31 August 2021

Housing

The massive strength of the housing and rental market strongly suggests landlords will try to evict tenants who are delinquent on rent unless they obtain federal assistance. And evictions could be particularly pronounced in cities hardest hit by the coronacrisis, since apartment markets are actually tighter …

There are comments.

30 Aug 2021

Navios Marine Acquisition

This company, which is in the business of supplying all sorts of ships, had had a bad run lately. Over the last few days it has recovered. Its financials are a bit suspect. It has recently an at-the-market offering, which is favoured by the …

There are comments.

27 Aug 2021

The dog days of summer

The schools will be going back next week. Politicians are on holiday, trying to keep out of trouble. Dominic Raab is trying to minimize the damage to his career for being on holiday and failing to call the ambassador in Kabul just …

There are comments.

26 Aug 2021

Taper Trouble

Jackson Hole has had a case of Covid, with the result that, for the second year, it will be held over video. I’m sure the world’s central bankers were awfully disappointed, but the planet will thank them for the kilotonnes of CO~2 …

There are comments.

25 Aug 2021

Bill Nelson

There was an old lady who swallowed a fly;

I don’t know why she swallowed a fly - Perhaps she’ll die!

There was an old lady who swallowed a spider
That wriggled and jiggled and tickled inside her!

She swallowed the spider to catch …

There are comments.

19 Aug

Afterpay analysis

Net Interest is a wonderful blog. Marc Rubinstein is a smart cookie. I always enjoy his missives, but I enjoyed this writeup of why Afterpay in particular, and why this sort of retail finance fintech is so sought after. Afterpay has been snapped up by Square …

There are comments.

18 Aug 21

Stolen from Avid Commentator.

There are comments.

17 Aug 2021

Afghanistan

As some wag pointed out, Twitter is full of Covid experts who double up as US foreign policy experts. I would never claim to be an expert, but I’ve never heard anyone sensible and disinterested arguing that the Afghan army ever had a chance against …

There are comments.

Weekend 14/15 August

Goldmans say that Aluminium is going skywards. EVs need a lot of the stuff, 250 kg per car. It takes a lot of energy to make, and that’s going up too. How to play this: futures or maybe Rusal, if you aren’t afraid of …

There are comments.

Wrap

The Delta Variant seems to be really getting to the US Americans. Worries over it resulted (maybe) in a pullback in oil and a retreat for the dollar. The stimulus is yesterday’s news. Stock markets globally hit more all time highs. I assume this is all tied up …

There are comments.