Memo to Robinhood traders: “Bankruptcy” usually means the equity gets wiped out
Quick primer on how it works, given Hertz is about to pull the world’s first Initial Bankruptcy…
Month: June 2020
Our Wile E. Coyote Economy: Nothing But Financial Engineering
Ours is a Wile E. Coyote economy, and now we're hanging in mid-air, realizing there is…
Facebook as Shadow Government
Media industries are in turmoil. While this has been true for well over a decade, the…
Unstoppable: The Greatest Depression and the Reverse Wealth Effect
We are entering The Greatest Depression because there is no exit.I've endeavored to explain why The…
Social Credit: Identity and Authority
It’s been over a month since the last issue in our social credit series, and yet…
The normalization of dystopia
Some days are better than most, but others can be genuinely difficult. Today was one of…