An increase in global financial risk causes a large and persistent widening of sovereign spreads, with the spillover effects especially pronounced for speculative-grade sovereign debt
Sunday, February 8, 2026
Three Cheers for the Makers of Corsi-Rosenthal Boxes!
Two, three, many Corsi-Rosenthal boxes!
Book Review: A Sweeping — and Personal — History of Addiction and Recovery
In “The Urge” by Carl Erik Fisher, a psychiatrist blends history and social critique with his own story of recovery.
Plan to Fix Postal Service Shifts New Retirees to Medicare — Along With Billions in Costs
A new scheme to make Medicare funding look worse to plug phony Post Office budget holes.
There’s No Sugarcoating Hershey’s Abuse of Workers and Union-Busting Tactics
Hershey is not nice.
2:00PM Water Cooler 2/25/2022
~ Today’s Water Cooler ~
Ukraine Update: Back of the Envelope Calculations, Digital Evidence, Maps, Scenarios
The fog of war in Ukraine
Europe’s Sustainable Taxonomy Is a Sideshow
The EU taxonomy grossly simplifies a complex and dynamic world. It might help prevent green-washing but other tools are needed to guide green investment.
Spanish Pensioners Win Rare Victory Against Banks’ War on Cash
After bearing the brunt of the banks’ years-long war on cash, elderly customers have had enough and are not going to take it anymore.
The Private Equity Industry in the New Interest Rate Environment
Private equity has been a big winner thanks to a long-term trend of falling interest rates. What happens in a less favorable environment?
2:00PM Water Cooler 2/24/2022
~ Today’s Water Cooler ~
“Bankruptcy For Moderna, Definitely Pfizer”
Pfizer and Moderna stocks have tanked over liabilty worries. The case made by vocal critic Edward Dowd.
