The deflationary impact of the Internet on incumbent business models
The Internet is a destroyer of margins for incumbent business models based on an analogue world. Here's why.
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Trump scores the highest approval rating in his presidency
The "Trump Unchained" policy tack is gathering steam as Trump lays the groundwork for a post-globalist world.
Tesla: focus on the cash burn
The Amazon analogy I made last month really makes sense when talking about Tesla because we are nearing the end of this cycle. Now is the time to worry about cash flow because the potential for a sudden funding halt is increasing.
Amazon's…
1 Big Idea: Signs of a 2018 top are everywhere
The big idea in today's daily newsletter is that 2018 is as good as it gets. There is also commentary on the manufacturing sector, yield curve flattening, and bond market liquidity
The week ahead — plus Tesla needs help, Trump picked too many Fed hawks and M&A is at a…
My first weekly post at Creit Writedowns Pro includes some thoughts on Tesla, Trump's Fed choices, the US trade war with China, M&A and corporate earnings.
Launch of Daily and Weekly Newsletters at Credit Writedowns
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…
The Internet as a disrupter on data, audio and video platforms
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.
Trump’s distaste for hikes and EU fines, Bernanke’s crash warnings and China’s…
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…
More on whether Powell’s comments about the economy were hawkish or dovish
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.
The booming US economy, what Powell said, Indian Rupee at record low, Trump’s auto tariffs,…
This is Credit Writedowns daily newsletter for 19 Jul 2018. The big issues: the US economy, Fed policy, currencies, trade and government deficits.