saxitoxin wrote:... that will only take one strong breeze to collapse.
Dark days are ahead.
The $100 million deli ---
“Someone pointed us to Hometown International (HWIN), which owns a single deli in rural New Jersey ... HWIN reached a market cap of $113 million on February 8. The largest shareholder is also the CEO/CFO/Treasurer and a Director, who also happens to be the wrestling coach of the high school next door to the deli,” Einhorn said in a letter to clients published Thursday.
https://www.cnbc.com/2021/04/15/theres- ... arket.html
I am not sure how this illustrates Saxi's main point, that the Biden economy will "collapse" like a house of card. A local monopoly does not model the US Economy. Maybe it does for a nation that depends heavily on one commodity, e.g., bananas ("A Banana Republic") or coffee or tin. The US Economy is very diverse.
Now I will predict that IF the US Economy goes into a decline of some sort, NOT even a Recession, that Saxi will claim this prediction is right and that he is such a good predictor and so knowledgeable. THEN perhaps Saxi will cite a good example, maybe some actual relevant data. I will not hold my breath for a cogent argument; that is not Saxi's nature. Instead, it is his nature to bellow of sound and fury.
Sure the economy will take a down turn at some point, and perhaps soon. The questions are 1) when will it start, and 2) When will we know OFFICIALLY. The more important questions are, 3) How bad is it?; and 4) How long will it last?