Thursday 30, December 2021

The future is already here, it’s just not very evenly distributed

New England is a lodestar. It shows ordinary people like me where the world is going. It is achingly hip, and green, and averse to fossil fuels and nuclear power. It doesn’t like …

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Monday 20, December 2021

Turkish Lira and Wrap

The Turkish Lira shot up 18% today after Erdogan unveiled a series of measures to stabilize the currency. I haven’t had time to read the details of what he is proposing, but I somehow doubt that it will work. However, he …

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Sunday 19, December 2021

Tweets

W00t! The FBI loses all the evidence that would explain what Epstein was up to. Amaaaazing.

FBI loses all the CDs seized in Epstein case. 🥴 pic.twitter.com/C9sKhrvB1o

— Big Fish (@BigFish3000) December 18, 2021

pic.twitter.com/IyjKQCKitH

— JC Oviedo (@JCOviedo6) December 19, 2021 …

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Friday 17, December 2021

$CVNA (or, as some would prefer, $CVNAQ)

Lol, $CVNA hasn't financed yet in spite of $700m of estimated cash burn next year (99% of Q3 equity).

Could it be because no investment bank wants to sell such toxic paper to their clients? Or is the …

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Thursday 16, December 2021

Robert Reich on inflation

Robert Reich has written a piece about why inflation is happening. It’s about how US companies can preserve or increase margins in the face of escalating raw materials costs. The answer is, of course, market power. This is something that a …

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Wednesday 15, December 2021

FOMC meeting today

Commentators usually avoid making predictions. Markets have an uncanny ability to make fools of all of us, arguably, the smartest are the ones with most to lose.

Anyway, Alex Manzara, who I respect hugely, has just come out and made a clear and …

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Tuesday 14, December 2021

On China

China is a global superpower. It is also, notionally a communist state. In its current form, it is the result of support given by the Soviet Union to Mao Tse Tung. Weirdly, the Soviet Union is gone, but its client state, China, now has …

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Monday 13, December 2021

Lyn Alden’s newsletter

One of the newsletters I look forward to reading is the on from Lyn Alden. A big plus is that it is issued only once a month. The other is that it gives a lot of interesting facts.

You can read her …

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Saturday 11, December 2021

Assange’s crime was to damage Hillary Clinton

I’ve always wondered why the USA is so hell-bent on destroying Julian Assange. He is of no danger to anyone, and probably never was. It appears that the sexual assault crimes alleged against him in Sweden were …

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Friday 10, December 2021

Citadel, Robinhood and payment for order flow (PFOF)

Matt Levine wrote about this topic the other day. If you sign up for his newsletter, you can read it, but it’s behind a paywall on the web, here. If you don’t visit the site much …

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