SVB goes pft... and just like that, it's gone

Makes you wonder what else might unexpectedly go pfffft in the days and weeks ahead. I'm thinking Tesla. The hallucinatory overvaluation of Tesla is what's enabled Elon to become a big deal in politics. He could afford to pay 40 billions for Twitter. That's at least 10X what the fundamentals would suggest it's worth. No problem! The market insists Tesla is still worth more than VW/Toyota/Mercedes/GM/Ford combined! Gross revenue per second isn't a metric I've run into very often, but Finasko informs me that VW generates over $9000 per second, Tesla under $800, yet Tesla dwarfs VW by market cap. I suspect the US economy is on the cusp of a great awakening. Friday's collapse of SVB isn't exactly a confidence booster. Internationally, the USD is steadily losing market share in terms of global trade, largely because America's willy-nilly application of unilateral sanctions on whomever displeases Empire is eroding confidence. This weeks historic agreement between Saudi and Iran will only speed up the death spiral. I think Elon is bankruptcy proof however. He's got gazillions in government contracts in realms that make him a very deep player in America's deep state. Tesla is just a front.