From February 5th: Okay let’s do payment for order flow again, because people are talking about it and that always stresses me out. Here’s an intuitive description of how it works. A million people come to a broker to trade GameStop Corp. stock. Half of them want to buy shares, half of them want to […]
A line cook making $15/hr would double the cost of a meal at McDonald’s, but somehow their CEO making $18 million plus has no impact? Whatever happens, we need a rationale debate on this. Enough noise from the red-necks and social-justice warriors in the cheap seats.
Wait, what? Lemonade stands across the country are closed due to social distancing guidelines, which are hindering the typical foot traffic neighborhood stands receive. With the economic repercussions of COVID-19, the big guys are muscling the little guys out of the way and pushing for bailout funds meant for small businesses. To help the smallest […]
From Matt Levine, writing in Money Stuff: I have engaged in this sort of gossip before, but for the most part I am pretty chill about “inappropriate” businesses getting PPP money. The idea of the PPP is that if a smallish business lost revenue, the government would give it a cheap loan, and if it […]
From MoneyStuff today: One point that I often make about the U.S. legal system is that lying about financial matters is quite broadly and severely criminalized—basically any sort of dishonesty having anything to do with money is arguably wire fraud—but lying about politics is common, legal, and frankly encouraged. If you sell knickknacks on the internet and […]
From FiveThirtyEight: Economists might not be able to say how much an individual person’s existence is worth, but they have figured out a way to calculate how much how much the average person is willing to pay to reduce the risk of death — which allows them to put a price tag on the collective […]
Well……yup. Weird how the stock markets are plunging so much when no infrastructure has been destroyed and no natural resources have been depleted. Almost like all that value actually comes from people’s labour. I wonder if anyone’s written anything about this? — The skeletal hatter (@DrStedx) March 16, 2020
A few weeks old, but a timely share. Think you have “Good Health Insurance”? So did I until I needed to use it. I had caught a virus and lost the hydration battle so my husband brought me in for IV fluids and zofran. I have no complaints about my care, but was surprised by […]
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 […]
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!