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The Insider Versus The Average Joe
Something weird happened in the markets earlier this week. About 60 seconds before the November Consumer Price Index data was released, there was a sudden surge in trading of stock futures and...
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Bursting Bubbles
In case you haven’t been paying attention, the economic news in the tech field isn’t exactly great. Recently, Microsoft announced plans to lay off 10,000 workers, and Alphabet, the parent of Google,...
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The Pulverizing Power Of Panic
Yesterday a bank failed. Silicon Valley Bank, one of the most prominent lenders to the tech industry and the 16th largest bank in the country, was shut down by the California Department of Financial...
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Bailouts/Non-Bailouts
As the fallout continues from the abrupt collapse of the Silicon Valley Bank and the closure of Signature Bank, the federal government’s response to those developments raises some serious questions....
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Waiting For The Axe To Fall
McDonald’s recently announced that it would be implementing layoffs. Earlier this week, it temporarily closed its U.S. corporate headquarters, in Chicago, and asked all HQ employees to cancel...
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The Fed Looks In The Mirror
Yesterday the Federal Reserve issued an interesting report on the collapse of the Silicon Valley Bank. The most interesting part of the report is its conclusion that the Fed, itself, was partly to...
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The Demise Of The Cheap Car
One of the first cars I ever drove was a brown Ford Maverick. The Mav, shown in a sales poster above, looked pretty good, seated four people reasonably comfortably, got decent gas mileage, and had a...
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Back To The Buffet
Some people thought that COVID-19 would mean the demise of the all-you-can-eat buffet. That was a reasonable prediction, because pandemics and social distancing aren’t really compatible with a...
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The $6 Billion Team
Yesterday the parties to the transaction announced that a new ownership group would be buying the Washington Commanders, a National Football League team. The announced price tag for the transaction is...
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Laying The Nest Egg
One of the hardest lessons to learn when I was a young person and just beginning my career was the value of immediately saving money for retirement. At the starting salary level, money is so tight,...
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Putting More Chips Into The Silicon Heartland
Someone called central Ohio the “Silicon Heartland” in 2022, after Intel announced plans to build a huge semiconductor manufacturing complex in Licking County, just to the northeast of I-270, the ring...
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The Treasury Bond Rout
If you don’t think inflation is really that big of a problem, here’s something that might make you think again: since March 2020 U.S. Treasury bond market has experienced an historic sell-off that is...
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Airbnb And Airbnbust
One of the big changes in our new, gig-oriented economy is the movement of tourist dollars from well-known locations chock full of hotels to less well-known places where a traveler can stay in a...
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A New Method For Manipulation
People have been trying to manipulate financial markets and make a quick buck ever since financial markets were first created. The concept is so ingrained in our economic culture that it became part...
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NYC’s “Congestion Pricing” Proposal
New York City has come up an interesting approach to trying to ease congestion on Manhattan’s famously jammed streets: the Metropolitan Transportation Authority (“MTA”) has proposed assessing a fee on...
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