@nikepanther.bsky.social
Reposted
Made a mistake on the interest payment numbers. I took short term debt that needs to be refinanced and incorrectly extrapolated. So the interest savings won't be as significant as I stated.
Their bet is that if rates fall to 1%, mortgages get cheap, businesses borrow cheap , but more importantly for Elon and his boys, it's easy to raise capital. It's easy for PE to find capital to buy their businesses. Stocks go up. Business valuations go up. It's UBI for asset owners.
March 15, 2025 at 1:32 AM
Made a mistake on the interest payment numbers. I took short term debt that needs to be refinanced and incorrectly extrapolated. So the interest savings won't be as significant as I stated.