WeWork

Shellacking the retail investor I am glad WeWork is in the headlines these days, since I told you in May that I see it going to zero eventually. Now, I've been sanguine about a so-called bubble in these unicorns for a number of years. And…

Back in May, I wrote a post I titled "2019 may be the best time to IPO". The gist of the post was that unicorns were seeing the best market conditions imaginable for conducting an initial public offering. But, the window for loss-making…

Treasuries as a political weapon If you don't have the right model of the economy and markets in your head, you can lose lots of money. Case in point is 'The Widowmaker Trade' in Japan where speculators misunderstood the limits of monetary…

Growth matters, profits don't Nearly 7,000 scooters appeared to be active in Los Angeles County in January, having logged a ride in the previous two weeks. By April, more than 5,500 of those same scooters appeared to be removed from active…