Derek Thompson

Yeah, we'll see if we can get a little tic-tac-toe here. What do you do? What do you do at the federal policy level if you want to build more nuclear power plants? Well, nuclear power is literally the most expensive thing you can build. I believe one person told me that the last nuclear power plant that America built cost 12 times more than the Burj Khalifa, the tallest building in the world.

Yeah, we'll see if we can get a little tic-tac-toe here. What do you do? What do you do at the federal policy level if you want to build more nuclear power plants? Well, nuclear power is literally the most expensive thing you can build. I believe one person told me that the last nuclear power plant that America built cost 12 times more than the Burj Khalifa, the tallest building in the world.

You need billions and billions of dollars to build nuclear power, and the only game in town that is lending that kind of money over the time horizon that's needed to build is the Department of Energy Loan Programs Office, LPO. We're getting a little bit nerdy, but this is important. Okay, no, let's do it.

You need billions and billions of dollars to build nuclear power, and the only game in town that is lending that kind of money over the time horizon that's needed to build is the Department of Energy Loan Programs Office, LPO. We're getting a little bit nerdy, but this is important. Okay, no, let's do it.

You need billions and billions of dollars to build nuclear power, and the only game in town that is lending that kind of money over the time horizon that's needed to build is the Department of Energy Loan Programs Office, LPO. We're getting a little bit nerdy, but this is important. Okay, no, let's do it.

So if you wanted to build nuclear power in this country, the first thing you'd want to do is to supersize the LPO, make sure it was working at absolutely top-notch efficiency. What does Doge, the Trump administration, do? They dismissed 60% of the LPO team. So it's again, the same way that you've Donald Trump saying, we have to reassure advanced American manufacturing.

So if you wanted to build nuclear power in this country, the first thing you'd want to do is to supersize the LPO, make sure it was working at absolutely top-notch efficiency. What does Doge, the Trump administration, do? They dismissed 60% of the LPO team. So it's again, the same way that you've Donald Trump saying, we have to reassure advanced American manufacturing.

So if you wanted to build nuclear power in this country, the first thing you'd want to do is to supersize the LPO, make sure it was working at absolutely top-notch efficiency. What does Doge, the Trump administration, do? They dismissed 60% of the LPO team. So it's again, the same way that you've Donald Trump saying, we have to reassure advanced American manufacturing.

And also by the way, we're taxing baby dolls. You have an administration that's saying we want to build nuclear power. And also we're going to destroy the most important institution for financing nuclear power again. And again, the outcomes are just completely disconnected from the process.

And also by the way, we're taxing baby dolls. You have an administration that's saying we want to build nuclear power. And also we're going to destroy the most important institution for financing nuclear power again. And again, the outcomes are just completely disconnected from the process.

And also by the way, we're taxing baby dolls. You have an administration that's saying we want to build nuclear power. And also we're going to destroy the most important institution for financing nuclear power again. And again, the outcomes are just completely disconnected from the process.

Yeah, I think the first thing to say is, look, things are changing constantly. And so if you have one theory about the economy and you're just grasping it with white knuckles, you're probably not paying attention to what's happening.

Yeah, I think the first thing to say is, look, things are changing constantly. And so if you have one theory about the economy and you're just grasping it with white knuckles, you're probably not paying attention to what's happening.

Yeah, I think the first thing to say is, look, things are changing constantly. And so if you have one theory about the economy and you're just grasping it with white knuckles, you're probably not paying attention to what's happening.

You'll be right eventually. If you grasp for 15 years, maybe the economy will pass through your thesis. So if you look at a couple of things happening, yeah, they don't entirely make a clean amount of sense, right? As you said, the stock market, which I consider a pretty high quality gauge of real-time information, is right back to where it was on April 2nd, right?

You'll be right eventually. If you grasp for 15 years, maybe the economy will pass through your thesis. So if you look at a couple of things happening, yeah, they don't entirely make a clean amount of sense, right? As you said, the stock market, which I consider a pretty high quality gauge of real-time information, is right back to where it was on April 2nd, right?

You'll be right eventually. If you grasp for 15 years, maybe the economy will pass through your thesis. So if you look at a couple of things happening, yeah, they don't entirely make a clean amount of sense, right? As you said, the stock market, which I consider a pretty high quality gauge of real-time information, is right back to where it was on April 2nd, right?

Right back to where it was on Liberation Day, which seems to suggest, just from that indicator, that the market is somewhat shrugging off the effect of tariffs. Now, the market knows a lot, so to speak.

Right back to where it was on Liberation Day, which seems to suggest, just from that indicator, that the market is somewhat shrugging off the effect of tariffs. Now, the market knows a lot, so to speak.

Right back to where it was on Liberation Day, which seems to suggest, just from that indicator, that the market is somewhat shrugging off the effect of tariffs. Now, the market knows a lot, so to speak.