@KobeissiLetter Venezuela has the world's largest oil reserves, massive gold deposits, among the hemisphere's biggest iron ore deposits, vital bauxite, nickel, rare earth minerals, coltan for EV, ample natural gas. The country is the ultimate strategic prize in the new Cold War in 2026 & beyond.

gold is overvalued right now

Hey, @OpenAI , I think you ought to know: GPT-5 is not very good.

POWELL: I WAS GOING TO CUT BUT TRUMP CALLED ME STUPID SO I DIDN’T DO SHIT.

If the market keeps falling, it'll be the crash absolutely everyone saw coming.

Yesterday I began playing Investopedia's trading simulator to prove a point about passive investing versus active trading... But one day in, after making 0.02%, I'm already doing better than 68% of traders... Proving for the millionth time that most people just shouldn't trade.

(Update) It already looks like tariffs have been delayed a month again. If it's one thing markets love, it's this "will he or won't he" uncertainty!

So what to do? - Buy electronics now while they're cheap. - Invest in safe, dividend paying stocks. (Healthcare and Utilities might be worth looking into.) - Consider picking up some of your inflation hedge of choice (I like gold & silver, but you do you!)

These tariffs resemble what happened in 2018, when the market had a particularly bad year. Those tariffs cost U.S. consumers $40 billion in higher prices and reduced U.S. GDP growth by 0.3% annually. If 2025 resembles 2018... we're in for a bumpy ride.

Tech giants like Apple, Tesla, and Nvidia rely heavily on Chinese manufacturing and supplies. Analysts warn of $150 billion in global supply chain disruptions. Since the S&P 500 is so tech heavy, a selloff in these stocks means index investors will take a hit.

That plus a retreat to safety spurred the US dollar index to surge to a 20-year high. The Chinese yuan slumped 1.8% against the dollar, its steepest drop since 2022. A more expensive dollar means other countries will have trouble buying American products. Bad for stocks!

Bloomberg Economics estimates tariffs will cause gross domestic product (GDP) to drop by 1.2% and inflation (core PCE) to rise by 0.7%. Goldman Sachs estimates tariffs could add 0.8% to U.S. inflation by late 2025. More inflation? Don't expect another rate cut anytime soon...

Over the weekend, Trump levied tariffs against Canada, Mexico and China which will affect 43% of U.S. imports, approximately 5% of GDP. Trump told Americans to brace for "some pain." So what "pain" should we expect? A thread...

Case in point:

But! The company's price has a history of dipping a LOT. The next dip? Who knows. Might be a good opportunity if the valuations start making sense.

All that said, I WANT Tesla to do amazingly well. I don't have a political axe to grind: The Model S is literally my dream car. I'm a firm believer in the company's mission. The valuations just don't make sense, though, and I couldn't recommend it except as a pure speculation.

Investing is all about balancing risk and reward. I see lots of risks, not a lot of rewards for the foreseeable future. (I'm sure this stock is fun for people to trade, though.)

- Pricing is messed up. Spoke to wealthy Tesla owners who agree that many of the subscription features just aren't worth it at current prices. - I literally live near several Cybertruck owners and I can see them starting to rust! Cool car, sloppy workmanship!

- 26% of its Q4 profits came from the rise of cryptocurrencies. - Tesla sources a lot of its battery supplies in countries about to get slapped with tariffs. - Tesla benefits from loads of subsidies and tax credits... and that gravy train looks like it's ending.

Was asked why I don't recommend Tesla in any of my reports. Oversimplistically: - Revenue sideways for 2+ years (where's the growth going to come from?), EBIT down. - How is it going to compete with cheap Chinese EVs? Literally every other automaker building EVs? (cont.)