Succinct Summations for the week ending March 1st, 2019 Positives: 1. Former POTUS attorney Michael Cohen’s testifies to Congress, bringing this entire mess another step closer to ending; 2. GDP...
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Even if the Fed hadn't institutionalized perverse incentives to borrow and speculate in asset bubbles, the economy would still be generating far fewer winners than losers.
If we scrape away the shuck and jive (a difficult task when the majority of...
The latest risk supposedly precipitating a collapse of America is not the rise of Socialism; It is not Senators Elizabeth Warren or Kamala Harris or even AOC. Medicaid for all will be expensive,...
Former Detroit Land Bank Spokesman Craig Fahle Convicted For Drunk Driving And Cocaine Possession
My end of week morning train reads: • The Bill Gross You Didn’t Know: Taxes, Deficits and Asperger’s (Bloomberg) • When you click ‘buy now’, this is what happens inside Amazon...
Ferrari has revealed the replacement for the 488 GTB: the F8 Tributo. The mid-engined 3.9-liter V-8 engine makes 710 hp and 568 lb-ft of torque, with peak horsepower hitting at 8000 rpm. Its...
Why didn’t any Wall Street CEOs go to jail after the financial crisis? It’s complicated. Your browser does not support the audio element. Source: Marketplace
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Official survey data published by China showed the country's manufacturing sector weakened again in February, raising concerns about the slowdown in the world's second largest economy.
The collapse of nuclear talks between President Donald...
Equifax Spanking Is Coming By The CFPB And Federal Trade Commission Over Mass Data Breach
My morning train reads: • The MBA Myth and the Cult of the CEO (Institutional Investor) • How to Sell the Art Your Parents Spent Their Lives Collecting (Bloomberg) • How Much Leisure Time Do the...
``Notwithstanding the hype, the fact is that @AOC knows how to ask questions at a hearing, which a lot of other members don't. She just successfully laid the predicate for issuing subpoenas to several more witnesses & seeking Trump's taxes.''
There is something slyly dystopian about an economic system that has convinced the most indebted generation in American history to put purpose over paycheck. Indeed, if you were designing a Black Mirror labor force that encouraged overwork...
Mr. Cohen's most damaging revelations related to Mr. Trump's personal involvement in a potential criminal conspiracy to violate campaign finance laws and cover up those offenses. This possible conspiracy was the subject of a comprehensive...
It was always folly to believe that inflating asset bubbles could solve the structural problems of a post-industrial economy.
The Doomsday Scenario for the stock and housing bubbles is simple: the Fed's magic fails. When dropping interest rates to...
AT&T Inc. beat back another effort by the U.S. to undo its purchase of Time Warner, cementing an $85 billion deal to help it compete with Netflix Inc.
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That ends the Trump administration's attempt to unravel a tie-up the U.S. said would lead...
Wall Street Learns That Giving Stuff Away Is Boring Financial firms introduced a slew of products that didn’t charge fees last year. Investors yawned. Bloomberg, February 21, 2019 I...
My mid-week morning train reads: • Foot Locker’s Game Plan to Win Over Sneakerheads (Wall Street Journal) • Zillow Is Now The Netflix Of Homes (The Basis Point) see also Is Zillow’s move into...
Fees are coming down on 10 Vanguard ETFs $(175 billion aum) Source: Wall Street Journal My friend Asjylyn notes the fee wars continue: “Vanguard Group is cutting management fees on 10...
Musk's latest run-in with the SEC stems from a tweet he sent a week ago, on February 19: "Tesla made 0 cars in 2011, but will make around 500k in 2019." Hours later, Musk sent a follow-up tweet indicating that the company will actually deliver...
The concept of the “American Dream” – upward social mobility achieved through hard work in a society with few economic barriers – still exists. The surprise is that it has migrated to China. That...
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