Strider Elass (@StriderElass) header
Strider Elass (@StriderElass) profile picture

Senior Economist at First Trust Portfolios. Love Jesus, family, investing, real estate, soccer and golf very much.

San Diego, CA
Joined April 2009
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Strider Elass retweeted
Interesting
The governor-elect of Texas, Gina Hinojosa, has explicitly said that all currently permitted datacenters in Texas will be allowed to finish construction. This essentially covers all of the 2027 and likely well into 2028. She is going to pass laws that ensure that all *newly* permitted datacenters going forward for delivery in 2028/2029 will pay taxes, commit to no increase in power prices for consumers, don’t impact water availability for people, be constructed with union labor and give “Texans a seat at the table.” Sounds reasonable. She doesn’t want to lose a lot of good blue collar jobs and property taxes for small towns in rural Texas. Datacenter commentary starts at 6:30 in this interview. Also attaching her official campaign position from her website in the next post. Sidenote: After watching a bunch of her speeches and interviews, I do think she is a political talent and probably has a future in national politics. youtu.be/D-T6H3b8ZeE?is=mEWu…
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Strider Elass retweeted
From 2020 to 2022, the US came up with this crazy idea to borrow $5 trillion and pay people to sit at home. If the market had funded it, Treasury yields on that debt would have been 4-6%. But Powell and the Fed funded it at 0%. I’d say that’s when “Fed Independence” collapsed.
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Strider Elass retweeted
One of the things the data analysts on our side obsessed over was "composition"—whether the electorate looked close enough to 2024 for Republicans to win. And despite polls that showed a Democrat blowout, the data kept on telling us the same story: in some states turnout was merely OK, in other states it was downright amazing, and in no state was it catastrophic. There was a genuine sense of optimism on our team: our people were showing up. So, I asked the smartest data guy I know, does that mean we're going to shock the world? "No," he told me. "We might do better than the polls suggest. But the data is telling us that a lot of Trump/Vance 2024 voters are pissed and planning to vote for the other guys. Our voters are turning out, but they may not vote for us." Well, that looks prophetic now. Our voters did show up. In Florida, for example, the electorate was 9 points more Republican than Democrat, just a couple points worse than 2024. Undoubtedly there were places we could have done better on turnout. But the main problem is not turnout. The main problem is that many people who voted for Trump/Vance in 2024 voted for Democrats in 2026. There will be a lot of infighting and arguing over what happened and why that is. One of the pollsters I really respect told me that our economic messaging wasn’t sharp enough down the stretch. I’m sure that’s true. But the real reason we lost is obvious to almost everyone. Another pollster—one of the smartest people I know in politics, told me yesterday we’d lose the generic ballot by 13 points. I felt negative going into Tuesday, but even I was shocked by this. In his polling, he saw that a lot of Trump 2024 voters were angry and planning to vote for Democrats. He asked those voters who had abandoned us what would cause them to come back on our team. The top four answers, accounting for nearly all of the responses were: 1) End the war 2) Focus on cost of living/inflation 3) Put America First 4) Change our relationship to Israel Our voters showed up. And the above four reasons are why many of them voted for Democrats. This is according to a pollster who nailed the results. While many spent Monday attacking Rachel Campos Duffy for calling for a diplomatic resolution to the conflict, it turns out her political advice was sound. (She’s also a great person.) In the next few months, there's going to be a lot of gaslighting. Expect to hear any number of establishment politicians say the solution to our woes is amnesty. I'm open to the idea that we should change enforcement—by focusing more on businesses that hire illegal labor, for instance. But anyone pushing amnesty is lying to you. The reason we lost is the war. The president himself said so last night. If you'd like to argue it was worth it, that losing the Senate for the next 6 years was worth it, then do so. Argue it was a worthwhile cost to pay. Agree or disagree, that's at least honest. But everyone knows why we lost. And any honest conversation about where we go from here must start there. I remain hopeful about our country. To the people who are pissed off and want to say, “I told you so”: you’re right, you did tell us so. Take that energy into electing Republicans who share your worldview. To the people who are just pissed at the results, you should be. Let’s take that anger and get back to the work of saving our country.
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Strider Elass retweeted
The SpaceX revenue rocket 🚀 is truly jaw dropping. 🤯 Especially concentrated in AI/SI compute, which Elon builds far faster and bigger than anyone. But you know what’s probably even harder than building gigawatt data centers? 👉 Terrestrial mobile networks. It’s going to take more than some new 800 MHz spectrum. Elon’s correct, however, that with millions of robots and billions of AI agents, we are in for another exaflood of bandwidth demand.
Holy shit, Elon just said @SpaceX could exit 2027 with an ARR of somewhere between $500 billion to $1 trillion. 😱
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Strider Elass retweeted
This is one of my favorite charts. 📊 Regular gas prices in 🔴 states vs. 🔵 states. Gasoline prices have risen for everyone since the Iran War started in February. There is absolutely no doubt that the blockade in the Strait of Hormuz (which, as of the time I'm writing this, is improving) was the cause. But regardless of recent price trends amidst ongoing geopolitical tensions, prices tend to be cheaper than the national average and median (a more appropriate metric) in red states. On the other hand, blue states tend to run more expensive, the exceptions of course being Colorado (a surprise to me), Maryland (barely), and my home state of Virginia. These differences primarily boil down to gas tax rates. Democrat-run states have higher tax rates because, well, Democrats like higher taxes. This should not be a shocker to anyone. California takes the cake, though. The gas tax rate of $0.63 / gallon is the highest in the United States, and environmental regulations (e.g., cap-and-trade and their low-carbon fuel standard), which add another $0.21 to $0.26 / gallon, impose significant burdens on consumers. Assuming that you drive a vehicle with a 26-gallon tank and fill up every 1.5 weeks, on average, Californians spend ~$2,335.36 more per year on gas than Indianians. Left-wing energy policies are nuts.
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Strider Elass retweeted
Anduril is investing $3.7B into Arsenal-2. The next great American Shipyard.
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Strider Elass retweeted
Major news, given China’s heretofore near monopoly on lithium refining.
First Cybertruck made with 4680 cells containing lithium from our Gulf Coast Lithium Refinery
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Strider Elass retweeted
Elon Musk has created massive wealth. It’s wealth, it’s not cash. It represents an accumulation of assets that are being used to create goods and services for all. Some want to take this and give it away to be consumed by others. It’s called “eating your seed corn.” A perfect way to guarantee a smaller crop, less growth and lower standards of living for everyone. Socialism creates more equality by making “everyone” poor. Except for the leaders, of course, who will somehow take more from this system.
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Strider Elass retweeted
What in the world? The American Federation of Teachers and an advisor to Union-affiliated pension funds ( neither of which are investors in SpaceX) are both asking the SEC to investigate Musk World. The Lilliputians keep stringing thread. Impede and harass strategy.
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Strider Elass retweeted
"Data center expansion is not currently the predominant driver of increased electricity prices in U.S. states" spglobal.com/ratings/en/regu…
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LimX Dynamics demonstrated autonomous unboxing with its humanoid robot Oli, requiring almost no human effort. The robot can step out of its crate and become fully operational on its own without manual setup. Multiple robots can be activated together and controlled through a single system, saving time and effort.
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Strider Elass retweeted
A new Atlas robot from Boston Dynamics, showcasing smooth, human-like movement like a belly dancer and advanced mobility beyond human limits nitter.gq/MrLaalpotato/status/20…
Readers added context they thought people might want to know
**The video is AI-generated, not genuine Boston Dynamics footage.** It modifies the official CES 2026 backflip demo—in the real video, the background monitor is shorter and movements lack this dance routine. youtube.com/shorts/83SQmj5… youtube.com/watch?v=UNorxw… bostondynamics.com/products/atlas
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Strider Elass retweeted
Fantastic Hearing with Senator, Chairman, Dr. Rand Paul. The Fed’s Abundant Reserve System never had an appropriate public hearing. It’s started…thanks to @SenRandPaul
The Fed is being pushed to answer for its “abundant reserves” regime thanks to my team’s work on this report. Chairman Powell finally had to publicly address the “ample reserves” issue, something the Fed has acted like didn’t even exist for ages, and something the press has never really asked about. The real question isn’t the Fed’s profits or losses, it’s who sets interest rates: the market or a group of grumpy old men behind closed doors? If it’s the latter, let’s call it what @Wesbury calls it:  price fixing.
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Strider Elass retweeted
Tomorrow I testify at this hearing. The Feds Abundant Reserve Policy needs to end. May this be the beginning of the end. The Fed’s Big Bank Welfare Program: Oversight of the Fed's IORB Regime - Committee on Homeland Security & Governmental Affairs hsgac.senate.gov/hearings/th…
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Strider Elass retweeted
Airports Full, Carts Full: A Thanksgiving Snapshot December 4, 2025 As families gathered around the table last week, Americans weren’t just carving turkeys; they continued to set records. In this week’s “Three on Thursday,” we take a closer look at what Thanksgiving week revealed about the economic backdrop. For a deeper dive, click the link below. tinyurl.com/3mhybdch #firsttrust #threeonthursday
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Strider Elass retweeted
X Policy uncertainty has become a real economic force. The new ROI Podcast episode breaks down how shifting rules, tariffs & headlines are influencing business decisions heading into 2026. Full episode: 🎧 tinyurl.com/hu3bp9v4 📺 youtu.be/bsxutn5K1I0 #ROIPodcast #Economy #Markets #FirstTrust
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Strider Elass retweeted
Capital rules and Special Liquidity Ratios are the way the Fed (and other regulators) control the inflationary impact of huge growth in the Fed’s balance sheet. Abundant reserves are potentially inflationary. Loosening the rules makes inflation more likely.
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Strider Elass retweeted
For all those Republicans who fear spending cuts. Please look at the 1980s and 1990s. Reagan and Clinton both cut non-defense spending relative to GDP. Both won reelection. H. W. Bush increased spending (and raised taxes) and lost. Why? Because growth picks up when you cut government spending. Taking more from the private sector hurts growth. Spending restraint and shrinking the role of government boosts growth. Not only that, people don’ really want to fight over government handouts…they, deep down, want freedom and to be personally responsible. Have faith in capitalism…if you won’t do that you will lose everything anyway.
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Strider Elass retweeted
Great work by the @SpaceX team!
The latest rocket launch market share report just dropped 🚀 SpaceX launched 88.5% of all satellites in Q2, on track to hit the 90% share @ElonMusk predicted for the rest of 2025. By weight lofted to orbit, SpaceX did 86% of the global total. And it’s a power law; once you remove #1, China’s CASC did more than everyone else combined. The inset boxes are enlarged so you can see the long tail of contenders.
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