This site under reconstruction.
I was going to post about some other topic but the news about GameStop kept appearing in my News feed, so I was like “What is going on?” Schadenfreude! Big time! I will admit I have that same gleeful feeling upon reading that regular small investors took down one or two hedge funds. I don’t…
“Most of Wall Street, it seems, is happily preparing for a Joe Biden victory in November. “The majority of my friends on Wall Street would like to see Trump lose to Biden,” one very senior investment banker tells me. “They’re saying, ‘We’d like to see Biden crush Trump.’” And that is without knowing exactly what…
There have been a few articles, here and there, about Denmark and its “socialist” type of government, probably brought about by Bernie Sanders’ references to Denmark. But most of the articles that I’ve read all say that Denmark is actually a combination of socialism (or welfare state) and hyper capitalism. The oldest article that I…
For a while, Harvard was going to tap into the educational aid relief that was in one of the CARES packages offered by Congress despite having the wealthiest university endowment of roughly $40 or $41 billion dollars. Now, I don’t know how these endowments work so I regarded them as funds for a rainy day…
Republican’s stock answer (other than cut taxes) to all problems is: leave it to the market and the market will fix what ails us. Except the market is failing us now. We still can’t get testing at the levels we need in order to reopen the economy. We still don’t have enough PPEs for our…
I hazily recall reading an article a couple of weeks ago about an interview with one of the Democratic Presidential candidates, Tom Steyer, and the reporter asked him a question about the extremely large role finance plays in the U.S. economy – basically the financialization of the economy over the past couple of decades. I…