Elon gets paid, Apple's AI pop, OpenAI revenue rip, Macro debate & Inside Trump Fundraiser

4069.113 - 4100.919 Tim

I think there are three numbers that matter. The inflation rate, the growth in GDP, and the cost to borrow. The growth in GDP in the first quarter of 2024 was a lousy 1.3% on an annualized basis. And even if the rate of inflation came down, we are still inflating the cost of everything by north of 3%. So the economy is only growing by 1.3%. And it costs more than 3% more each year to buy stuff.