Who are the wealthy in this case? Because if they are wealthy they probably just Uber from their gated/secure location to wherever they are going and avoid the problem if it gets bad enough walking on the streets.
San Francisco has to build but ultimately there is just too much demand. It’ll never again be “cheap” just like Manhattan will never be cheap.
Some people think that we are facing secular stagnation, and the economic growth is slowing down. The avg federal reserve interest rates have been falling at 2% per decade for 5 decades, and signifies less growth in the economy. Sure, this low interest rates have actually fueled the stock market boom as the value of future earnings is high, but the growth is not sustainable. For one, we are going to end up with some stable p/e ratio, and the growth of stock market because of low interest rates will stop. And two, the interest rates will also stop going down as fast, as a rate of say -10% sounds pretty bad in what it means for the economy (negative growth of that magnitude), so people do not think we will have such a situation.
I'd agree that the decline in interest rates (and the asset inflation it fueled) has a limit. However, the actual earnings of publicly traded companies[1] is also increasing! So the predicted bottom off a stable p/e keeps going up.
To be honest, the belief that the market is overvalued is a big part of my motivation for buying individual stocks despite the overwhelming evidence that it's a fool's errand.
US is way more welcoming to family based immigration. US is not welcoming to employment based immigration, and specifically is easier for lower skilled ones than higher skilled ones. To top it off, it prefers countries from smaller countries.
All combined USA isn't as welcoming for higher skilled individuals from India and China vs other developed countries.
Per country limits appear to be designed to stop 'invasion' by migration. If 200 million Indians or Chinese arrived in the US tomorrow it would radically change the culture of the US. India or China may remain largely unchanged, even by such a large outflow of people.
This fear isn't entirely misplaced, IMO, considering the US history with the natives who lived here thousands of years before European migrants arrived.
Does an Indian individual have a right to be treated equally as Icelandic individual, with respect to us immigration system? Because the system is unfairly discriminating against Indian citizens.
It isn’t unfairly discriminating. The quotas are based on population.
And naturally there are going to be a higher number of immigrants from countries that have a bigger disparity in quality of life, career prospects, etc.
From what I have witnessed, it could be made more fair by simply punishing fraud by taking away the number of applications a company can apply for, and by issuing 10 year bans to candidates found to be lying. There is so much lying about credentials and job experience in these situations.
That will reduce the amount of fraudulent applications, making way for more honest (and higher quality) applicants.
Before Tesla launched model 3, targeted at 35k$, there was another EV launched. Chevrolet bolt launched at the same price range, and at a similar range. It didn't have the sleek look of a Tesla, lacked a supercharger network, and didn't have the lies of self driving, the hype machine and status symbol of a Tesla. As a result, it was a failure. When model 3 was actually launched, and much costlier than originally announced for, it was 50% costlier than the bolt. People still bought the model 3 over the bolt.
So, no, financial scrutiny is not why Tesla sells vehicles. It does because of the hype, the status symbol, the better design, and lies of self driving. And these don't really matter for trucks (except stock market rewarding hype, just like Bitcoin mania). So no, Tesla won't dominate the niche of short haul trucks that EV trucks have opened up.
That's in CA though - and at retail pricing. I suspect most customers will have captive chargers and will be running at industrial rates (so even less than $0.1/kwh).
