A few commentators have been pointing out the collapse of capitalism into corporatism for years. Zingales and Raghuram did an excellent job. Tepper and Hearn did a slightly less good job, but more readably. Matt Stoller is doing a fabulous job, but against the …
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Krugman writes an explanation of why the Trump corporation tax cuts failed so badly. I hope this is not paywalled. DM me @francismansell to complain. Krugman explains that most US corporate profits are really monopoly profits, so changing marginal tax rates doesn’t …
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AAII is the American Association of Individual Investors. I originally assumed that this was AALL (but the ‘L’s in lower case, for some camel-case reason): no wonder Google had no idea what this was.
This might have something to do with it
I’ve been sceptical …
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Kuppy is no Jamie Dimon. You don’t think “Jamie is telling me that the stockmarket is going up for the foreseeable future, I’d better liquidate my holdings ASAP.” OK, Kuppy is not as wealthy as Jamie either, but the main thing is that you …
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Labour costs are rising, even in the middle of a pandemic in which nobody of working age has died. Obviously, this is not literally true, but the supply of labour has not been hugely affected by the pandemic. The implication for this are that (i) wages …
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It’s hard to say. The government is injecting money ‘into the economy.’ But, someone is buying those bonds, and those people have spent their money, on bonds, and aren’t going to spend it on new cars or homes. Keynes talked about …
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Authors of Green Dragon Book win Turing Award. Aho and Ullman were pioneers in compiler writing.
Countries in Central America are largely under the control of a small number of families. But this is changing, not always for the …
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Generally a risk on, deflationary day. Risk assets and most commodities up. Global equities generally up. Precious metals starting to catch a bid.
Not really sure what the driver is: a lot of news around the $2T infrastructure bill.
The Greensill tragedy continues to unfold:
read moreNEW: Greensill …
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