Latest Issues of #AxisOfEasy
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 Offering: The senior debt holders are first in line …
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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realizing there is nothing solid beneath our feet.The story we’re told about how our “capitalist” economy works is outdated. The story goes like this: companies produce goods and …
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Facebook as Shadow Government
Media industries are in turmoil. While this has been true for well over a decade, the pandemic has accelerated the demise or transformation of most companies that are still active in the sector.
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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 Greatest Depression is unstoppable in recent posts:The Covid-19 Dominoes Fall: The World Is Insolvent March 16, 2020Pandemic Pandemonium: The Tides…
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Social Credit: Identity and Authority
It’s been over a month since the last issue in our social credit series, and yet it’s a topic I think about often. In particular I’m still of the belief that social credit systems will be a lasting response to this crisis, especially given increasing concern about identity.
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The normalization of dystopia
Some days are better than most, but others can be genuinely difficult. Today was one of the latter. There’s just so much out there to be pissed off about, and eventually you run out of piss (and are left with just the vinegar).
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