Open-end funds have grown significantly over the past two decades and now manage around $41 trillion in assets globally. And the risks they pose to the global economy are growing,…
Yves here. One of the leading stories tonight is how furious the Biden Administration is over the OPEC+ agreement to cut oil production by 2 million barrels a day. Team…
Yves here. Neuburger here has not yet reached the point where he discusses the Graeber and Wengrow ‘Dawn of Everything’ in detail. However, this piece focuses on a central issue:…
My understanding, from discussions those who know road warriors, is that travel has become even more undignified and stressful. My recent experience confirms that and suggests a lot is due…
Yves here. This KLG offering on the state of education in medicine sets up a discussion on statins that he will continue in his next post. To add to what…
Yves here. While Liz Truss and Kwasi Kwarteng have been forced into a hasty and embarrassing retreat on their too-obviously-predatory mini-budget, they are still willing and able to do a…
Yves here. We’ve written regularly about some of the constraints on the famed shift to green energy, including limited amounts of key commodities, plus high environmental costs in mining and…
Daily life has spun out of control since Haitian Prime Minister Ariel Henry announced a rise in fuel prices last month, after which protests erupted across a country already in…
By Conor Gallagher At the beginning of this year there were four pipelines carrying natural gas from Russia to Europe, and a fifth (Nord Stream 2) was about to come…
Yves here. In the “great minds work alike” category, former derivatives trader Satyajit Das sent the post below, on the high odds of bad outcomes in financial markets the same…