“There’s another, entirely logical explanation for why stores have run out of toilet paper — one that has gone oddly overlooked in the vast majority of media coverage. It has nothing to do with psychology and everything to do with supply ...Read More
"As coronavirus leads to lockdowns across the world, capitalism will be forced to face its Achilles heel: the vast mountain of global debt."
"Modern architecture has more to do with the campaign for health than with anything else...In fact, many of the ideas that Modern architects were proposing didn’t come from architectural theory, they came from doctors, nurses, and hospital ...Read More
“Capitalism cannot imagine a future beyond itself that isn’t utter butchery”
"On the face of it, the idea of Saudi Arabia and Russia starting an oil price war in the middle of a global pandemic is as dumb as it gets. From a game theory perspective, it is a masterstroke.
Analysts have called the breakdown of Opec+ ...Read More
”My current “optimistic case” is that the current bear market will ultimately be classified merely in the “moderate” category. In accordance with this particular analysis, this would imply a trough for the current bear market cycle in the ...Read More
"They have been waiting for this type of market dislocation,” the head of mergers at a major Wall Street firm told CNBC. “I don’t think ...Read More
"Indirectly via its Special Purpose Vehicles and its Primary Dealers, the Fed can buy even old bicycles, as long as taxpayers take the ...Read More
"1901 Cartoon: “Wall Street bubbles – Always the same“ American financier J. P. Morgan is depicted as a bull, blowing soap bubbles for eager investors What Will the “Corona Virus Correction” Reveal? It’s only when the tide goes out that ...Read More
“The U.S. oil and gas industry has about $86 billion of rated debt due in the next four years, according to Moody’s. Nearly all of that debt is either junk rated, or rated just above junk. Fifty-seven percent of that is due in just the ...Read More
An article on the recent OPEC+ meeting and Russias refusal to curtail oil supplies.
"Friday morning, Russia’s energy minister walked into OPEC’s headquarters in central Vienna knowing his boss was ready to turn the global oil market ...Read More
Rising inequality is eroding trust in democratic societies and paving the way for authoritarian and nativist regimes to take root, according to a dire new report from the United Nations.
UN suggesting countries take measures against income ...Read More
“It will take considerable time — perhaps several quarters — before we can be confident that the virus has been contained. It will take even longer for the global economy to recover its footing.”
Breaking: The Fed cut its benchmark rate by a half percentage point, delivering a booster shot to stem potential economic disruptions from the coronavirus.