2020 was a good year to be rich. I mean, every year is a good
Month: December 2020
Many Marvels: The Year In Corporate Credit
One the many marvels of 2020 was the US corporate bond market, where borrowers were
‘Celebrating’ A Banner Year For Gold, Bitcoin
2020 was a triumphant year for gold bulls, both of the traditional and digital variety.
‘This Will Not Stand, Man’: Nine Months Later, Jobless Claims Stuck Near 800,000
787,000 Americans filed for unemployment benefits last week, fewer than expected, but still well more
And So Ends The Worst Year In Modern History
With many markets shut for New Year’s Eve, the world closed the book Thursday on
Banana Republicans
Headlines Wednesday centered around the distribution of $600 stimulus checks and direct deposits, which began
For Jack Ma, The Cost Of Insubordination Is $11 Billion (And Counting)
Poor Jack Ma. I mean, not really. Things can’t be all that bad if you’re
‘Superfluous People’ And The Arraignment Of Capitalism
“Nothing has defined the 2020 market more than the erosion in the value of human
Approvals, Surges, And Variants
More incremental vaccine news greeted markets Wednesday as AstraZeneca and the University of Oxford’s COVID-19
Adventures In Rage Kapitalism
The last decade stands as the final stage of the transformation of the American psyche,
Threats In Limbo
Another day in post-Christmas, pre-New Year limbo produced little in the way of excitement, although
Loeffler, Perdue ‘Delighted’ To Send You $2,000. Mitch McConnell, Not So Much
“$2,000 for our great people, not $600!,” Donald Trump shrieked into the Twittersphere on Tuesday,
No Way Out: Breaking The Cycle Of Asset Price Inflation May Be Impossible
I don’t claim to know much with absolute certainty, but one thing I’m almost sure
Everybody’s A Dollar Bear For 2021
The dollar looked poised to close out the year with a second consecutive monthly decline,
Onward And Upward?
Global equities hit new highs Tuesday as markets saw no reason to fade the steady
Wild And Dangerous
US equities hit records Monday, as bemused market participants pondered a convoluted situation in Washington,
Somebody Help Larry Summers. He’s Stuck In A Textbook
“Look, we need to help people,” Larry Summers said, in a kind of deliberate drawl
Bitcoin, The $28,000 Derivative Of Netizens’ Collective Imagination
I suppose I’d be remiss not to mention Bitcoin coming off a Christmas rally that
China’s Tech Titans Crumble At Xi’s Feet
Since peaking in October, Alibaba has now shed more than a quarter trillion in market
Let Reason And Science Guide Us. And Stimulus. Lots Of Stimulus.
Equities looked to rise coming off the Christmas break, buoyed by Donald Trump’s decision to
Trump Was Just Kidding, Signs Virus Relief Bill After Publicity Stunt Goes Wrong
After an agonizing, made-for-TV delay, Donald Trump decided to sign the bipartisan COVID-19 relief bill
Americans Splurge On Couches, Hammers During 75 Days Of ‘Christmas Shopping’
The holiday shopping season encompasses 75 days now, apparently. That’s according to Mastercard, which decided
Ant, Meet Sledgehammer
Jack Ma should have kept his mouth shut. The often flamboyant billionaire was reportedly warned
GOP’s Toomey: Trump Risks ‘Being Remembered For Chaos And Misery’
I never imagined I’d spend more than a few minutes of my life writing about
Georgia (Still) On My Mind
In the immediate aftermath of the US election, markets cheered what was variously billed as
America Faces ‘Great Cultural Depression’ As Arts Industry Evaporates
Over the course of the pandemic, I’ve spent quite a bit of time lamenting the
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