Trump & the Media
And they said the internet would kill big media. Trump never had a chance. America might be angry, but it does not want a blowhard...
Minimum Wage Update
@TBPInvictus here: If you’ve been paying attention to the ongoing minimum wage debate, there have been some recent developments....
2016: The Infrastructure Election
The Infrastructure Election U.S. roads, bridges, ports and tunnels are a disgrace. Bloomberg, February 1, 2016. ...
Misunderstanding the Financial Crisis in New (but still wrong)...
Confusion About the Financial Crisis Won’t Die Explanations driven by ideology muddle rather than clarify. Bloomberg, January 28,...
Hedge Funds Scramble to Reassure Investors
I am fascinated by what I have been calling the hedge fund paradox: For ages, all but the top funds have lagged behind benchmarks for...
The Presidential Race Offers No Insight into Markets.
As you surely know, this is an election year, and that means a combination of sophistry and ignorance is flooding the news media. The...
Defaulting Single-Family Mortgages (by quality)
The chart below very much reveals how intellectually bankrupt the “GSE caused the crisis” argument is. It is also...
China’s State Sponsored Corporate Espionage
Economic espionage sponsored by the Chinese government is costing U.S. corporations hundreds of billions of dollars and more than two...
“Abandon all hope”
Today, we must acknowledge the turmoil in the equity markets, and do so by discussing an infamous anniversary. On the off-chance you were...