Dalal.Holdings

Well I'll be damed it does I still think taking on Starlink with 290 satellites is a total waste

The very smart people over at the EU thought they needed a viable alternative to GPS system, so they built $10B Galileo system which took over 20 years… https://www.nytimes.com/2019/07/16/world/europe/galileo-outage.html After all the spending and time/resources spent on this project, does anyone use it instead of GPS? Even the Soviets were able to cut through their bureaucracy and achieve great things in space. The EU though? EU gonna EU

https://www.nytimes.com/2024/12/17/opinion/germany-scholz-government-election.html

A big IF on whether Europe’s $11B project even amounts to anything. Probably ends up like CA high-speed rail.

Who wants to take bets on whether this will ever come close to being a viable alternative to Starlink vs just a waste of $11B? Europe is focused on the wrong priorities

I Lol’d at writing that, but Canada has all the problems of Europe—uncontrolled immigration/open borders, migrants who don’t assimilate well, leftist virtue signaling from the top, wokeism galore, environmental nutjobs in power, windfall profit taxes on energy sector, debanking truckers/censorship of conservatives and anti-free speech policies, poor tech innovation and not enough startups/unicorns, not enough defense spending, poor GDP growth, poor productivity growth, etc Sounds like the prospect of a Trump Presidency is forcing them to get their act together—just like Europe! Remind me whose picture is on Canadian money?

https://www.ft.com/content/39d8e496-ddd2-486d-9306-da699687ee9a Merz sounds like a fiscal hawk pro-austerity guy (not Keynesian). The German constitution also limits annual structural deficits to 0.35%. Not reassuring for Deutschland. Why is Germany so stingy with fiscal spending?

https://www.ft.com/content/06a51169-79f5-42b4-8117-4a483b8efe24 It really is amazing, all it took was for Trump to be elected (not even take office yet), and these garbage governments are collapsing left and right across Europe (I consider Canada part of Europe now given it has similar levels and kinds of dysfunction).

Liberal politicians can't help but push the "write checks to citizens" button... https://www.governor.ny.gov/news/money-your-pockets-governor-hochul-proposes-sending-86-million-new-yorkers-inflation-refund I hope they lose.

It looks like Europe isn't the only place Trump is catalyzing into common sense...lol... https://www.bloomberg.com/news/articles/2024-12-16/canadian-finance-minister-freeland-resigns-from-cabinet?srnd=homepage-americas Canada's government as clownish as the European ones. Good for the finance minister on choosing not to have any further part in this charade

Yep. Back surgery went well based on his reddit posts and his pain much better. His wealthy family even apparently owns some nursing homes in MD that are poorly rated--wonder why Luigi or the populists against the healthcare system haven't looked into that... But again, the mind of someone who likely developed a psychotic disorder is not a rational one https://nypost.com/2024/12/13/us-news/luigi-mangiones-family-operated-nursing-home-empire-that-was-cited-for-abuse-and-health-violations/

https://www.ft.com/content/f0b621a1-54f2-49fc-acc1-a660e9131740 If only if environmentalist lobby that has taken control of Germany could have foreseen the obvious consequences of eliminating base-load nuclear power. Now Europe will have to learn the hard way. Unlike the EU, Norway has been very smart in its development of energy sources...

It’s amazing that up until recently that Europeans couldn’t acknowledge anything wrong about the path they were on. And yet the Ursula’s and Lagarde’s are still in charge of the mess they created

I guess I detected sarcasm where there was none. The thesis folks had was when the majors acquire the small shale players (like Exxon and Pioneer), they would show more restraint and rationalize production so that the U.S. supply boom that has driven prices down would end. Looks like Exxon is not going down that route…

Lol...