Financial Markets

Displaying 11 - 20 of 861

Why Is Economic Journalism So Bad?

Economic PolicyFinancial MarketsU.S. EconomyMonetary TheoryMoney and Banking

Blog03/16/2021

The financial press gives us the what, when we need the how and why. Economic journalism needs a reset.

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Commercial Real Estate: Too Much Debt, Not Enough Assets

Financial MarketsU.S. Economy

Blog03/13/2021

It’s possible the pandemic will fizzle, someone will snap their fingers, and everything will revert to the precovid economy. But indications are that commercial real estate will take lumps, some that will be fatal. 

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How the Fed's Inflation Is Driving Stock Buybacks

Financial Markets

Blog03/13/2021

An explosion in the money supply has driven many corporate managers to turn to stock buybacks as a safe alternative to holding on to depreciating cash. This means many companies are decapitalizing.

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Playing Games with Stocks

Corporate WelfareCronyism and CorporatismFinancial Markets

Blog03/04/2021

The GameStop saga—can we call it an insurrection?—wants easy heroes and villains. Both are available.

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When Is Short Selling Fraudulent?

Financial Markets

Blog02/24/2021

Shorting more than the total outstanding shares isn’t perverse or fraudulent, whereas naked short selling—depending on the context—might be.

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Economists and Psychologists Are Weaponizing Psychology and the Idea of "Rationality"

Bureaucracy and RegulationFinancial MarketsPaternalismPlanning

Blog02/16/2021

Behavioral economists and psychologists define as irrational anything that doesn't fit into a narrow model of behavior. Anything "irrational"—like buying the "wrong" stock—must be fixed with government regulation.

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In the Culture War, Conservatives Turn against Wall Street

Financial Markets

Blog02/12/2021

For conservative populists, Wall Street now is the Washington establishment, indistinguishable from the oligarchs of Silicon Valley; Washington, DC; and the New York Times.

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There's Nothing Wrong with Short Selling

Cronyism and CorporatismFinancial Markets

Blog02/03/2021

Allowing short selling increases the number of people with an incentive to discover valuable information about firms’ prospects by providing an added mechanism to benefit from information that turns out to be negative. This makes markets more responsive and honest.

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Wall Street Outsiders versus the Hedge Funds

Financial Markets

Blog02/02/2021

When small investors lose their shirts by placing unwise investments, do brokerage firms, hedge funds, big banks, etc., come to their rescue? Not a chance. But there was plenty of talk of "rescue" when hedge funders lost money in the GameStop short squeeze.

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The GameStop Rebels vs. "Too Big to Fail"

Financial Markets

Blog02/02/2021

America has grown accustomed to decades of "too big to fail," which means making sure the Wall Street elite never has to endure any real pain. It's because of this that pundits were quick to claim the GameStop affair was a grave threat to America.

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