Lessons from Lysol on Recessions and Recovery
Recessions are weird things: They aren’t bad for everyone. The corollary is also true: Recoveries aren’t good for everyone.
Wall Street
On ‘Capitalism, Socialism and ESG’
A new report demonstrates that the entire investment movement is both fancifully constructed and disingenuously practiced.
A Child’s Chances of Surviving a COVID-19 Infection: 99.995 Percent
A new study of COVID-19 cases in England concludes that a child’s chance of surviving an infection is 99.995 percent.
Lina Khan Just Got a Lot More Powerful
Democrat appointees led by Khan have gutted a number of long-standing limits on regulation at the FTC.
Letter on the Politicization of Corporations
Rather than boycott or complain about this trend, I decided to talk to the managers of the companies we own.
We All Need Some Patriotic Grace
We’re better than letting politics destroy friendships. May it be so.
The Housing Crunch
On the menu today: housing, stonks, nukes, doing business in China, and the memefication of markets.
A More Hawkish Federal Reserve — and Federal Trade Commission
On the menu today: the Fed’s surprising hawkishness, the FTC’s new trustbuster, the anti-Amazon industry, and more.
COVID-19 and Corporate Zombies
On the menu today: a corporate debt binge, a potential taper tantrum, the growth of collateralized-loan obligations, and the rise of zombie corporations.
Which Woke Capitalism?
Three critical distinctions shed light on a complex set of phenomena.