Matthew Yglesias

@mattyglesias ↗

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Last Checked Dec. 24, 2022

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Wed Dec 21 01:51:58 +0000 2022

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Matthew Yglesias @mattyglesias

Tesla specifically is hurt because it trades at a high multiple of its present-day profits — the idea is that *in the future* it will be a larger and larger share of the auto industry. Powell is changing the value of the future relative to the present. https://t.co/VSUCWzF2q4 — PolitiTweet.org

Posted Dec. 21, 2022

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Matthew Yglesias @mattyglesias

This is overstating the specific role of savings accounts, but Musk is broadly correct in describing how monetary policy changes time-preference and risk-tolerance in a way that hurts speculative stocks. https://t.co/VSUCWznryw https://t.co/NfsfzAO4DI — PolitiTweet.org

Posted Dec. 21, 2022

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Matthew Yglesias @mattyglesias

Perhaps we’ll all end up like the handful of Upper East Side elevator operators that fancy buildings still employ as an affectation — “we’re so rich we can employ elevator operators for no reason.” — PolitiTweet.org

Just one of the 270 jobs in the 1950 census has been eliminated by automation... elevator operator. Other jobs tha… https://t.co/Ob3GCbwIGs

Posted Dec. 21, 2022