Even as the Fed floods the market with $400 billion in four months, with stocks at record highs, and reality pooh-pooed as irrelevant. What’s different this time?
Amazon takes over the last mile and everything else.
An arcane device that impacts so much.
These are the good times, but why are subprime credit cards, auto loans, and short-term installment loans blowing out?
The fear that today’s negative or low interest rates render central banks helpless in face of the next economic crisis.
Even the upper middle class loses share of household wealth to the 1%. The bottom half gets screwed.
Whose Bets are Getting Bailed Out by the Fed’s Repos & Treasury Bill Purchases?
What’s astonishing is how long it lasts.
How cash-burn machines power the real economy, and what happens to that economy when investors refuse to have more of their cash burned.
The biggest force behind the startup bubble in the US has been SoftBank. But the scheme has run into trouble, and a lot is at stake.