Category Archives: coronavirus

The Fall Approaches

OPEN ACCESS FOR A LIMITED TIME ONLY.
It’s not just the leaves that often turn when the year begins, with gathering pace, to slip towards its chilly end. Markets often do, too.

Given this backdrop, the sell-off in the Nasdaq – in the marvelled-at ‘Growth’ stocks, in the FAANGs, and in Tesla – comes at a moment which is particularly intriguing for reasons which go far beyond whatever coup SoftBank may or may not have attempted and whether those irritating Lockdown Livermores have finally gotten their comeuppance.

COVID19: Herded with Impunity

For those of us in the field of finance, the last several weeks have been interesting – not to say hair-raising – ones with regard to the financial and economic aspects of the coronavirus epidemic and a fortiori with the official, hyper-Lehman response to it.

Leaving aside the medical issues, there is much of potentially far-reaching importance here to discuss.

To access this post, you must purchase Annual Subscription or Monthly Subscription.

Not your Grandfather’s Crisis

Many people are trying to draw analogies with the Great Depression, with wartime, or the 70s stagflation era but we feel most of these analogies are missing the mark. Here we explain why

To access this post, you must purchase Annual Subscription or Monthly Subscription.

Throw me a Lifebelt!

As governments took ever more drastic action to close markets and confine people to their homes, the question loomed of how to mitigate some of the worst consequences of this self-imposed state of siege. A Twitter thread of March 10th offered up some initial thoughts, here lightly edited.

To access this post, you must purchase Annual Subscription or Monthly Subscription.

How Essential is ‘Essential’?

In the drive to prevent (viral) death by means of mass (economic) suicide, our Overlords have begun to order the cessation of activities in all ‘non-essential’ businesses.

While one can sympathise with the sentiment, it is, sadly, yet another example of the ignorant doing harm by trying to do good, since it shows absolutely no understanding of the complexity of the modern economy or of the elevated degree of interdependency which exists within it.

To access this post, you must purchase Annual Subscription or Monthly Subscription.