Amazon has a market capitalization of, give or take a few billion amongst friends, $480 billion… It has current profits of roughly $2.6 billion… It has a price-to-earnings ratio of [ … ]
There Is Only One Empire: Finance
Any nation-state that meets these four requirements is fully exposed to a global loss of faith in its economy, debt, balance of payments and currency. There is only one global [ … ]
Beware friends bearing low prices. Amazon. Capital Destroyer, Beserker of Retail and Unemployer of Legions
Who is hunting down the brick and mortar retailers and snuffing them. And, the killing fields are growing, from 2014-2016, 12,000 stores closed. Detectives estimates that from now to 2019 [ … ]
The Good Doctor
Theodore Dalrymple writes… Not many people, I imagine, still read Dr. Johnson for pleasure or instruction, though he was once the favorite reading of the educated in the English-speaking world [ … ]
No BS Review. Wonder Woman
There is something about popcorn, soda and Mom. We used to love going to the movies together. There were months that we saw every major release. James Bond, Mel Brooks, [ … ]
Opinion Polls. Lies, Damn Lies and Statistics
Are opinion polls the 11th plague? What we’ve done with democracy is to assume it’s a measurement of public opinion. When I was young there was quite an argument as [ … ]
Interest rate humility
Dan Thornton has an interesting essay, “The Limits of Monetary Policy: Why Interest Rates Don’t Matter.’’ Just why do we think that the Fed raising and lowering interest rates has [ … ]
AI, a robot tax & Universal Basic Income. The explainer
Ah, the companies that care about me, and indeed, humanity, and indeeder, improving shareholder return. What a bettr* world it would be, if they had it their way, which they [ … ]
Amazon buying Whole Foods? United Food Workers Union joins the #resistance
The United Food and Commercial Workers International Union has joined the #resistance against Amazon acquisition of Whole Foods. “No employment decreases are arranged because of the arrangement,” a delegate said [ … ]
Debt and Magical Thinking
Humanity appears to default to magical thinking when faced with untenable situations that demand systemic change. “Earth’s economy glorifies waste. Its economists rejoice when a product is disposed as [ … ]