"In a Monday interview with Fox News’s Larry Kudlow, Sen. Tommy Tuberville (R-Ala.) suggested the stock market’s recent nosedive was reasonable, even justifiable, because things had simply gotten too lucrative.

I asked Tuberville to elaborate on his statement that the market was 'over-bloated.'”

~ Joe Perticone

#Musk #Trump #economy #StockMarket #stagflation #recession
/2

“'It’d gone way up, you know, probably over-priced,' he said. 'In a short period of time it had really gone up, and so it probably reset itself a little bit.'

Asked whether the market could get back to the same level, Tuberville said, 'No doubt.'

I noted that the consensus has been that the market dive was a direct result of Trump’s tariffs and the economic instability they bring."

#Musk #Trump #economy #StockMarket #stagflation #recession
/3

"Tuberville said that more tariffs coming at the start of next month would right the ship. (He did not make clear how exactly this righting would be achieved.)

'They don’t last forever, I mean,' Tuberville added. 'The reciprocals are gonna be, what, April 2nd? So it’ll be good. Bye, bye, bye.'

For what it’s worth, I checked the handy Autopilot app3 to see how Tuberville’s portfolio is performing over the past three months. He was down 6.9 percent as of Monday."

#Musk #Trump #StockMarket
/4

"On the Monday edition of his program, Fox News host Sean Hannity announced that as a gesture of devotion to Elon Musk, he is buying a Tesla. …

Then Tuesday morning, Donald Trump announced that he too will buy a Tesla, and expressed his belief that it should be illegal for anyone not to buy one."

#Musk #Trump #economy #StockMarket #stagflation #recession #Tesla
/5

paulwaldman.substack.com/p/the…

The War on Tesla Is Good for America

Begun, this new culture war has.

^{Paul Waldman (The Cross Section)}