good little online commie evangelists? It’s too ironic to believe.

The “Mag 7” make up so much of the US stock market, which makes up so much of the US “economy” and people’s wealth and pensions, that a backstop at minimum just to keep the skids greased for funding is quite possible IMHO. But once there’s a backstop in place, expect the circular dealing and other shenanigans to ramp massively and blow up the bubble - would be the perfect catalyst to bust this cycle. View quoted note →