If The Postal Service Was Publicly Traded, It Would Have A Trillion Dollar Market Cap

In the past few days, there has been an unprecedented amount of manufactured drama over the US Postal Service, as discussed in "Unpacking Fact From Fiction Behind The USPS Drama", yet which has continued overnight

And which as Byron York summarizes, "speculation about Trump and the Post Office has grown so frantic that it resembles the frenzy three years ago over allegation--from many of same people--that Trump conspired with Russia to fix the 2016 election."

In any case, we won't belabor the political talking points - as those will be with us every day for the next 78 days - but instead make a market-based observation that if the US Postal Service, which has had just three profitable quarters this decade...

... had been a publicly-traded company, it would easily have a massive market valuation. Why? Because in the last ten years or 40 quarters, the USPS has made $688.7 billion in revenue while losing $68.2 billion, an abysmally bad performance which even such cash incinerators as Tesla, Uber and Netflix can only admire in stunned silence.

And since this market rewards nothing quite as generously as massive cash burn, it is beyond debate that the USPS would have a market cap of over $1 trillion. In fact, thanks to its record net loss, it might even be the world's most valuable company thanks to the Fed which has flipped every market fundamental upside down.