My morning train WFH reads: • The Day Coronavirus Nearly Broke the Financial Markets (Wall Street Journal) • How Private Equity Is Ruining American Health Care (Businessweek) • ‘This Is The Time’:...
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My morning train WFH reads: • The Day Coronavirus Nearly Broke the Financial Markets (Wall Street Journal) • How Private Equity Is Ruining American Health Care (Businessweek) • ‘This Is The Time’:...
Traffic Is Way Down Because Of Lockdown, But Air Pollution? Not So Much Source: NPR Traffic has fallen off dramatically as the “Shelter-in place” directive has reduced the need to commute to...
My mid-week morning train WFH reads: • Family Guy vs. CNN: Which Explains Economics Most Effectively? (Real Clear Markets) • Tesla superfandom becomes toxic, negative for electric revolution...
Where New Yorkers Moved to Escape Coronavirus Source: New York Times A pair of amazing graphics from the New York Times about where NYC residents fled to from the city. Some moved to local...
How does one build out a merchant bank for a firm like Goldman Sachs? If you are Henry Cornell, you start in Asia. In the late 1980s, Tokyo was the hottest country in the world. Cornell went there...
Very few companies have pricing power at the moment Source: Torsten Sløk, Deutsche Bank Securities Today’s episode of confirming my priors comes to us via Torsten Sløk. His chart shows...
My Two-for-Tuesday morning train WFH reads: • U.S. Equity Markets Stubbornly Ignore the Doom Everywhere (Businessweek) but see These Investors Are Helping Drive Market’s Surprise Rally (WSJ) •...
The head of the U.S. central banking system tells Scott Pelley how high he thinks unemployment will go, what tools the Fed still has to breathe life into the economy and what outcomes he’s trying...
Check out Part 2 of the podcast I did with Investors First Podcast (Part 1 is here). We discuss why I favor active management in fixed income over equities; how I curate which writers he...
The transcript from this week’s, MiB: Henry Cornell, Cornell Capital, is below. You can stream and download our full conversation, including the podcast extras, on Apple iTunes, Spotify,...
Source: Federal Reserve Bank of Atlanta So apparently, we have a new installment called “WTF is GDP these days?” When the BEA data said Q1 GDP was -4.8 percent, I thought it was wildly...
My back to work morning train WFH reads: • Reinhart and Rogoff Say This Time Really Is Different: Expect 5 years to recover to 2019 GDP (Bloomberg Markets) • Have the Record Number of Investors in...
Sweden Stayed Open. A Deadly Month Shows the Risks Source: New York Times Two weeks ago, I mentioned that Sweden was doing much worse than its immediate neighbors. This was in direct...
Source: xkcd I love that it takes Randall only 1 panel to say what takes me about 12.
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Something in the cost-benefit analysis no longer makes sense. And not...