Fearless commentary on finance, economics, politics and power

Extrapolating from well-advanced Covid developments leads to some ugly destinations.

We are taking a Thanksgiving mini-break. Hope you get one too.

Amazon hasn’t done well in Latin America. Now Argentina will challenge private platforms to benefit workers, consumers and sellers.

~ Covid charts show Midwest improvement ~ Democrat jouissance after GSA ascertainment ~ Diversity ~ Hunter Thompson, prophet ~ Manufacturing, housing ~ Supply chain ~ Wolves ~ Amazon organizing ~ Evictions ~ Occam’s Razor

How the Saudi Aramco IPO has become a financial millstone.

More discussion of an analysis that concluded that the only way to “fix the economy” was to tackle Covid…and not hope for a vaccine bailout

The Brexit trade talks illustrate that not deciding amounts to a decision.

Trump kicks Yemen.

By Lambert Strether of Corrente Readers, I have purchased Obama’s latest autobiography, along with the complimentary handtruck needed to take it home, and now I’m going to have to pull on my yellow waders and read it, as much as I can stand. So that post is coming, but that post is not this post, […]

~ Today’s Water Cooler ~

It is vital to escape the standard binary debates of state versus market or public versus private ownership.

Biden could resort to a simple bankruptcy fix for the student loan mess. But would he?

The Treasury and Fed set up junk-buying SPV programs The unwind is oddly controversial given that they never should have been created.