Market Thinking

making sense of the narrative

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Category: Repo Markets

Do we care about Tesla Vapourware?

While on the one hand the IPO of Rivian this week should put a final nail in the coffin of Tesla’s cyber truck project, on the other hand Rivian itself looks like it may be too late to the party Read more…


Upcoming (electric)car crash

The Wall Street habit of making up absurd valuations for Tech stocks on IPO has succeeded in the digital space largely because the unit cost of production in digital is approaching zero and the potential scale effects are huge. However, Read more…


What Tesla should have done

Following my comments here (and on Linked in) about the huge mistake I think Elon Musk has made with his new pickup, I was sent a link to this new competitor, whose truck will be available before the Tesla DeLorean Read more…


Don’t Fear the Repo?

The Fed had to intervene in the Repo markets last week for the first time in a decade, causing half the market to wonder why this happened and the other half to wonder what the Repo Market actually was. Essentially Read more…