Jordi Visser

We don't have a raging GDP in commercial real estate.

We don't have a raging economy in autos.

Those three things is what drove the economy back then.

You could not have an economy growing like it is now without those three working back then.

They're not working.

And that's why consumer confidence is sitting at all-time lows, at least on you, Mish, while the stock market's at all-time highs.

Rigged.

So when you started this and you said, am I dumb?

I-

You're like, yes.

You're like, yes, not because you bought Tesla, but yes, in general.

Well, I was thinking, I'm like, is it because he bought Tesla or he put it on X to let everyone know, you were just looking for some attention and getting some people to just send some stuff off.

But okay, what do you think?

So again, this is another one of these companies that is part of the Mag7.

So I think all of the MAG7 stocks, let's go through this separately, as a group are going to have trouble relative to the S&P.

And the reason is they're the ones spending the money on energy, spending the money on silver, spending the money on cooling systems, spending all of the people getting that money are going to win.

I don't think they're going to get the revenues for the reason that Microsoft has RPOs, which basically means they now have a liability that is stretching far.

And unless they can increase the capacity and Elon Musk is telling me the data center is going to be harder to build out.

You're not going to be able to monetize that.

Like I can see where this is an issue.