4 Sept 2021

The week

The resignation of Suga, the Japanese PM, seems to have had a galvanizing effect on the Japanese stock market. I don’t know anything about the politics over there. My understanding was that he was just a caretaker PM, brought in because Abe became too …

There are comments.

3 Sept 2021

What is Afghanistan all about

I listened to this podcast recently. It’s about Afghanistan, and what went wrong, and what it’s like to live there. It’s about why economics, and particularly property rights are behind a lot of the violence in the country. It …

There are comments.

2 Sept

Uranium

Kuppy is pumping uranium, here. He’s keeping to his theme of sticking to investing in Ponzi-like schemes. One sure sign of one is an ATM (at the money) offering.

To be fair, Kuppy’s main point is that the above-ground stockpile of uranium is being used …

There are comments.

• inflation

1 Sept 2021

Pic of the day

Evergrande

“Evergrande is the largest player in the largest sector in the Chinese economy.  Evergrande owns 231 million sq meters of land in 234 cities.  Evergrande is the largest Chinese issuer of dollar-denominated corporate debt in the world, with a balance sheet …

There are comments.

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.