Sick Unicorns: America’s Broken Start-Up System
Unicorn startups are even more unprofitable than those that did not achieve unicorn status.
Read more...Category Archives: Economic fundamentals
Rising Temperatures, Melting Ratings
Taking a stab at how global warming will affect bond ratings in the intermediate and long term.
Read more...Bitcoin, Easter Island-ism, and the Cowardice of Green New Dealers
A pox on hypocritical environmentalists who are nowhere to be found in demanding a stop to pointless, energy profligate Bitcoin.
Read more...Cabin Fever: Americans (of Means) Keen to Travel. How Many Will Play it Safe?
The travel genie is about to leave the bottle.
Read more...We May Be Living in a Moment of Misplaced Optimism
The current bout of optimism looks too close to giddy for my comfort. And yours?
Read more...Scoring the $1.9 Trillion Stimulus Plan and Earlier Covid Relief Programs
How to do a better job of getting relief to those who need it.
Read more...Patent System Often Stifles the Innovation It Was Designed to Encourage
Why the US patent regime is broken and what could be done to fix it.
Read more...The Full Case Against Ultra Low and Negative Interest Rates
Why unprecedentedly low and negative nterest rates will probably not stimulate demand and may even threaten financial stability.
Read more...Michael Hudson and Paul Craig Roberts: It Is Time To Remove The Debt Barrier To Economic Growth
Why it’s time for a widespread debt writedown.
Read more...The Long Term Damage of Economic Downturns
As the well off sail on, either unaffected by or profiting from Covid’s impact, for many, the economic damage is severe and lasting.
Read more...New York City Lost a Record 631,000 Jobs to the Pandemic in 2020. So What’s Next?
A look at the raw numbers behind the pain of New York City’s biggest economic downturn since the Great Depression.
Read more...Biden Stimulus Plan Shores Up Weakest Multi-Employer Pension Plans Rather than Taking on Private Equity Abuses
A Biden rescue of the sickest private pension plans goes largely under the radar.
Read more...New Zealand’s Feeble Attempt to Curb Sky-High Housing Prices
New Zealand, awfully late in the game, is trying to Do Something about insane housing prices.
Read more...Nomi Prins: To Build or Not to Build? The Infrastructure Question
For all sorts of bad reasons, American has a huge infrastructure spending backlog. But can we even do the job well?
Read more...The Productivity of Working from Home: Evidence from Japan
A new study confirms others in concluding that productivity is lower when normally office-based employees work from home.
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