The United States has a big problem: its politics are dominated by corporate interests, and so too is its law. This is evident in the way that anti-monopoly cases are decided.
When a major corporation is accused …
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We have the usual hysterical reaction to a bank failure. As usual, commentators are saying that the Fed will have to pivot. The reality is that the 10Y US yield went down 14bp: hardly falling off a …
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We all know about availability bias, confirmation bias, and probably several more systematic ways in which our intuition leads us astray in assessing the state of the world. There really are an almost uncountable number of cognitive biases, as this Wikipedia Article reveals. This …
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Matt Levine is not a person. He is like Zero Hedge’s Tyler Durden: a whole team of individuals who are chained to their computers churning out insightful articles ever day of the year (nearly).
Anyway, ‘he’ wrote the …
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When inflation spikes, the losers are those who are long bonds. This is because the value of bonds falls when inflation rises. The reason for this is that bonds are essentially loans, and the value of a loan …
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I enjoy Bethany McLean and Luigi Zingales’ podcast, Capitalisn’t. I’ve listened to a few episodes and I find them to be very informative and thought-provoking. One I listened to recently was this one with Elizabeth Popp Berman, who argues that that measuring …
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