December 25, 2020 – Heisenberg Report

‘Return-Free Risk’

December 25, 2020December 28, 20205 min read

In a world where some $18 trillion in debt “boasts” a negative yield, bonds no longer offer risk-free return, but rather “return-free risk.” So says

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Larry Summers Thinks He Might Lose Too Much Weight After All

December 25, 2020December 28, 20205 min read

In 2009, when the Obama White House was busy charting a course for an economy that had just suffered the biggest hit since the Great

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Amid ‘Complete Clusterf—,’ Trump Sends Stark Christmas Warning To Republicans

December 25, 2020December 28, 20205 min read

“Complete clusterf—.” That’s how one “top Republican Hill aide,” described the chaotic situation in Washington after Donald Trump decided to keep his famous Sharpie holstered

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Redefining Philanthropy In The Age Of Musk

November 1, 2021November 3, 202112 min read

Every week brings new evidence to support the contention that humanity is moving rapidly towards…

Elon Musk And Our Future In Irrelevance

October 26, 2021November 22, 20215 min read

Because much of this wealth is tied up in stock, society benefits not via compulsory…

The Facebook Papers: We’re Not Asking The Right Questions

October 25, 2021November 7, 20217 min read

It's difficult for me to get excited about the latest deluge of damning revelations about…

America’s Economic Divide In Two Stories

October 9, 2021October 13, 20218 min read

What matters for real people is the effect on families. That's my generalized assessment of…

Cost-Benefit Analysis In A Failing Economic System

August 25, 2021September 11, 20216 min read

"This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP…

Suffering Fools: The Blank Check Rant Continued

August 9, 2021August 10, 202111 min read

It's been more than six years since I engaged in ceremonial bridge burning and otherwise…