Elections, and Predicting the Stock Market

Lol at this from Bloomberg: The S&P 500 will plunge 25% if the Democrat becomes president, says Paul Tudor Jones, the hedge fund manager. Discovery Capital Management founder Rob Citrone says she’s “the single biggest risk for the market” and calculates the downside at up to 20%. Billionaire Leon Cooperman told CNBC earlier this month that the […]

Farm Bailouts

Per Bloomberg: At $28 billion so far, the farm rescue is more than twice as expensive as the 2009 bailout of Detroit’s Big Three automakers, which cost taxpayers $12 billion. I’m so tired of winning!

Make Good Things

The basic way that, like, capitalism works is that you have incentives to make good stuff because people will pay you for it. If you invent a thing that people need, and you manufacture it efficiently, you will get rich. There are errors. If you invent a thing that people don’t need, that is actively […]

Bitcoin Basis

all these people in my mentions being like “i buy everything with bitcoin,” how do you track your basis and report your gains to the IRS? https://t.co/RZcBRzoX71 — Matt Levine (@matt_levine) July 1, 2019

Smart Finance

“Handing your creditors a loaded gun seems bad, but if it’s the only way to stop them from stabbing you right now then it’s fine.” — Matt Levine — Matt Edwards (@engineershope) March 8, 2019

Who Can Follow the Law All the Time?

On the other hand: What? This is a federal court casually suggesting that there is “uncertainty as to the very possibility of maintaining adequate compliance mechanism in light of complex and shifting government regulations.” Ehhhh, who can follow the law all the time, asks … a panel of federal judges? Matt Levine, Money Stuff 6 March 2019

Pay Inequality

When Google conducted a study recently to determine whether the company was underpaying women and members of minority groups, it found, to the surprise of just about everyone, that men were paid less money than women for doing similar work. https://www.nytimes.com/2019/03/04/technology/google-gender-pay-gap.html

Musk Tweets Again

Now that’s entertaining. Even in the immediate aftermath of Musk’s settlement with regulators, he has displayed a cavalier at best approach toward the deal and the impositions. About a week after reaching it, he called the SEC the “Shortseller Enrichment Commission.” Musk will be laughing all the way to the bank, as he withdraws the […]