Collective insanity, insurgent revolt or just playing games? Who cares if we can all have a laugh at Mr Moneybags drop his shorts and reveal the entitled shrivel underneath. As Kenan Malik writes in The Guardian "Having been outgamed by a bunch of nerds, the titans of Wall Street did what all entitled people do. They … Continue reading GameStop doesn’t stop the game
You want to change the world? Save humanity from self-destruction? Whether or not you like Yanis Varoufakis, he does seem to have a big heart and possibly a bigger brain than most of us. Just his impressively imagined other banking system is stacked with app-to-date-details hard to keep up with. Don't be distracted by political … Continue reading ANOTHER NOW Dispatches from an Alternative Present by YANIS VAROUFAKIS
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"The force that has propelled the stock market rally is about to exhaust itself this week." Says Nigam Arora of marketwatch. "That force is related to a short-squeeze." I don't usually do oracle stuff but I couldn't resist this one... Update 24/04/20 "How many shapes can a recession take?" the guardian has them all Just follow … Continue reading Squeezed V ?
Is the coronavirus an act of green terrorism? Allegedly the currently globalising coronavirus did not just accidentally escape from the Wuhan virology lab but was deliberately smuggled out by a 21 year old researcher and self declared Greta Thunberg fan. "I wanted to disrupt the earth-killing global economy" declared the biochemistry student who sneaked out … Continue reading Crisis!
"Almost no chance of a recession this year", concludes Barron's roundtable, "markets will gain despite looming risks." "Recession has been "priced out in a rally for the record books" booms bloomberg and forbes feels that now "only the perennial bears believe" in a 2020 recession. Investors "go into the new decade with a spring in … Continue reading Crisis? What Crisis!
To critics of capitalism, free markets and democracy, Herbert Spencer frequently responded, "There is no alternative." From the 19th century to the Washington Consensus via Charles Darwin, Margaret Thatcher, Francis Fukuyama, James Chen, Xiang Zhou, Michael Krämer, Angela Merkel, John Williamson, John Gray, John Kay, Christoph Pfluger and Mark Fisher.