Category Archives: Market inefficiencies

Cold Truth: The Texas Freeze is a Catastrophe of the Free Market

Yves here. The collateral damage of the Texas power grid power failures is getting worse and worse. Extensive burst pipes now mean that 14 million (no typo) are without potable water. From the Wall Street Journal: More than 14 million people in Texas are without safe drinking water, as the fallout of a severe winter […]


Elizabeth Warren’s Not-Ready-for-Prime-Time Robinhood/GameStop Intervention

Elizabeth Warren is back in swinging hard, but she’s not yet connecting with the balls.


Wolf Richter: Historic Mania in SPACs, IPOs. Huge Fees for Wall Street Banks. Mega Paydays for Insiders. Disdain for Valuations. Blind Faith that “This Time It’s Different”

SPAC mania, with billions raised: this time it’s different, everyone is saying again – another sign that the zoo has gone nuts.