{"id":82657,"date":"2024-03-30T01:00:36","date_gmt":"2024-03-30T08:00:36","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=82657"},"modified":"2024-04-01T15:30:25","modified_gmt":"2024-04-01T22:30:25","slug":"black-coffee-30-mar-2024","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id82657-black-coffee-30-mar-2024.html","title":{"rendered":"Black Coffee: Time to Pedal Harder"},"content":{"rendered":"

\"hurricane-flags\"<\/a>It’s time to sit back, relax and enjoy a little joe …<\/em><\/p>\n

Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what’s been going on in the world of money and personal finance.<\/p>\n

Another busy week is crossed off the list. So without further ado, let’s get right to the commentary …<\/p>\n

The bicycle of life has two wheels: the past that you have passed, and the future that you are moving towards. The present is where you need to pedal to keep yourself stable, happy, and successful.<\/em><\/p><\/blockquote>\n

– Srinivas Mishra<\/span><\/strong><\/p>\n

Credits and Debits<\/strong><\/p>\n

Credit:<\/strong><\/span> Did you see this? We continue to be flooded with overwhelming evidence that electric vehicles (EVs) are a market loser. In fact, the failing EV market has been such a calamity that the CEO of Hertz, Stephen Scherr, was booted out of his job<\/a> last week as a result of his vast purchase of an EV fleet that consumers steadfastly refused to rent. Hopefully the Hertz board of directors will ensure the next CEO they hire is a critical thinker; someone who is willing to question the status quo and mindless herd mentality before making important decisions. Perhaps like one of these <\/strong><\/em>guys:<\/p>\n

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Debit:<\/strong><\/span> Then again, market mistakes like EVs would be quickly corrected in a free market, as the lack of demand would limit the quantity coming off the assembly line – if not make them all but extinct. However, reckless government spending in the form of EV subsidies<\/a> have enabled an entire industry to expand to a level that it otherwise wouldn\u2019t have reached. It’s actually a great strategy – but only if you’re building these vehicles:<\/p>\n