Look, I’m rooting for Tesla, a tiny auto maker shaking up the giants, with its global market share of 0.5% and $862-million loss in 2019. But Tesla gets to have supernatural shares that can go anywhere at will.
What’s so insidious about the Fed’s bailouts of investors in hedge funds, mortgage-REITS, stocks, bonds, leveraged loans, and other often risky assets? The destruction of capitalism.
The 20 industries with biggest job losses & the 20 with biggest gains. The unemployment rate would have been 16% if people had responded correctly, said the BLS; that would be 25.3 million unemployed. Abysmal.