2018

Brief housekeeping note. I have launched a daily newsletter in which I break down the top finance, market and company stories to think about. I have already released two versions of this newsletter, the first coming out on Thursday and the…

For disruption, data size matters. It matters in terms of data transfer and media streaming speeds. And it also matters in terms of storage capacity. 

1 big thing: Trump lambasts Fed rate hikes In an interview with CNBC, US President Donald Trump said “I’m not thrilled,” with the Fed's monetary policy. He continued by saying, “because we go up and every time you go up they want to raise…

The sense I get is that Powell is a closet Taylor Rule devotee. If I'm right, then the neutral rate is quite a bit higher than where we are now.

This is Credit Writedowns daily newsletter for 19 Jul 2018. The big issues: the US economy, Fed policy, currencies, trade and government deficits.

The Trump Administration has launched an investigation into auto imports on national security grounds. But trade in uranium may be closest to what reasonable people might think as a national security issue.

People have a bias toward belief. And in the virtual world where the Internet dominates news sources, this has big consequences.

Internet is for data. Aside from emailing people, the whole purpose of using the Internet is to sift through data and find the piece of data you want: the lowest price, the funniest video, the best movie. So a service provider, the more…

These are conflicting narratives, yes. But they don't have to be because, as Minsky quipped, stability breeds instability.

There is no need for doom and gloom yet. Right now, it's about as good as it gets.