Sunrun: “ESG” is for Everybody Screws the Government (RUNUS)
Muddy Waters is short Sunrun Inc. (RUN) because we see it as an uneconomic business built on three shaky pillars: The equity story of exaggerated “Subscriber Values” and “Gross / Net Earning Assets”, funding growth through abusing tax incentives …
Oil was a big loser today. The nearby month of the WTI future dropped by 4.7% to $93.9.
Presumably, this was a delayed reaction to the negative GDP print last Friday.
Whether or not the US is in recession is an arcane topic …continue
Things are looking bad for Rishi.
The master of detail and the straight-A student has failed to learn that to get elected you must promise the undeliverable.
Truss, who has on several occasions embraced policies that even Milton Friedman would have approved of, understood …continue
Will we have a recession?
If inflation hits 10%, it seems almost impossible to avoid.
We’d have to increase nominal GDP by more than 10% to avoid real GDP going down,
for two quarters.
The BLS (or some quango in the USA …continue
Markets showed once again how unpredictable they are.
The Fed announced (at 6pm, after markets closed) that it would hike by 75bp.
This was not a surprise.
Powell threw a bone (bucket of hay?) to the bulls by saying that the Fed would adjust its …continue
The dollar has been rising a lot.
It has paused over the last week, but it is still maybe 7% higher than it was a few weeks ago.
This is going to hurt US producers, whether exporters or not.
Finally, equity markets where the …continue