Thursday, January 1, 2026
What Is Climate Change Adaptation, and Why Does It Matter?
Climate change reality is starting to sink in.
The Crapification of Mattresses and Retail Therapy (and an Iran Aside)
The sorry state of mattresses as a worthwhile distraction from the sudden US escalation against Iran.
Credit Cycles and Asset Returns
Yves here. I’m clearly not in touch. I am surprised that this finding, that credit booms predict equity busts, is novel. Of course, given that manias last way longer than cooler heads deem possible, judging the peak of a credit cycle is tricky business. Nevertheless, when a wee summer associate at bond trading powerhouse Salomon […]
2:00PM Water Cooler 1/2/2020
Today’s Water Cooler: Buttigieg, Castro, Sanders, Trump, impeachment, UPS, Amazon, van manufacturing, Australia bush fires, gardening, feral hogs, New Year’s post mortem, job cuts, Harvard grad students union, NY farmers union, Car Talk, visual snowclones
A Theory or Two of These Grim Times
A theory about why things are a mess.
We Broke Down the Last Decade of Climate Change in 7 Charts
Some key climate change factoids.
AI and the Productivity Paradox
AI has not delivered expected productivity gains. Some thoughts as to why.
FDA Failed to Police Opioids Makers, Thus Fueling Opioids Crisis
Johns Hopkins researchers document failure of FDA opioids regulation; maybe more effective regulation could have averted the opioids crisis.
Wolf Richter: How Ratings Agencies Inflate Credit Ratings to Get Deals & Fees
Haven’t we already seen this movie? Race to the bottom in gaming credit ratings agencies for commercial real estate Collateralized Loan Obligation deals.
Extending Sort of Comments Holiday
We didn’t really have a comments holiday…so we are extending our “reduced comments” compromise to allow Jules Dickson a proper break.
2:00PM Water Cooler 12/31/2019
Today’s Water Cooler: Open thread.
