Here Are the Signs of a Slow-Moving Credit Crunch
The big headlines from March's banking crisis have receded and balances at some of the Federal Reserve's emergency lending facilities, like the discount window, are starting to fall. But if you look c...
24 Apr 202345min
Pot Lots Part 3: Righting the Wrongs of the Past
Marijuana has been legalized in a number of places in the US now, but what New York is trying to do with its legal weed market is somewhat unique. Not only is the state trying to use legalized weed to...
20 Apr 202333min
Pot Lots Part 2: The Business of Big Cannabis
In some respects, selling legalized cannabis should be like many other consumer goods business. You make a product people recognize and then sell it to as many of them as possible. But even if attitud...
20 Apr 202322min
Pot Lots Part 1: Birth of a Marijuana Market
New York City has long been seen as a holy grail for the legal weed industry, with millions of potential customers. And last year New York state started handing out licenses for its first recreational...
20 Apr 202322min
So Much of the World Economy Has Been Going in Reverse
Over time, we expect the world to get richer. Yes, there are disruptions and setbacks (and we have seen several large ones in the last few years) but the expectation is to see growth and an increase i...
17 Apr 202345min
Eight Months In, What Is Happening With Biden's CHIPS Act?
In August of last year, the White House signed the CHIPS and Science Act of 2022, a bipartisan effort to bring more advanced semiconductor manufacturing onto US shores. Of course, it already has plent...
13 Apr 202348min
What Commercial Real Estate Stress Means for Banks and Bond Funds
In the last month or so, two macro risks have become top of mind for investors. One is the stability of regional banks. The other is the weakness in the commercial real estate market. On some level, t...
10 Apr 202347min
Nassim Taleb on What Bitcoiners, Anti-Vaxxers and Deadlift Maxis All Get Wrong
Nassim Taleb has never been shy about expressing his viewpoints on a wide range of topics. But lately he's been getting into verbal tussles with people who have long looked up to his wisdom. Whether i...
6 Apr 202355min
