Some firms never outgrow their formative periods. That’s confirmed by the astonishingly long list of criminal activity, looting, and recklessness perpetrated by Credit Suisse detailed in a recent RICO/class action…
Yves here. This post is a bit technical because Servaas Storm finds it necessary to go into the weeds on profit inflation, as in whether corporations jacking up prices under…
By Lambert Strether of Corrente. “You have not thought things through,” he said. By his standards it was a brutal insult.” ― Ursula K. Le Guin, The Word for World…
Nature’s 10 Best Animal Dads Treehugger Deep-Sea Footage of a ‘Smiling’ Snailfish Laughing Squid (Re Silc). From 2023, still germane. Gretchen Morgenson: From Wall Street to Journalism (podcast) Barry Rithjholz,…
By Flavio Calvino, Economist, Directorate for Science, Technology and Innovation Organisation for Economic Co-Operation and Development, and Luca Fontanelli, Post-Doctoral Researcher in Economics University Of Brescia. Originally published at VoxEU.…
When the world’s business and political leaders gathered in 2018 at the annual economic forum in Davos, the mood was jubilant. Growth in every major country was on an upswing.…
Yves here. Paul Jay reprises a 90th birthday interview of Daniel Ellsberg as a commemoration of sorts after his death yesterday at the age of 92. By Paul Jay. Originally…
Bill Black and Michael Hudson discuss how banking, particularly cross border banking, has become a vehicle for corruption. It is important to understand that the level of international capital flows…
By Lambert Strether of Corrente. Stephensen had me at the feral hogs, Snout being the name of the feral hog introduced here. Page 16 of Termination Shock (TS): Snout was…
By Lambert Strether of Corrente. Patient readers, I wish I could add more orts and scraps on Covid, but I must hustle along and finish up a review of Neal…